Jackson Hole Capital Partners LLC Has $2.16 Million Stock Holdings in FirstEnergy Corp. (NYSE:FE)

Jackson Hole Capital Partners LLC raised its holdings in FirstEnergy Corp. (NYSE:FE) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,025 shares of the utilities provider’s stock after purchasing an additional 3,848 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in FirstEnergy were worth $2,164,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Sugarloaf Wealth Management LLC acquired a new stake in shares of FirstEnergy in the 4th quarter valued at $29,000. Blue Trust Inc. lifted its stake in shares of FirstEnergy by 327.3% in the 4th quarter. Blue Trust Inc. now owns 1,034 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 792 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of FirstEnergy in the 4th quarter valued at $40,000. NBC Securities Inc. bought a new position in shares of FirstEnergy in the 3rd quarter valued at $45,000. Finally, Authentikos Wealth Advisory LLC bought a new position in shares of FirstEnergy in the 3rd quarter valued at $45,000. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Stock Performance

Shares of NYSE FE traded up $0.28 during midday trading on Thursday, reaching $38.58. The company’s stock had a trading volume of 3,289,719 shares, compared to its average volume of 3,346,997. FirstEnergy Corp. has a 12-month low of $32.18 and a 12-month high of $41.15. The firm has a 50 day moving average price of $37.81 and a 200-day moving average price of $37.09. The stock has a market capitalization of $22.20 billion, a P/E ratio of 21.32 and a beta of 0.48. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.48 and a quick ratio of 0.38.

FirstEnergy (NYSE:FE) last posted its quarterly earnings results on Friday, February 9th. The utilities provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The company had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.10 billion. FirstEnergy had a net margin of 8.56% and a return on equity of 13.52%. FirstEnergy’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 EPS. As a group, equities analysts predict that FirstEnergy Corp. will post 2.66 earnings per share for the current year.

FirstEnergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date is Monday, May 6th. This is a boost from FirstEnergy’s previous quarterly dividend of $0.41. FirstEnergy’s payout ratio is 90.61%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FE. KeyCorp raised their target price on FirstEnergy from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. The Goldman Sachs Group assumed coverage on FirstEnergy in a research note on Wednesday, April 10th. They issued a “buy” rating and a $45.00 target price for the company. Scotiabank cut their price target on FirstEnergy from $41.00 to $40.00 and set a “sector perform” rating for the company in a research note on Monday. StockNews.com downgraded FirstEnergy from a “hold” rating to a “sell” rating in a research note on Monday, February 12th. Finally, Bank of America lifted their price target on FirstEnergy from $30.00 to $35.00 and gave the company an “underperform” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, FirstEnergy has an average rating of “Hold” and an average target price of $39.80.

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.