New York State Common Retirement Fund Has $13.99 Million Holdings in FirstEnergy Corporation $FE

New York State Common Retirement Fund boosted its holdings in shares of FirstEnergy Corporation (NYSE:FE) by 7.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 305,401 shares of the utilities provider’s stock after purchasing an additional 22,000 shares during the period. New York State Common Retirement Fund owned 0.05% of FirstEnergy worth $13,993,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. State of Wyoming bought a new stake in shares of FirstEnergy during the second quarter worth $25,000. Capital Advisors Ltd. LLC grew its holdings in FirstEnergy by 186.4% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 676 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 440 shares during the last quarter. American National Bank & Trust grew its holdings in FirstEnergy by 380.2% during the 3rd quarter. American National Bank & Trust now owns 581 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 460 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in FirstEnergy in the 3rd quarter valued at about $27,000. Finally, TruNorth Capital Management LLC raised its stake in shares of FirstEnergy by 187.5% in the third quarter. TruNorth Capital Management LLC now owns 621 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 405 shares during the last quarter. Institutional investors own 89.41% of the company’s stock.

Analyst Ratings Changes

FE has been the topic of several research analyst reports. KeyCorp cut shares of FirstEnergy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 14th. Wells Fargo & Company decreased their price objective on FirstEnergy from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Barclays lowered their target price on FirstEnergy from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. Citigroup started coverage on FirstEnergy in a research note on Tuesday, October 7th. They set a “buy” rating and a $53.00 price target on the stock. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of FirstEnergy in a research report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.85.

FirstEnergy Stock Performance

FE stock opened at $47.03 on Tuesday. FirstEnergy Corporation has a twelve month low of $37.58 and a twelve month high of $48.20. The company has a quick ratio of 0.64, a current ratio of 0.75 and a debt-to-equity ratio of 1.80. The company has a market cap of $27.16 billion, a P/E ratio of 20.54, a price-to-earnings-growth ratio of 2.70 and a beta of 0.64. The business’s fifty day moving average is $45.64 and its 200-day moving average is $44.98.

FirstEnergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 6th will be issued a dividend of $0.445 per share. The ex-dividend date is Friday, February 6th. This represents a $1.78 dividend on an annualized basis and a yield of 3.8%. FirstEnergy’s dividend payout ratio (DPR) is 77.73%.

FirstEnergy Profile

FirstEnergy Corp. (NYSE: FE) is a U.S.-based electric utility holding company headquartered in Akron, Ohio. The company’s primary business is the delivery of electricity through its regulated transmission and distribution utilities, serving residential, commercial and industrial customers across parts of the Midwest and Mid?Atlantic. FirstEnergy’s service territory includes states such as Ohio, Pennsylvania, New Jersey, Maryland and West Virginia, and it operates primarily within the PJM regional transmission organization.

FirstEnergy’s core activities center on owning and operating electric distribution networks and transmission systems, maintaining and upgrading grid infrastructure, managing storm response and restoration, and offering customer programs that include energy efficiency and reliability services.