FirstEnergy Corp. (NYSE:FE) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC reduced its holdings in shares of FirstEnergy Corp. (NYSE:FE) by 4.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,024 shares of the utilities provider’s stock after selling 8,269 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in FirstEnergy were worth $7,877,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FE. Richard Bernstein Advisors LLC acquired a new stake in FirstEnergy during the 4th quarter valued at $4,958,000. Illinois Municipal Retirement Fund lifted its position in shares of FirstEnergy by 60.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 32,022 shares of the utilities provider’s stock valued at $1,274,000 after acquiring an additional 12,050 shares in the last quarter. Vaughan David Investments LLC IL boosted its stake in shares of FirstEnergy by 1.4% during the fourth quarter. Vaughan David Investments LLC IL now owns 1,112,475 shares of the utilities provider’s stock valued at $44,254,000 after acquiring an additional 15,507 shares during the last quarter. Millington Financial Advisors LLC acquired a new position in FirstEnergy in the 4th quarter valued at about $1,266,000. Finally, South Dakota Investment Council raised its stake in FirstEnergy by 32.2% in the 4th quarter. South Dakota Investment Council now owns 69,253 shares of the utilities provider’s stock valued at $2,755,000 after purchasing an additional 16,871 shares during the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Stock Performance

NYSE:FE opened at $43.51 on Wednesday. The firm’s fifty day simple moving average is $40.02 and its 200 day simple moving average is $41.78. The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt-to-equity ratio of 1.58. FirstEnergy Corp. has a twelve month low of $36.01 and a twelve month high of $44.97. The firm has a market capitalization of $25.07 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 2.07 and a beta of 0.52.

FirstEnergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 7th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 3.91%. The ex-dividend date is Friday, February 7th. FirstEnergy’s dividend payout ratio (DPR) is 109.68%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FE. Seaport Res Ptn downgraded shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Scotiabank raised shares of FirstEnergy from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $45.00 to $50.00 in a research note on Thursday, December 12th. Wolfe Research lowered FirstEnergy from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 23rd. Morgan Stanley lowered their price objective on FirstEnergy from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Finally, KeyCorp decreased their price target on FirstEnergy from $48.00 to $47.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $46.27.

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.