FirstEnergy Corp. (FE) : Exxonmobil Investment Management Inc Tx reduced its stake in FirstEnergy Corp. by 1.25% during the most recent quarter end. The investment management company now holds a total of 108,568 shares of FirstEnergy Corp. which is valued at $3,400,350 after selling 1,369 shares in FirstEnergy Corp. , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.FirstEnergy Corp. makes up approximately 0.07% of Exxonmobil Investment Management Inc Tx’s portfolio.
Other Hedge Funds, Including , Pure Financial Advisors boosted its stake in FE in the latest quarter, The investment management firm added 146 additional shares and now holds a total of 13,442 shares of FirstEnergy Corp. which is valued at $421,003. FirstEnergy Corp. makes up approx 0.14% of Pure Financial Advisors’s portfolio.First American Trust Fsb reduced its stake in FE by selling 1,527 shares or 1.79% in the most recent quarter. The Hedge Fund company now holds 84,014 shares of FE which is valued at $2,637,199. FirstEnergy Corp. makes up approx 0.83% of First American Trust Fsb’s portfolio.Chevy Chase Trust Holdings boosted its stake in FE in the latest quarter, The investment management firm added 18,115 additional shares and now holds a total of 491,537 shares of FirstEnergy Corp. which is valued at $15,429,346. FirstEnergy Corp. makes up approx 0.08% of Chevy Chase Trust Holdings’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in FE by selling 103,484 shares or 41.92% in the most recent quarter. The Hedge Fund company now holds 143,370 shares of FE which is valued at $4,500,384. FirstEnergy Corp. makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.Eqis Capital Management boosted its stake in FE in the latest quarter, The investment management firm added 2,280 additional shares and now holds a total of 11,443 shares of FirstEnergy Corp. which is valued at $359,196. FirstEnergy Corp. makes up approx 0.02% of Eqis Capital Management’s portfolio.
FirstEnergy Corp. closed down -0.15 points or -0.48% at $31.32 with 35,72,729 shares getting traded on Friday. Post opening the session at $31.68, the shares hit an intraday low of $31.32 and an intraday high of $31.95 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, FirstEnergy Corp. reported $0.53 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.54.Analysts expectations of $ 3585.29.During the same quarter in the previous year, the company posted $0.53 EPS.
Investors should note that on Sep 20, 2016, FirstEnergy Corp. announced a cash dividend of $0.3600. The company’s management has announced Nov 3, 2016 as the ex-dividend date and fixed the record date on Nov 7, 2016. The payable date has been fixed on Dec 1, 2016.
Many Wall Street Analysts have commented on FirstEnergy Corp.. FirstEnergy Corp. was Upgraded by Morgan Stanley to ” Overweight” on Aug 8, 2016. FirstEnergy Corp. was Downgraded by Goldman to ” Sell” on Jul 26, 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.