The Ffcm LLC Has $509000 Stake in FirstEnergy Corp. (FE)

Lloyd Doyle
December 7, 2017

A number of other large investors have also recently made changes to their positions in the stock. It fall, as 45 investors sold FirstEnergy Corp. shares while 146 reduced holdings. NGAM Advisors L.P. now owns 37,139 shares of the utilities provider's stock valued at $1,083,000 after purchasing an additional 464 shares during the last quarter. Accurate Investment Solutions Inc. now owns 5,493 shares of the utilities provider's stock worth $170,000 after purchasing an additional 4,860 shares during the last quarter. Finally, Achmea Investment Management B.V. raised its position in shares of FirstEnergy by 186.4% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 85,731 shares of the utilities provider's stock valued at $2,500,000 after purchasing an additional 476 shares during the last quarter. Finally, Deutsche Bank raised shares of FirstEnergy from a "hold" rating to a "buy" rating in a report on Tuesday, October 17th. Patriot Financial Group Insurance Agency LLC now owns 3,633 shares of the utilities provider's stock valued at $106,000 after buying an additional 658 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of FirstEnergy by 23.4% in the 2nd quarter. US Bancorp DE now owns 29,153 shares of the utilities provider's stock valued at $850,000 after purchasing an additional 3,825 shares during the last quarter.

Ffcm LLC cut its position in shares of FirstEnergy Corp. The fund owned 15,996 shares of the utilities provider's stock after selling 21 shares during the period. BB&T Securities LLC's holdings in FirstEnergy were worth $1,995,000 as of its most recent filing with the Securities and Exchange Commission. The Stock has its 52-week High of $35.22 and 52-Week Low of $27.93 and it touched its 52-week high on 11/15/17 and 52-Week Low on 05/19/17.

Shares of FirstEnergy Corporation (FE) traded down $0.23 during trading hours on Wednesday, hitting $32.35. 5,046,000 shares of the company traded hands, compared to its average volume of 4,266,064. FirstEnergy Corp. The company's market capitalization is $13.04 billion.

Utilities firm having consistently found support above its 200 MA and has been building up to build new supports, at this point FirstEnergy Corp. continues to bounce off of the 200-day MA finding underlying strength at $31.16.

FirstEnergy Corp. had a positive return on equity of 10.06% and a negative net margin of 4.12%.

FirstEnergy (NYSE:FE) last issued its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.86 by $0.11. The business had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.72 billion.


Jonathan Barrett increased its stake in Firstenergy Corp (FE) by 4051.57% based on its latest 2017Q2 regulatory filing with the SEC. Axa reported 13,461 shares or 0% of all its holdings. Equities analysts forecast that FirstEnergy Corp. will post $2.80 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, May 5th will be issued a $0.36 dividend. (NYSE:FE) were released by: Prnewswire.com and their article: "FirstEnergy Foundation Will Surprise 132 Deserving Community Organizations as ..." published on December 04, 2017 as well as Post-Gazette.com's news article titled: "Injured workers, widows sue FirstEnergy over fatal power plant incident" with publication date: November 17, 2017. This represents a $1.44 annualized dividend and a dividend yield of 4.45%.

FirstEnergy Corp. (NYSE:FE) now has a Weekly Volatility of 2.32% percent while its Monthly Volatility is at 1.81% percent.

Several equities analysts recently commented on FE shares. Morgan Stanley set a $39.00 target price on shares of FirstEnergy and gave the stock a "buy" rating in a research note on Thursday, August 10th. Evercore upgraded the shares of FE in report on Tuesday, October 18 to "Buy" rating. J P Morgan Chase & Co set a $34.00 price target on FirstEnergy and gave the stock a "hold" rating in a research note on Thursday, October 12th. ValuEngine cut shares of FirstEnergy from a "buy" rating to a "hold" rating in a research note on Tuesday, September 12th. They issued a "neutral" rating and a $34.00 price objective on the stock.

Institutional investors now hold around $12.41 billion or 84.2% in FE stock. While for the Next 5 years, the company could expect a growth of -7.29% per annum, whereas in the past Five years FirstEnergy Corp.

Other reports by Iphone Fresh

Discuss This Article

FOLLOW OUR NEWSPAPER