Sentry Investment Management LLC Has $76,000 Stake in FirstEnergy Corp. (NYSE:FE)

Sentry Investment Management LLC cut its stake in FirstEnergy Corp. (NYSE:FE) by 14.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,909 shares of the utilities provider’s stock after selling 311 shares during the period. Sentry Investment Management LLC’s holdings in FirstEnergy were worth $76,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new stake in shares of FirstEnergy in the fourth quarter worth $26,000. True Wealth Design LLC increased its stake in FirstEnergy by 4,571.4% in the 3rd quarter. True Wealth Design LLC now owns 654 shares of the utilities provider’s stock valued at $29,000 after buying an additional 640 shares during the last quarter. WASHINGTON TRUST Co lifted its position in FirstEnergy by 293.0% during the 4th quarter. WASHINGTON TRUST Co now owns 786 shares of the utilities provider’s stock worth $31,000 after buying an additional 586 shares in the last quarter. Cedar Mountain Advisors LLC acquired a new position in shares of FirstEnergy during the 4th quarter worth about $34,000. Finally, Quarry LP grew its holdings in shares of FirstEnergy by 59.1% in the 3rd quarter. Quarry LP now owns 861 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 320 shares in the last quarter. Institutional investors own 89.41% of the company’s stock.

Wall Street Analysts Forecast Growth

FE has been the topic of several analyst reports. Wolfe Research lowered FirstEnergy from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 23rd. Seaport Res Ptn cut FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Scotiabank raised FirstEnergy from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $45.00 to $50.00 in a report on Thursday, December 12th. KeyCorp lowered their target price on shares of FirstEnergy from $48.00 to $47.00 and set an “overweight” rating on the stock in a report on Wednesday, December 4th. Finally, Morgan Stanley cut their price target on shares of FirstEnergy from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. 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 MarketBeat.com, the company has an average rating of “Hold” and an average target price of $46.27.

FirstEnergy Trading Down 10.1 %

NYSE FE opened at $38.68 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt-to-equity ratio of 1.58. The business has a fifty day simple moving average of $40.09 and a 200 day simple moving average of $41.77. FirstEnergy Corp. has a 12 month low of $36.01 and a 12 month high of $44.97. The firm has a market capitalization of $22.29 billion, a P/E ratio of 24.96, a PEG ratio of 2.07 and a beta of 0.52.

FirstEnergy (NYSE:FE) last issued its quarterly earnings data on Wednesday, February 26th. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. The firm had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.53 billion. On average, analysts predict 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 will be paid on Saturday, March 1st. Stockholders of record on Friday, February 7th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend is Friday, February 7th. FirstEnergy’s dividend payout ratio is presently 109.68%.

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.