FirstEnergy Corporation $FE Position Lessened by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL trimmed its stake in FirstEnergy Corporation (NYSE:FE) by 39.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 115,119 shares of the utilities provider’s stock after selling 74,197 shares during the quarter. Vaughan David Investments LLC IL’s holdings in FirstEnergy were worth $5,275,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. SageView Advisory Group LLC increased its holdings in shares of FirstEnergy by 2.3% during the second quarter. SageView Advisory Group LLC now owns 10,253 shares of the utilities provider’s stock valued at $425,000 after purchasing an additional 233 shares during the period. CWM LLC increased its stake in FirstEnergy by 2.0% during the 2nd quarter. CWM LLC now owns 12,044 shares of the utilities provider’s stock valued at $485,000 after buying an additional 240 shares during the period. Kohmann Bosshard Financial Services LLC raised its position in shares of FirstEnergy by 0.5% during the 2nd quarter. Kohmann Bosshard Financial Services LLC now owns 48,454 shares of the utilities provider’s stock worth $1,951,000 after buying an additional 241 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in shares of FirstEnergy by 15.2% in the second quarter. Manchester Capital Management LLC now owns 1,834 shares of the utilities provider’s stock valued at $74,000 after acquiring an additional 242 shares in the last quarter. Finally, Quadcap Wealth Management LLC boosted its holdings in shares of FirstEnergy by 0.8% in the second quarter. Quadcap Wealth Management LLC now owns 31,010 shares of the utilities provider’s stock valued at $1,248,000 after acquiring an additional 246 shares in the last quarter. Institutional investors own 89.41% of the company’s stock.

Wall Street Analysts Forecast Growth

FE has been the topic of several research reports. Jefferies Financial Group boosted their price target on shares of FirstEnergy from $45.00 to $47.00 and gave the stock a “hold” rating in a research report on Tuesday, October 21st. Morgan Stanley boosted their target price on shares of FirstEnergy from $47.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Citigroup assumed coverage on shares of FirstEnergy in a research report on Tuesday, October 7th. They issued a “buy” rating and a $53.00 price target on the stock. UBS Group cut their price objective on FirstEnergy from $49.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Finally, Scotiabank raised their price objective on FirstEnergy from $49.00 to $51.00 and gave the stock a “sector outperform” rating in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, FirstEnergy presently has an average rating of “Moderate Buy” and an average target price of $48.75.

FirstEnergy Trading Up 1.2%

Shares of FirstEnergy stock opened at $47.12 on Tuesday. The company has a market cap of $27.22 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.71 and a beta of 0.64. FirstEnergy Corporation has a 1 year low of $37.58 and a 1 year high of $48.20. The company’s fifty day simple moving average is $45.50 and its 200-day simple moving average is $44.49. The company has a current ratio of 0.75, a quick ratio of 0.64 and a debt-to-equity ratio of 1.80.

FirstEnergy (NYSE:FE) last released its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $3.94 billion. FirstEnergy had a return on equity of 11.15% and a net margin of 9.19%.FirstEnergy’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 earnings per share. As a group, sell-side analysts expect that FirstEnergy Corporation will post 2.66 EPS for the current year.

FirstEnergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 6th will be given a dividend of $0.445 per share. The ex-dividend date is Friday, February 6th. This represents a $1.78 dividend on an annualized basis and a yield of 3.8%. FirstEnergy’s dividend payout ratio is 77.73%.

FirstEnergy Profile

FirstEnergy Corp. (NYSE: FE) is a U.S.-based electric utility holding company headquartered in Akron, Ohio. The company’s primary business is the delivery of electricity through its regulated transmission and distribution utilities, serving residential, commercial and industrial customers across parts of the Midwest and Mid‑Atlantic. FirstEnergy’s service territory includes states such as Ohio, Pennsylvania, New Jersey, Maryland and West Virginia, and it operates primarily within the PJM regional transmission organization.

FirstEnergy’s core activities center on owning and operating electric distribution networks and transmission systems, maintaining and upgrading grid infrastructure, managing storm response and restoration, and offering customer programs that include energy efficiency and reliability services.