Today, Exxonmobil Investment Management Inc. TX Reached $3,591,000 position of FirstEnergy Corp. (FE)

Today, Exxonmobil Investment Management Inc. TX Reached $3,591,000 position  of FirstEnergy Corp. (FE)

Exxonmobil Investment Management Inc. TX lowered its stake in FirstEnergy Corp. (NYSE:FE) by 1.2% during the third quarter, Holdings Channel reports. The institutional investor owned 108,568 shares of the company’s stock after selling 1,369 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in FirstEnergy Corp. were worth $3,591,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FE. State Street Corp raised its position in shares of FirstEnergy Corp. by 0.6% in the second quarter. State Street Corp now owns 33,057,350 shares of the company’s stock valued at $1,154,024,000 after buying an additional 190,218 shares during the last quarter. Vanguard Group Inc. raised its position in shares of FirstEnergy Corp. by 3.8% in the second quarter. Vanguard Group Inc. now owns 31,770,623 shares of the company’s stock valued at $1,109,112,000 after buying an additional 1,160,545 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of FirstEnergy Corp. by 2.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 11,253,971 shares of the company’s stock valued at $392,876,000 after buying an additional 216,273 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of FirstEnergy Corp. by 5.8% in the second quarter. BlackRock Fund Advisors now owns 10,622,822 shares of the company’s stock valued at $370,843,000 after buying an additional 583,660 shares during the last quarter. Finally, LSV Asset Management raised its position in shares of FirstEnergy Corp. by 2.2% in the second quarter. LSV Asset Management now owns 10,467,966 shares of the company’s stock valued at $365,436,000 after buying an additional 226,226 shares during the last quarter. 74.42% of the stock is currently owned by institutional investors.

FirstEnergy Corp. (NYSE:FE) traded up 1.40% during trading on Monday, reaching $32.59. 3,943,330 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $32.64 and its 200-day moving average price is $33.41. The company’s market capitalization is $13.87 billion. FirstEnergy Corp. has a 52-week low of $30.29 and a 52-week high of $36.60.

FirstEnergy Corp. (NYSE:FE) last announced its quarterly earnings results on Friday, November 4th. The company reported $0.90 EPS for the quarter, beating 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 posted $0.98 earnings per share. Equities analysts expect that FirstEnergy Corp. will post $2.64 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors 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 yield of 4.42%. FirstEnergy Corp.’s dividend payout ratio (DPR) is currently -100.70%.

Several brokerages have recently weighed in on FE. Tudor Pickering lowered shares of FirstEnergy Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, October 19th. Jefferies Group reiterated a “hold” rating and set a $34.00 price objective (down from $36.00) on shares of FirstEnergy Corp. in a report on Tuesday, October 18th. Evercore ISI upgraded shares of FirstEnergy Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, October 18th. Citigroup Inc. upgraded shares of FirstEnergy Corp. from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $29.00 to $31.00 in a report on Tuesday, October 18th. Finally, Bank of America Corp. upgraded shares of FirstEnergy Corp. from a “neutral” rating to a “buy” rating and cut their price target for the company from $41.00 to $40.00 in a report on Monday, August 8th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus 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.

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