Mason Street Advisors LLC grew its holdings in FirstEnergy Corp. (NYSE:FE) by 6.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,930 shares of the utilities provider’s stock after purchasing an additional 4,926 shares during the period. Mason Street Advisors LLC’s holdings in FirstEnergy were worth $3,710,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. HBK Sorce Advisory LLC purchased a new position in shares of FirstEnergy in the second quarter valued at about $217,000. Commerzbank Aktiengesellschaft FI lifted its position in shares of FirstEnergy by 13.1% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 6,579 shares of the utilities provider’s stock worth $282,000 after buying an additional 762 shares in the last quarter. Clean Yield Group grew its stake in shares of FirstEnergy by 1,184.0% during the second quarter. Clean Yield Group now owns 642 shares of the utilities provider’s stock valued at $27,000 after buying an additional 592 shares during the last quarter. Point72 Hong Kong Ltd grew its stake in shares of FirstEnergy by 165.8% during the second quarter. Point72 Hong Kong Ltd now owns 20,505 shares of the utilities provider’s stock valued at $878,000 after buying an additional 12,792 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of FirstEnergy during the second quarter valued at approximately $222,000. 94.69% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE FE traded up $0.67 during trading hours on Wednesday, reaching $46.97. The stock had a trading volume of 141,345 shares, compared to its average volume of 4,253,638. The company has a current ratio of 0.62, a quick ratio of 0.56 and a debt-to-equity ratio of 2.67. The firm has a market cap of $25.19 billion, a price-to-earnings ratio of 18.13, a P/E/G ratio of 3.08 and a beta of 0.18. The business’s fifty day moving average price is $47.87 and its two-hundred day moving average price is $44.84. FirstEnergy Corp. has a 52-week low of $35.33 and a 52-week high of $49.07.
The company also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 7th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.24%. FirstEnergy’s payout ratio is 58.69%.
FE has been the topic of a number of analyst reports. TheStreet cut FirstEnergy from a “b” rating to a “f” rating in a research note on Thursday, July 18th. KeyCorp upped their target price on FirstEnergy from $51.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. ValuEngine cut FirstEnergy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Mizuho cut FirstEnergy from a “buy” rating to a “neutral” rating and upped their target price for the company from $48.00 to $48.50 in a research note on Friday, September 20th. Finally, Citigroup set a $49.00 target price on FirstEnergy and gave the company a “hold” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. FirstEnergy has an average rating of “Hold” and a consensus target price of $48.36.
FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution and Regulated Transmission segments. It owns and operates coal-fired, nuclear, hydroelectric, natural gas, wind, and solar power generating facilities.
Recommended Story: Why are analyst ratings important in trading stocks?
Want to see what other hedge funds are holding FE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FirstEnergy Corp. (NYSE:FE).
Receive News & Ratings for FirstEnergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstEnergy and related companies with MarketBeat.com's FREE daily email newsletter.