FirstEnergy Corp. (NYSE:FE) Shares Acquired by Greenleaf Trust

Greenleaf Trust increased its position in FirstEnergy Corp. (NYSE:FE) by 14.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,151 shares of the utilities provider’s stock after purchasing an additional 1,445 shares during the period. Greenleaf Trust’s holdings in FirstEnergy were worth $444,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FE. AQR Capital Management LLC increased its holdings in shares of FirstEnergy by 37.4% in the 2nd quarter. AQR Capital Management LLC now owns 48,493 shares of the utilities provider’s stock valued at $1,856,000 after acquiring an additional 13,195 shares during the last quarter. Creative Planning increased its stake in FirstEnergy by 1.0% during the second quarter. Creative Planning now owns 36,488 shares of the utilities provider’s stock valued at $1,396,000 after purchasing an additional 372 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of FirstEnergy during the second quarter worth $832,000. Park Avenue Securities LLC lifted its position in shares of FirstEnergy by 1.8% in the 3rd quarter. Park Avenue Securities LLC now owns 31,731 shares of the utilities provider’s stock worth $1,407,000 after buying an additional 566 shares during the last quarter. Finally, Czech National Bank boosted its holdings in shares of FirstEnergy by 5.8% in the 3rd quarter. Czech National Bank now owns 104,416 shares of the utilities provider’s stock valued at $4,631,000 after buying an additional 5,713 shares during the period. 89.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FE shares. Morgan Stanley cut their target price on shares of FirstEnergy from $52.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Seaport Res Ptn lowered FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Scotiabank raised FirstEnergy from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $45.00 to $50.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price target on shares of FirstEnergy from $45.00 to $46.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, Jefferies Financial Group started coverage on shares of FirstEnergy in a report on Monday, October 14th. They issued a “hold” rating and a $46.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $46.27.

FirstEnergy Price Performance

Shares of NYSE:FE opened at $40.01 on Wednesday. The stock has a market cap of $23.06 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 1.99 and a beta of 0.52. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.56 and a quick ratio of 0.46. FirstEnergy Corp. has a 12 month low of $35.41 and a 12 month high of $44.97. The stock’s 50 day moving average price is $40.14 and its 200 day moving average price is $41.85.

FirstEnergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 7th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.70 annualized dividend and a dividend yield of 4.25%. FirstEnergy’s dividend payout ratio (DPR) is 109.68%.

About FirstEnergy

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.