FirstEnergy Corp. (NYSE:FE) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lowered its stake in shares of FirstEnergy Corp. (NYSE:FE) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,954 shares of the utilities provider’s stock after selling 494 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in FirstEnergy were worth $617,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Livelsberger Financial Advisory purchased a new stake in shares of FirstEnergy in the 3rd quarter valued at about $26,000. Strategic Investment Solutions Inc. IL purchased a new stake in FirstEnergy in the second quarter valued at approximately $32,000. West Oak Capital LLC purchased a new stake in FirstEnergy in the second quarter valued at approximately $38,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of FirstEnergy in the second quarter valued at approximately $38,000. Finally, Sachetta LLC grew its position in shares of FirstEnergy by 36.0% during the second quarter. Sachetta LLC now owns 929 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 89.41% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on FE shares. Barclays upped their price target on shares of FirstEnergy from $40.00 to $46.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Seaport Res Ptn downgraded shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. KeyCorp dropped their price target on FirstEnergy from $48.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 4th. Bank of America increased their price objective on FirstEnergy from $42.00 to $43.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. Finally, Jefferies Financial Group initiated coverage on FirstEnergy in a report on Monday, October 14th. They issued a “hold” rating and a $46.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, FirstEnergy has a consensus rating of “Hold” and an average price target of $45.82.

FirstEnergy Trading Down 0.4 %

NYSE:FE opened at $40.82 on Tuesday. FirstEnergy Corp. has a 1 year low of $35.41 and a 1 year high of $44.97. 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 stock has a fifty day moving average price of $42.42 and a two-hundred day moving average price of $41.59. The stock has a market capitalization of $23.53 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 2.21 and a beta of 0.51.

FirstEnergy (NYSE:FE) last announced its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.05). The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.96 billion. FirstEnergy had a net margin of 6.64% and a return on equity of 11.38%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS. As a group, sell-side analysts anticipate that FirstEnergy Corp. will post 2.68 earnings per share for the current fiscal year.

FirstEnergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Investors of record on Thursday, November 7th were issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date was Thursday, November 7th. FirstEnergy’s dividend payout ratio is currently 109.68%.

FirstEnergy Company 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.