Todays Report: Today, BNP Paribas Arbitrage SA Sold shares of FirstEnergy Corp. (FE)

Today, BNP Paribas Arbitrage SA Sold shares of FirstEnergy Corp. (FE)

BNP Paribas Arbitrage SA decreased its position in shares of FirstEnergy Corp. (NYSE:FE) by 41.9% during the third quarter, Holdings Channel reports. The institutional investor owned 143,370 shares of the company’s stock after selling 103,484 shares during the period. BNP Paribas Arbitrage SA’s holdings in FirstEnergy Corp. were worth $4,743,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FE. Signature Estate & Investment Advisors LLC purchased a new position in shares of FirstEnergy Corp. during the second quarter worth approximately $126,000. FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in shares of FirstEnergy Corp. by 19.4% in the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 3,700 shares of the company’s stock worth $129,000 after buying an additional 600 shares during the period. Assetmark Inc. boosted its stake in shares of FirstEnergy Corp. by 1,112.0% in the second quarter. Assetmark Inc. now owns 4,048 shares of the company’s stock worth $141,000 after buying an additional 3,714 shares during the period. Checchi Capital Advisers LLC boosted its stake in shares of FirstEnergy Corp. by 6.6% in the second quarter. Checchi Capital Advisers LLC now owns 4,569 shares of the company’s stock worth $160,000 after buying an additional 281 shares during the period. Finally, City Holding Co. boosted its stake in shares of FirstEnergy Corp. by 19.2% in the second quarter. City Holding Co. now owns 4,861 shares of the company’s stock worth $170,000 after buying an additional 782 shares during the period. 74.53% of the stock is currently owned by hedge funds and other institutional investors.

FirstEnergy Corp. (NYSE:FE) traded up 2.06% during midday trading on Friday, reaching $32.14. The company’s stock had a trading volume of 2,063,216 shares. The company’s 50-day moving average is $32.64 and its 200 day moving average is $33.41. FirstEnergy Corp. has a 12-month low of $30.29 and a 12-month high of $36.60. The firm’s market cap is $13.68 billion.

FirstEnergy Corp. (NYSE:FE) last issued its earnings results on Friday, November 4th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.14. FirstEnergy Corp. had a positive return on equity of 10.06% and a negative net margin of 4.12%. During the same period in the previous year, the business earned $0.98 EPS. Equities analysts forecast that FirstEnergy Corp. will post $2.64 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.44 annualized dividend and a dividend yield of 4.48%. FirstEnergy Corp.’s dividend payout ratio (DPR) is -100.70%.

A number of equities analysts have weighed in on FE shares. Evercore ISI upgraded FirstEnergy Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, October 18th. Bank of America Corp. upgraded FirstEnergy Corp. from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $41.00 to $40.00 in a research note on Monday, August 8th. Deutsche Bank AG upgraded FirstEnergy Corp. from a “hold” rating to a “buy” rating and decreased their target price for the stock from $38.00 to $37.00 in a research note on Tuesday, October 25th. Vetr lowered FirstEnergy Corp. from a “strong-buy” rating to a “buy” rating and set a $35.82 target price on the stock. in a research note on Tuesday, November 15th. Finally, Jefferies Group set a $36.00 target price on FirstEnergy Corp. and gave the stock a “hold” rating in a research note on Wednesday, October 12th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. FirstEnergy Corp. has a consensus rating of “Hold” and an average price target of $36.19.

FirstEnergy Corp. Company Profile

FirstEnergy Corp. is a holding company. The Company operates through three segments: Regulated Distribution, Regulated Transmission and Competitive Energy Services (CES). The Regulated Distribution segment distributes electricity through its approximately 10 utility operating companies. The Regulated Transmission segment transmits electricity through transmission facilities.

Related posts

Leave a Comment