Santa Fe Partners buys $3,473,997 stake in FirstEnergy Corp. (FE)

FirstEnergy Corp. (FE) : Santa Fe Partners scooped up 9,273 additional shares in FirstEnergy Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 97,420 shares of FirstEnergy Corp. which is valued at $3,473,997.FirstEnergy Corp. makes up approximately 0.57% of Santa Fe Partners’s portfolio.

FirstEnergy Corp. opened for trading at $35.57 and hit $35.89 on the upside on Monday, eventually ending the session at $35.85, with a gain of 0.53% or 0.19 points. The heightened volatility saw the trading volume jump to 25,05,621 shares. Company has a market cap of $15,188 M.

Other Hedge Funds, Including , Carnegie Capital Asset Management boosted its stake in FE in the latest quarter, The investment management firm added 19,405 additional shares and now holds a total of 40,398 shares of FirstEnergy Corp. which is valued at $1,440,593. FirstEnergy Corp. makes up approx 0.22% of Carnegie Capital Asset Management’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in FE in the latest quarter, The investment management firm added 12,668 additional shares and now holds a total of 83,096 shares of FirstEnergy Corp. which is valued at $2,963,203. FirstEnergy Corp. makes up approx 0.07% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio. Trust Co added FE to its portfolio by purchasing 112 company shares during the most recent quarter which is valued at $3,960.Chevy Chase Trust Holdings boosted its stake in FE in the latest quarter, The investment management firm added 25,584 additional shares and now holds a total of 455,089 shares of FirstEnergy Corp. which is valued at $16,091,947. FirstEnergy Corp. makes up approx 0.09% of Chevy Chase Trust Holdings’s portfolio. First American Trust Fsb added FE to its portfolio by purchasing 93,037 company shares during the most recent quarter which is valued at $3,289,788. FirstEnergy Corp. makes up approx 1.16% of First American Trust Fsb’s portfolio.

On the company’s financial health, FirstEnergy Corp. reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 16, 2016. Analyst had a consensus of $0.57.Analysts expectations of $ 3533.38.During the same quarter in the previous year, the company posted $0.80 EPS.

Investors should note that on Mar 15, 2016, FirstEnergy Corp. announced a cash dividend of $0.3600. The company’s management has announced May 4, 2016 as the ex-dividend date and fixed the record date on May 6, 2016. The payable date has been fixed on Jun 1, 2016.

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 10 utility operating companies serving customers within 65000 square miles of Ohio Pennsylvania West Virginia Maryland New Jersey and New York. The Regulated Transmission segment transmits electricity through transmission facilities. The CES segment supplies electricity to end-use customers through retail and wholesale arrangements including retail sales to customers in Ohio Pennsylvania Illinois Michigan New Jersey and Maryland. The Company’s principal subsidiaries include Ohio Edison Company The Cleveland Electric Illuminating Company The Toledo Edison Company Metropolitan Edison Company Pennsylvania Electric Company FirstEnergy Service Company FirstEnergy Solutions Corp. Allegheny Energy Supply Company LLC among others.

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