FirstEnergy Corp. (FE) : First American Trust Fsb added new position in FirstEnergy Corp. during the most recent quarter end. The investment management firm now holds 93,037 shares of FirstEnergy Corp. which is valued at $3.3 Million according to a report filed by the company on Apr 5, 2016 with the SEC.FirstEnergy Corp. makes up approximately 1.16% of First American Trust Fsb’s portfolio.
Other Hedge Funds, Including , Private Asset Management Inc added FE to its portfolio by purchasing 6,186 company shares during the most recent quarter which is valued at $218,737. FirstEnergy Corp. makes up approx 0.04% of Private Asset Management Inc’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. opened for trading at $35.33 and hit $35.81 on the upside on Monday, eventually ending the session at $35.36, with a gain of 0.68% or 0.24 points. The heightened volatility saw the trading volume jump to 36,86,213 shares. Company has a market cap of $14,980 M.
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.