XTX Topco Ltd Grows Stock Position in FirstEnergy Corp. (NYSE:FE)

XTX Topco Ltd raised its position in shares of FirstEnergy Corp. (NYSE:FE) by 69.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,516 shares of the utilities provider’s stock after buying an additional 22,659 shares during the period. XTX Topco Ltd’s holdings in FirstEnergy were worth $2,462,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Livelsberger Financial Advisory purchased a new position in FirstEnergy during the third quarter valued at $26,000. True Wealth Design LLC raised its position in shares of FirstEnergy by 4,571.4% in the 3rd quarter. True Wealth Design LLC now owns 654 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 640 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of FirstEnergy in the second quarter worth approximately $32,000. West Oak Capital LLC purchased a new stake in FirstEnergy during the 2nd quarter valued at $38,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in FirstEnergy in the 2nd quarter worth about $38,000. Hedge funds and other institutional investors own 89.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FE. JPMorgan Chase & Co. increased their price target on FirstEnergy from $45.00 to $46.00 and gave the company a “neutral” rating in a report on Friday, October 18th. KeyCorp reduced their price target on shares of FirstEnergy from $48.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday. Barclays raised their price objective on shares of FirstEnergy from $40.00 to $46.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Scotiabank upped their target price on shares of FirstEnergy from $40.00 to $45.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, Morgan Stanley lowered their target price on FirstEnergy from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $45.82.

FirstEnergy Stock Down 0.9 %

NYSE FE opened at $40.98 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 1.58. FirstEnergy Corp. has a 52 week low of $35.41 and a 52 week high of $44.97. The firm has a market capitalization of $23.61 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 2.23 and a beta of 0.51. The company has a fifty day moving average of $42.55 and a two-hundred day moving average of $41.55.

FirstEnergy (NYSE:FE) last released its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.05). FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the prior year, the firm posted $0.88 earnings per share. FirstEnergy’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts predict that FirstEnergy Corp. will post 2.68 earnings per share for the current year.

FirstEnergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th were issued a $0.425 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.70 annualized dividend and a dividend yield of 4.15%. FirstEnergy’s payout ratio is 109.68%.

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.