FirstEnergy Corp. (NYSE:FE) EVP James F. Pearson sold 40,000 shares of the business’s stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $37.87, for a total transaction of $1,514,800.00. The sale was disclosed in a document filed with the SEC, which is available through this link.

FirstEnergy stock opened at $38.58 on Friday. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.41 and a current ratio of 0.45. FirstEnergy Corp. has a 12 month low of $29.33 and a 12 month high of $39.88. The firm has a market cap of $19.41 billion, a PE ratio of 12.57, a P/E/G ratio of 2.48 and a beta of 0.28.

FirstEnergy (NYSE:FE) last posted its quarterly earnings results on Thursday, October 25th. The utilities provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.71 by $0.09. FirstEnergy had a negative net margin of 11.86% and a positive return on equity of 24.42%. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $2.82 billion. As a group, equities analysts expect that FirstEnergy Corp. will post 2.55 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Thursday, February 7th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, February 6th. This is a boost from FirstEnergy’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 3.94%. FirstEnergy’s dividend payout ratio is currently 46.91%.

FE has been the topic of several recent analyst reports. Morgan Stanley cut their target price on shares of FirstEnergy from $41.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, September 21st. Wells Fargo & Co restated a “buy” rating and set a $42.00 price target (up from $41.00) on shares of FirstEnergy in a report on Monday, September 17th. ValuEngine upgraded shares of FirstEnergy from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. Barclays boosted their price target on shares of FirstEnergy from $39.00 to $40.00 and gave the company a “hold” rating in a report on Monday, November 19th. Finally, Bank of America boosted their price target on shares of FirstEnergy from $39.00 to $41.00 and gave the company a “buy” rating in a report on Monday, October 29th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $39.00.

A number of large investors have recently modified their holdings of the stock. Strategic Wealth Partners Ltd. boosted its holdings in FirstEnergy by 141.8% during the third quarter. Strategic Wealth Partners Ltd. now owns 2,483 shares of the utilities provider’s stock valued at $92,000 after acquiring an additional 1,456 shares during the period. Winslow Evans & Crocker Inc. bought a new stake in FirstEnergy during the third quarter valued at about $114,000. Valeo Financial Advisors LLC boosted its holdings in FirstEnergy by 104.4% during the third quarter. Valeo Financial Advisors LLC now owns 3,759 shares of the utilities provider’s stock valued at $140,000 after acquiring an additional 1,920 shares during the period. Brown Brothers Harriman & Co. bought a new stake in FirstEnergy during the third quarter valued at about $141,000. Finally, Ancora Advisors LLC bought a new stake in FirstEnergy during the third quarter valued at about $168,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.

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About FirstEnergy

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates coal-fired, nuclear, hydroelectric, oil and natural gas, wind, and solar power generating facilities.

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