LSV Asset Management lowered its holdings in FirstEnergy Corp. (NYSE:FE) by 26.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,075,390 shares of the utilities provider’s stock after selling 4,682,305 shares during the period. FirstEnergy makes up 0.9% of LSV Asset Management’s holdings, making the stock its 22nd biggest holding. LSV Asset Management’s holdings in FirstEnergy were worth $490,980,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of FE. FMR LLC raised its position in FirstEnergy by 8.2% in the second quarter. FMR LLC now owns 9,285,489 shares of the utilities provider’s stock valued at $333,442,000 after purchasing an additional 703,852 shares during the period. Schroder Investment Management Group raised its position in FirstEnergy by 11.8% in the second quarter. Schroder Investment Management Group now owns 132,378 shares of the utilities provider’s stock valued at $4,791,000 after purchasing an additional 13,969 shares during the period. World Asset Management Inc raised its position in FirstEnergy by 5.3% in the third quarter. World Asset Management Inc now owns 31,834 shares of the utilities provider’s stock valued at $1,183,000 after purchasing an additional 1,616 shares during the period. Bank of Montreal Can raised its position in FirstEnergy by 9.8% in the third quarter. Bank of Montreal Can now owns 705,256 shares of the utilities provider’s stock valued at $26,215,000 after purchasing an additional 63,208 shares during the period. Finally, Winslow Evans & Crocker Inc. purchased a new stake in FirstEnergy in the third quarter valued at $114,000. Institutional investors own 93.86% of the company’s stock.

In other news, EVP James F. Pearson sold 40,000 shares of FirstEnergy stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $37.87, for a total value of $1,514,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.27% of the company’s stock.

Shares of NYSE FE opened at $39.42 on Monday. FirstEnergy Corp. has a twelve month low of $30.71 and a twelve month high of $39.88. The company has a quick ratio of 0.41, a current ratio of 0.45 and a debt-to-equity ratio of 2.44. The firm has a market capitalization of $20.20 billion, a PE ratio of 12.84, a PEG ratio of 2.58 and a beta of 0.27.

FE has been the topic of a number of research analyst reports. Morgan Stanley set a $38.00 target price on FirstEnergy and gave the company a “buy” rating in a research report on Thursday, December 20th. Zacks Investment Research upgraded FirstEnergy from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Friday, January 11th. Bank of America lifted their target price on FirstEnergy from $39.00 to $41.00 and gave the company a “buy” rating in a research report on Monday, October 29th. Finally, Barclays lifted their target price on FirstEnergy from $39.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, November 19th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $40.00.

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About FirstEnergy

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates coal-fired, nuclear, hydroelectric, oil and natural gas, wind, and solar power generating facilities.

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Institutional Ownership by Quarter for FirstEnergy (NYSE:FE)

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