National Pension Service lifted its holdings in FirstEnergy Corp. (NYSE:FE) by 1.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 752,762 shares of the utilities provider’s stock after acquiring an additional 11,137 shares during the quarter. National Pension Service owned 0.14% of FirstEnergy worth $30,163,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Westpac Banking Corp boosted its position in shares of FirstEnergy by 12.2% during the fourth quarter. Westpac Banking Corp now owns 71,687 shares of the utilities provider’s stock worth $3,484,000 after acquiring an additional 7,794 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of FirstEnergy by 1,432.9% during the 4th quarter. Schroder Investment Management Group now owns 436,164 shares of the utilities provider’s stock valued at $21,198,000 after purchasing an additional 407,711 shares during the last quarter. Asset Management One Co. Ltd. grew its position in shares of FirstEnergy by 2.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 423,537 shares of the utilities provider’s stock valued at $20,584,000 after purchasing an additional 10,038 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of FirstEnergy by 10.5% in the first quarter. Private Advisor Group LLC now owns 26,114 shares of the utilities provider’s stock worth $1,047,000 after purchasing an additional 2,483 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of FirstEnergy by 223.3% in the first quarter. Assenagon Asset Management S.A. now owns 227,983 shares of the utilities provider’s stock worth $9,135,000 after buying an additional 157,470 shares in the last quarter. 84.53% of the stock is owned by institutional investors.

Shares of NYSE:FE traded down $0.43 on Friday, reaching $37.10. The company had a trading volume of 75,978 shares, compared to its average volume of 3,906,237. The firm has a market capitalization of $20.47 billion, a PE ratio of 29.97 and a beta of 0.46. The company has a current ratio of 0.54, a quick ratio of 0.46 and a debt-to-equity ratio of 3.06. FirstEnergy Corp. has a 52-week low of $32.00 and a 52-week high of $52.51. The firm’s 50 day simple moving average is $40.86 and its 200-day simple moving average is $44.76.

FirstEnergy (NYSE:FE) last released its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. FirstEnergy had a net margin of 6.13% and a return on equity of 19.57%. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period last year, the business earned $0.67 EPS. The company’s revenue was down 6.9% compared to the same quarter last year. As a group, equities research analysts predict that FirstEnergy Corp. will post 2.49 earnings per share for the current year.

Several research firms have commented on FE. Wells Fargo & Co lowered their price objective on shares of FirstEnergy from $59.00 to $50.00 in a research report on Monday, April 27th. UBS Group lifted their price target on FirstEnergy from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Morgan Stanley upped their price objective on FirstEnergy from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Seaport Global Securities initiated coverage on FirstEnergy in a report on Wednesday, May 20th. They issued a “buy” rating and a $47.00 target price for the company. Finally, Barclays decreased their price target on FirstEnergy from $54.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, March 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $48.17.

FirstEnergy Profile

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

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Institutional Ownership by Quarter for FirstEnergy (NYSE:FE)

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