Cullen Frost Bankers Inc. lowered its holdings in FirstEnergy Corp. (NYSE:FE) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,775 shares of the utilities provider’s stock after selling 3,461 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in FirstEnergy were worth $1,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the company. IFP Advisors Inc raised its stake in shares of FirstEnergy by 3.6% in the third quarter. IFP Advisors Inc now owns 9,031 shares of the utilities provider’s stock worth $258,000 after purchasing an additional 315 shares during the last quarter. CWM LLC increased its position in FirstEnergy by 31.3% during the third quarter. CWM LLC now owns 1,469 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 350 shares during the last quarter. World Asset Management Inc increased its position in FirstEnergy by 1.9% during the fourth quarter. World Asset Management Inc now owns 19,777 shares of the utilities provider’s stock valued at $605,000 after acquiring an additional 360 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in FirstEnergy by 1.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,961 shares of the utilities provider’s stock valued at $946,000 after acquiring an additional 536 shares during the last quarter. Finally, Delta Asset Management LLC TN increased its position in FirstEnergy by 141.3% during the third quarter. Delta Asset Management LLC TN now owns 999 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 585 shares during the last quarter. Hedge funds and other institutional investors own 79.97% of the company’s stock.

A number of analysts recently commented on FE shares. Wells Fargo & Company cut FirstEnergy from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $31.00 to $32.00 in a research report on Wednesday, January 6th. Barclays upped their price target on FirstEnergy from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 18th. TheStreet upgraded FirstEnergy from a “c+” rating to a “b-” rating in a research report on Thursday, February 4th. Mizuho upped their price objective on FirstEnergy from $32.00 to $33.00 in a research note on Friday. Finally, Bank of America lowered FirstEnergy from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a research note on Friday, November 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $40.36.

Shares of NYSE FE opened at $33.88 on Tuesday. The business’s 50 day moving average price is $31.42 and its 200-day moving average price is $30.02. The company has a market cap of $18.38 billion, a price-to-earnings ratio of 25.10 and a beta of 0.20. FirstEnergy Corp. has a fifty-two week low of $22.85 and a fifty-two week high of $51.47. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.60 and a current ratio of 0.70.

FirstEnergy (NYSE:FE) last released its quarterly earnings data on Wednesday, February 17th. The utilities provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.15). FirstEnergy had a return on equity of 20.15% and a net margin of 6.64%. During the same period in the previous year, the company earned $0.55 EPS. Sell-side analysts predict that FirstEnergy Corp. will post 2.54 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 1st. Shareholders of record on Friday, February 5th will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, February 4th. This represents a $1.56 annualized dividend and a yield of 4.60%. FirstEnergy’s payout ratio is currently 60.47%.

FirstEnergy Company Profile

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

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Institutional Ownership by Quarter for FirstEnergy (NYSE:FE)

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