Hancock Whitney Corp lessened its holdings in FirstEnergy Corp. (NYSE:FE) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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.
A number of other large investors have also bought and sold shares of FE. Sugarloaf Wealth Management LLC acquired a new stake in shares of FirstEnergy during the fourth quarter worth approximately $27,000. Savior LLC acquired a new stake in shares of FirstEnergy during the fourth quarter worth approximately $28,000. Parkside Financial Bank & Trust increased its holdings in shares of FirstEnergy by 54.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 621 shares of the utilities provider’s stock worth $30,000 after buying an additional 218 shares in the last quarter. Bartlett & Co. LLC acquired a new stake in shares of FirstEnergy during the third quarter worth approximately $33,000. Finally, Signaturefd LLC increased its holdings in shares of FirstEnergy by 51.0% during the third quarter. Signaturefd LLC now owns 791 shares of the utilities provider’s stock worth $38,000 after buying an additional 267 shares in the last quarter. 88.87% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on the stock. Mizuho raised shares of FirstEnergy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $47.00 to $53.00 in a report on Monday, November 25th. Morgan Stanley raised their price target on shares of FirstEnergy from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Monday, December 16th. Citigroup raised their price target on shares of FirstEnergy from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. UBS Group reissued a “buy” rating and issued a $53.00 price target (up previously from $52.00) on shares of FirstEnergy in a report on Monday, November 25th. Finally, KeyCorp lowered 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. FirstEnergy presently has a consensus rating of “Hold” and an average price target of $50.50.
Shares of FE stock opened at $52.23 on Friday. FirstEnergy Corp. has a 52-week low of $38.64 and a 52-week high of $52.26. The stock has a market cap of $28.11 billion, a PE ratio of 20.07, a PEG ratio of 3.49 and a beta of 0.20. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.56 and a current ratio of 0.50. The firm’s 50 day moving average price is $49.48 and its two-hundred day moving average price is $47.60.
FirstEnergy (NYSE:FE) last announced its quarterly earnings data on Friday, February 7th. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. FirstEnergy had a net margin of 8.26% and a return on equity of 19.57%. The firm had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same period last year, the firm earned $0.50 earnings per share. As a group, sell-side analysts predict that FirstEnergy Corp. will post 2.48 earnings per share 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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