BB&T Securities LLC Trims Holdings in FirstEnergy Corporation (FE)

NGAM Advisors L.P. now owns 37,139 shares of the utilities provider's stock worth $1,083,000 after buying an additional 464 shares during the last quarter. Ffcm LLC's holdings in FirstEnergy Corp. were worth $509,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE grew its holdings in shares of FirstEnergy by 15.1% during the 2nd quarter. RDL Financial Inc. now owns 64,240 shares of the utilities provider's stock worth $2,125,000 after buying an additional 50,477 shares during the last quarter. Strs Ohio grew its holdings in shares of FirstEnergy by 11.3% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 6,071,635 shares of the utilities provider's stock worth $177,049,000 after buying an additional 1,148,955 shares in the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of FirstEnergy by 0.6% during the 2nd quarter. BlackRock Inc. now owns 44,045,492 shares of the utilities provider's stock worth $1,284,363,000 after buying an additional 5,369,241 shares in the last quarter. Finally, RDL Financial Inc. boosted its stake in FirstEnergy Corp.by 366.8% in the third quarter. Oppenheimer Asset Management Inc. raised its stake in shares of FirstEnergy by 32.0% during the second quarter.

Shares of FirstEnergy Corporation (FE) traded down $0.23 during midday trading on Wednesday, hitting $32.35. The company's stock had a trading volume of 2,940,061 shares. FirstEnergy Corporation has a 52 week low of $27.93 and a 52 week high of $35.22.

The stock's current distance from 20-Day Simple Moving Average (SMA20) is -4.72% where SMA50 and SMA200 are -0.88% and 3.6% respectively. BMO Capital Markets initiated the shares of FE in report on Thursday, January 14 with "Underperform" rating.

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(NYSE:FE) last released its quarterly earnings results on Thursday, April 27th. The utilities provider reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.11.

FirstEnergy Corp. had a positive return on equity of 10.06% and a negative net margin of 4.12%. The company had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.64 billion. During the same quarter in the previous year, the business earned $0.90 earnings per share. research analysts anticipate that FirstEnergy Corporation will post 3 earnings per share for the current fiscal year. Also, the equity price jumped 0.18% % in three months, taking the six-month increase to 12.11% as of recent close. Investors of record on Tuesday, November 7th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.45%. FirstEnergy's dividend payout ratio is -12.31%.

In the transaction dated March 14, 2016, the great number of shares acquired came courtesy the Sr VP & President FE Utilities; Strah Steven E added a total of 560 shares at an average price of $35.59, amounting to approximately $19,930. Morgan Stanley lowered their price objective on FirstEnergy Corp. from $40.00 to $39.00 and set an "overweight" rating on the stock in a research note on Monday, May 8th. Citigroup maintained the shares of FE in report on Tuesday, October 17 with "Neutral" rating. They issued a "neutral" rating and a $34.00 price target on the stock. Mizuho reaffirmed a "hold" rating and issued a $30.50 price objective on shares of FirstEnergy in a research report on Tuesday, October 24th. The firm earned "Hold" rating on Tuesday, September 5 by Jefferies. 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. Commonwealth Of Pennsylvania Pub School Empls Retrmt reported 0.01% of its portfolio in FirstEnergy Corp. If you are accessing this piece on another website, it was copied illegally and reposted in violation of United States and worldwide copyright and trademark legislation.

Moreover, Wells Fargo And Mn has 0.01% invested in FirstEnergy Corp. The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries. The firm operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services divisions. As of December 31, 2016, the Regulated Distribution segment distributed electricity through the Company's 10 utility operating companies, serving approximately six million customers, and purchased power for its provider of last resort (POLR), standard offer service (SOS), standard offer service (SSO) and default service requirements in Ohio, Pennsylvania, New Jersey and Maryland. Hedge funds and other institutional investors own 74.16% of the company's stock.

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