DekaBank Deutsche Girozentrale Has $3.28 Million Stock Holdings in FirstEnergy Corp. (NYSE:FE)

DekaBank Deutsche Girozentrale increased its position in shares of FirstEnergy Corp. (NYSE:FE) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,459 shares of the utilities provider’s stock after acquiring an additional 2,243 shares during the period. DekaBank Deutsche Girozentrale’s holdings in FirstEnergy were worth $3,279,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Sachetta LLC bought a new position in FirstEnergy in the 4th quarter valued at approximately $25,000. FinTrust Capital Advisors LLC lifted its stake in FirstEnergy by 1,150.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 663 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 610 shares during the last quarter. ST Germain D J Co. Inc. lifted its stake in FirstEnergy by 1,138.9% in the 2nd quarter. ST Germain D J Co. Inc. now owns 669 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 615 shares during the last quarter. Scarborough Advisors LLC bought a new position in FirstEnergy in the 4th quarter valued at approximately $31,000. Finally, Western Pacific Wealth Management LP bought a new position in FirstEnergy in the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Price Performance

FE stock opened at $43.49 on Thursday. The company has a fifty day moving average price of $42.34 and a 200-day moving average price of $39.91. The company has a market capitalization of $25.03 billion, a P/E ratio of 24.99, a PEG ratio of 2.32 and a beta of 0.50. FirstEnergy Corp. has a 52-week low of $32.18 and a 52-week high of $44.97. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.43 and a current ratio of 0.51.

FirstEnergy (NYSE:FE) last released its quarterly earnings results on Tuesday, July 30th. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.56. FirstEnergy had a net margin of 6.61% and a return on equity of 12.12%. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the firm earned $0.47 earnings per share. As a group, equities analysts expect that FirstEnergy Corp. will post 2.7 EPS for the current year.

FirstEnergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend was Wednesday, August 7th. FirstEnergy’s dividend payout ratio (DPR) is presently 97.70%.

Wall Street Analysts Forecast Growth

FE has been the subject of several research reports. Bank of America increased their price objective on shares of FirstEnergy from $42.00 to $43.00 and gave the company an “underperform” rating in a research note on Thursday, August 29th. Wells Fargo & Company increased their price objective on shares of FirstEnergy from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. KeyCorp increased their price objective on shares of FirstEnergy from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Monday. Mizuho increased their price objective on shares of FirstEnergy from $38.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, June 3rd. Finally, Morgan Stanley raised their price target on shares of FirstEnergy from $45.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $43.60.

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.