Morton Community Bank Has $3.60 Million Holdings in FirstEnergy Corp. (NYSE:FE)

Morton Community Bank boosted its position in FirstEnergy Corp. (NYSE:FE) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 90,386 shares of the utilities provider’s stock after buying an additional 1,660 shares during the quarter. Morton Community Bank’s holdings in FirstEnergy were worth $3,596,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in FirstEnergy by 25.4% during the third quarter. Farther Finance Advisors LLC now owns 4,131 shares of the utilities provider’s stock worth $183,000 after purchasing an additional 836 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of FirstEnergy in the third quarter valued at about $754,000. QRG Capital Management Inc. raised its holdings in FirstEnergy by 11.8% during the third quarter. QRG Capital Management Inc. now owns 12,728 shares of the utilities provider’s stock worth $564,000 after acquiring an additional 1,346 shares in the last quarter. Principal Financial Group Inc. boosted its position in FirstEnergy by 5.2% during the third quarter. Principal Financial Group Inc. now owns 617,768 shares of the utilities provider’s stock valued at $27,398,000 after purchasing an additional 30,769 shares during the last quarter. Finally, Tyler Stone Wealth Management increased its position in shares of FirstEnergy by 94.4% during the 3rd quarter. Tyler Stone Wealth Management now owns 22,817 shares of the utilities provider’s stock worth $1,012,000 after purchasing an additional 11,081 shares during the last quarter. Institutional investors own 89.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FE. Morgan Stanley cut their price target on shares of FirstEnergy from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Scotiabank decreased their target price on FirstEnergy from $50.00 to $44.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. KeyCorp reduced their price target on FirstEnergy from $48.00 to $47.00 and set an “overweight” rating for the company in a research note on Wednesday, December 4th. Guggenheim reduced their target price on shares of FirstEnergy from $52.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Finally, Wolfe Research lowered shares of FirstEnergy from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, FirstEnergy has an average rating of “Hold” and a consensus target price of $45.33.

FirstEnergy Price Performance

Shares of FE opened at $38.54 on Monday. The business has a 50-day simple moving average of $39.98 and a two-hundred day simple moving average of $41.60. FirstEnergy Corp. has a 12-month low of $36.81 and a 12-month high of $44.97. The stock has a market cap of $22.22 billion, a PE ratio of 24.86, a PEG ratio of 2.07 and a beta of 0.48. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 1.58.

FirstEnergy (NYSE:FE) last posted its earnings results on Wednesday, February 26th. The utilities provider reported $0.67 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.03). The business had revenue of $3.20 billion for the quarter, compared to analyst estimates 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 earnings per share for the current fiscal year.

FirstEnergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Friday, February 7th were paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 4.41%. The ex-dividend date was Friday, February 7th. FirstEnergy’s dividend payout ratio (DPR) is presently 100.00%.

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.