Angeles Investment Advisors LLC Decreases Position in FirstEnergy Corp. (NYSE:FE)

Angeles Investment Advisors LLC decreased its position in shares of FirstEnergy Corp. (NYSE:FE) by 2.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,664 shares of the utilities provider’s stock after selling 405 shares during the quarter. Angeles Investment Advisors LLC’s holdings in FirstEnergy were worth $583,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in FE. Balanced Wealth Group LLC increased its holdings in shares of FirstEnergy by 0.9% in the fourth quarter. Balanced Wealth Group LLC now owns 26,991 shares of the utilities provider’s stock valued at $1,074,000 after purchasing an additional 250 shares during the period. Quarry LP increased its holdings in shares of FirstEnergy by 59.1% in the third quarter. Quarry LP now owns 861 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 320 shares during the period. Brooklyn Investment Group increased its holdings in shares of FirstEnergy by 6.7% in the fourth quarter. Brooklyn Investment Group now owns 5,146 shares of the utilities provider’s stock valued at $205,000 after purchasing an additional 324 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of FirstEnergy by 33.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,326 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 329 shares during the period. Finally, Horizon Investments LLC increased its holdings in shares of FirstEnergy by 4.8% in the fourth quarter. Horizon Investments LLC now owns 7,290 shares of the utilities provider’s stock valued at $287,000 after purchasing an additional 336 shares during the period. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Stock Down 0.5 %

FE opened at $39.62 on Monday. The business’s fifty day moving average is $39.95 and its two-hundred day moving average is $41.30. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.56. The company has a market cap of $22.85 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 2.07 and a beta of 0.48. FirstEnergy Corp. has a one year low of $36.81 and a one year high of $44.97.

FirstEnergy (NYSE:FE) last posted its earnings results on Wednesday, February 26th. The utilities provider reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.53 billion. FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. Analysts anticipate that FirstEnergy Corp. will post 2.66 EPS for the current fiscal year.

FirstEnergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 7th will be given a $0.445 dividend. This is an increase from FirstEnergy’s previous quarterly dividend of $0.43. This represents a $1.78 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Wednesday, May 7th. FirstEnergy’s dividend payout ratio is currently 104.71%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FE. Wolfe Research lowered FirstEnergy from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 23rd. KeyCorp dropped their target price on FirstEnergy from $48.00 to $47.00 and set an “overweight” rating on the stock in a report on Wednesday, December 4th. UBS Group lifted their price target on FirstEnergy from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday. Guggenheim decreased their price target on FirstEnergy from $52.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Finally, Scotiabank decreased their price target on FirstEnergy from $50.00 to $44.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, FirstEnergy currently has an average rating of “Hold” and a consensus target price of $45.00.

FirstEnergy Profile

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