Nomura Holdings Inc. Sells 4,192 Shares of FirstEnergy Corp. (NYSE:FE)

Nomura Holdings Inc. reduced its holdings in FirstEnergy Corp. (NYSE:FE) by 28.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,404 shares of the utilities provider’s stock after selling 4,192 shares during the period. Nomura Holdings Inc.’s holdings in FirstEnergy were worth $381,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in FE. Sachetta LLC acquired a new position in shares of FirstEnergy during the fourth quarter valued at about $25,000. Sugarloaf Wealth Management LLC bought a new stake in shares of FirstEnergy in the 4th quarter worth approximately $29,000. Scarborough Advisors LLC acquired a new stake in shares of FirstEnergy during the 4th quarter worth approximately $31,000. Blue Trust Inc. grew its holdings in shares of FirstEnergy by 327.3% during the 4th quarter. Blue Trust Inc. now owns 1,034 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 792 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of FirstEnergy during the fourth quarter valued at approximately $40,000. 89.41% of the stock is owned by institutional investors.

FirstEnergy Stock Up 0.1 %

Shares of FE opened at $38.27 on Friday. The company has a market capitalization of $22.03 billion, a P/E ratio of 21.99, a PEG ratio of 2.42 and a beta of 0.50. FirstEnergy Corp. has a one year low of $32.18 and a one year high of $40.65. The business’s 50 day simple moving average is $38.95 and its 200-day simple moving average is $37.94. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.65 and a quick ratio of 0.56.

FirstEnergy (NYSE:FE) last posted its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.36 billion. FirstEnergy had a return on equity of 12.45% and a net margin of 8.22%. As a group, sell-side analysts predict that FirstEnergy Corp. will post 2.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FE shares. Morgan Stanley lifted their price target on shares of FirstEnergy from $42.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. StockNews.com upgraded shares of FirstEnergy from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Scotiabank dropped their price target on shares of FirstEnergy from $41.00 to $40.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Bank of America lifted their price objective on FirstEnergy from $30.00 to $35.00 and gave the company an “underperform” rating in a report on Tuesday, April 23rd. Finally, The Goldman Sachs Group initiated coverage on FirstEnergy in a research note on Wednesday, April 10th. They issued a “buy” rating and a $45.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $40.27.

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.