FirstEnergy Corp. (FE) Stake Boosted by Keybank National Association OH

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Keybank National Association OH boosted its holdings in FirstEnergy Corp. (NYSE:FE) by 54.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 54,943 shares of the utilities provider’s stock after acquiring an additional 19,467 shares during the period. Keybank National Association OH’s holdings in FirstEnergy were worth $2,063,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wells Fargo & Company MN grew its holdings in FirstEnergy by 290.3% during the third quarter. Wells Fargo & Company MN now owns 4,304,504 shares of the utilities provider’s stock worth $159,998,000 after acquiring an additional 3,201,774 shares during the period. Vanguard Group Inc grew its holdings in FirstEnergy by 4.4% during the third quarter. Vanguard Group Inc now owns 58,780,161 shares of the utilities provider’s stock worth $2,184,859,000 after acquiring an additional 2,480,578 shares during the period. Vanguard Group Inc. grew its holdings in FirstEnergy by 4.4% during the third quarter. Vanguard Group Inc. now owns 58,780,161 shares of the utilities provider’s stock worth $2,184,859,000 after acquiring an additional 2,480,578 shares during the period. BlackRock Inc. grew its holdings in FirstEnergy by 2.4% during the third quarter. BlackRock Inc. now owns 58,738,683 shares of the utilities provider’s stock worth $2,183,318,000 after acquiring an additional 1,352,890 shares during the period. Finally, Luminus Management LLC acquired a new position in FirstEnergy during the third quarter worth about $49,192,000. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on FE shares. Morgan Stanley set a $38.00 price objective on FirstEnergy and gave the stock a “buy” rating in a research report on Thursday, December 20th. Zacks Investment Research lowered FirstEnergy from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd. Bank of America raised their price objective on FirstEnergy from $39.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday, October 29th. Finally, Barclays lifted their price target on FirstEnergy from $39.00 to $40.00 and gave the company a “hold” rating in a report on Monday, November 19th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $40.00.

Shares of NYSE FE opened at $39.49 on Monday. The company has a current ratio of 0.45, a quick ratio of 0.41 and a debt-to-equity ratio of 2.44. The company has a market capitalization of $20.20 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 2.58 and a beta of 0.27. FirstEnergy Corp. has a 12 month low of $30.71 and a 12 month high of $39.88.

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

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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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