Hancock Whitney Corp Sells 535 Shares of FirstEnergy Corp. (NYSE:FE)

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Hancock Whitney Corp lowered its holdings in FirstEnergy Corp. (NYSE:FE) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,274 shares of the utilities provider’s stock after selling 535 shares during the period. Hancock Whitney Corp’s holdings in FirstEnergy were worth $2,152,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sugarloaf Wealth Management LLC bought a new stake in shares of FirstEnergy during the 4th quarter worth approximately $27,000. Savior LLC bought a new stake in shares of FirstEnergy during the 4th quarter worth approximately $28,000. Parkside Financial Bank & Trust lifted its holdings in shares of FirstEnergy by 54.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 621 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 218 shares during the period. Bartlett & Co. LLC bought a new stake in shares of FirstEnergy during the 3rd quarter worth approximately $33,000. Finally, Signaturefd LLC lifted its holdings in shares of FirstEnergy by 51.0% during the 3rd quarter. Signaturefd LLC now owns 791 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 267 shares during the period. 88.87% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on FE shares. UBS Group reaffirmed a “buy” rating and set a $53.00 price target (up previously from $52.00) on shares of FirstEnergy in a report on Monday, November 25th. Morgan Stanley upped their price target on shares of FirstEnergy from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, December 16th. Zacks Investment Research downgraded shares of FirstEnergy from a “hold” rating to a “sell” rating and set a $51.00 price target for the company. in a report on Wednesday, January 15th. KeyCorp cut their price target on shares of FirstEnergy from $56.00 to $54.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Bank of America downgraded shares of FirstEnergy from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $50.50.

FE stock opened at $52.23 on Friday. The company has a 50 day simple moving average of $49.48 and a 200 day simple moving average of $47.60. The stock has a market cap of $28.11 billion, a price-to-earnings ratio of 20.07, a P/E/G ratio of 3.49 and a beta of 0.20. FirstEnergy Corp. has a 1 year low of $38.64 and a 1 year high of $52.26. The company has a debt-to-equity ratio of 2.81, a current ratio of 0.50 and a quick ratio of 0.56.

FirstEnergy (NYSE:FE) last released its quarterly earnings data on Friday, February 7th. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.07. The business had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.74 billion. FirstEnergy had a net margin of 8.26% and a return on equity of 19.57%. During the same period in the prior year, the company earned $0.50 EPS. On average, equities research analysts anticipate that FirstEnergy Corp. will post 2.48 EPS for the current fiscal year.

FirstEnergy Company Profile

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.

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Institutional Ownership by Quarter for FirstEnergy (NYSE:FE)

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