FirstEnergy Corp. (NYSE:FE) Shares Acquired by Kohmann Bosshard Financial Services LLC

Kohmann Bosshard Financial Services LLC lifted its position in shares of FirstEnergy Corp. (NYSE:FE) by 1.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,441 shares of the utilities provider’s stock after buying an additional 644 shares during the quarter. Kohmann Bosshard Financial Services LLC’s holdings in FirstEnergy were worth $1,887,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in FE. Wedge Capital Management L L P NC purchased a new stake in FirstEnergy during the 4th quarter worth about $12,198,000. Allspring Global Investments Holdings LLC increased its position in FirstEnergy by 2.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,318,905 shares of the utilities provider’s stock worth $371,911,000 after purchasing an additional 220,433 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in FirstEnergy by 7.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,346,263 shares of the utilities provider’s stock worth $104,057,000 after purchasing an additional 171,955 shares in the last quarter. Van ECK Associates Corp increased its position in FirstEnergy by 95.3% during the 4th quarter. Van ECK Associates Corp now owns 323,079 shares of the utilities provider’s stock worth $12,852,000 after purchasing an additional 157,666 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in FirstEnergy by 177.6% during the 4th quarter. CIBC Asset Management Inc now owns 212,358 shares of the utilities provider’s stock worth $8,448,000 after purchasing an additional 135,870 shares in the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Stock Performance

FirstEnergy stock opened at $38.79 on Friday. The stock’s 50 day moving average price is $40.07 and its 200 day moving average price is $41.74. The firm has a market capitalization of $22.36 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 2.07 and a beta of 0.52. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.56. FirstEnergy Corp. has a one year low of $36.01 and a one year high of $44.97.

FirstEnergy (NYSE:FE) last released its quarterly earnings results on Wednesday, February 26th. The utilities provider reported $0.67 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.03). FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.53 billion. As a group, sell-side analysts expect that FirstEnergy Corp. will post 2.66 EPS for the current fiscal year.

FirstEnergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Friday, February 7th were given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date was Friday, February 7th. FirstEnergy’s payout ratio is 109.68%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wells Fargo & Company dropped their price objective on FirstEnergy from $48.00 to $41.00 and set an “equal weight” rating for the company in a research report on Friday. Wolfe Research cut FirstEnergy from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 23rd. Scotiabank lowered their price target on FirstEnergy from $50.00 to $44.00 and set a “sector outperform” rating for the company in a report on Friday. Guggenheim lowered their price target on FirstEnergy from $52.00 to $45.00 and set a “buy” rating for the company in a report on Friday. Finally, Morgan Stanley lowered their price target on FirstEnergy from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, FirstEnergy has an average rating of “Hold” and a consensus target price of $45.33.

FirstEnergy 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.