Tyler Stone Wealth Management Has $1.01 Million Position in FirstEnergy Corp. (NYSE:FE)

Tyler Stone Wealth Management boosted its holdings in shares of FirstEnergy Corp. (NYSE:FE) by 94.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,817 shares of the utilities provider’s stock after buying an additional 11,081 shares during the period. Tyler Stone Wealth Management’s holdings in FirstEnergy were worth $1,012,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Balanced Wealth Group LLC increased its holdings in FirstEnergy by 0.9% in the 3rd quarter. Balanced Wealth Group LLC now owns 26,741 shares of the utilities provider’s stock worth $1,186,000 after acquiring an additional 241 shares during the last quarter. Sachetta LLC boosted its position in FirstEnergy by 36.0% during the second quarter. Sachetta LLC now owns 929 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 246 shares during the period. Commonwealth Financial Services LLC increased its stake in shares of FirstEnergy by 4.4% in the second quarter. Commonwealth Financial Services LLC now owns 5,869 shares of the utilities provider’s stock worth $226,000 after purchasing an additional 249 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of FirstEnergy by 0.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 44,441 shares of the utilities provider’s stock valued at $1,701,000 after purchasing an additional 310 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of FirstEnergy by 16.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,243 shares of the utilities provider’s stock valued at $87,000 after buying an additional 312 shares in the last quarter. 89.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FE has been the subject of a number of recent research reports. Scotiabank lifted their price objective on shares of FirstEnergy from $40.00 to $45.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Barclays lifted their price target on FirstEnergy from $40.00 to $46.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Seaport Res Ptn cut FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Morgan Stanley lifted their target price on FirstEnergy from $48.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Finally, Jefferies Financial Group started coverage on shares of FirstEnergy in a report on Monday, October 14th. They issued a “hold” rating and a $46.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $46.00.

FirstEnergy Price Performance

FE traded up $0.31 during trading on Friday, reaching $41.54. The stock had a trading volume of 2,812,948 shares, compared to its average volume of 2,894,702. The business has a 50-day moving average of $43.42 and a 200-day moving average of $41.22. FirstEnergy Corp. has a one year low of $34.92 and a one year high of $44.97. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.56. The stock has a market cap of $23.94 billion, a PE ratio of 26.80, a PEG ratio of 2.23 and a beta of 0.51.

FirstEnergy (NYSE:FE) last announced its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $0.85 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.05). The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.96 billion. FirstEnergy had a net margin of 6.64% and a return on equity of 11.38%. FirstEnergy’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 earnings per share. As a group, equities research analysts anticipate that FirstEnergy Corp. will post 2.69 EPS for the current fiscal year.

FirstEnergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 7th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 4.09%. The ex-dividend date is Thursday, November 7th. FirstEnergy’s dividend payout ratio is presently 109.68%.

About FirstEnergy

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.