FirstEnergy Corp. (FE) : Pure Financial Advisors scooped up 142 additional shares in FirstEnergy Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 13, 2016. The investment management firm now holds a total of 13,296 shares of FirstEnergy Corp. which is valued at $484,506.FirstEnergy Corp. makes up approximately 0.16% of Pure Financial Advisors’s portfolio.
Other Hedge Funds, Including , Nn Investment Partners Holdings N.v. reduced its stake in FE by selling 8,789 shares or 20.86% in the most recent quarter. The Hedge Fund company now holds 33,338 shares of FE which is valued at $1,214,837. FirstEnergy Corp. makes up approx 0.01% of Nn Investment Partners Holdings N.v.’s portfolio.Chevy Chase Trust Holdings boosted its stake in FE in the latest quarter, The investment management firm added 18,333 additional shares and now holds a total of 473,422 shares of FirstEnergy Corp. which is valued at $17,052,660. FirstEnergy Corp. makes up approx 0.09% of Chevy Chase Trust Holdings’s portfolio. Iowa State Bank added FE to its portfolio by purchasing 591 company shares during the most recent quarter which is valued at $21,288. FirstEnergy Corp. makes up approx 0.01% of Iowa State Bank’s portfolio.
FirstEnergy Corp. opened for trading at $36.15 and hit $36.33 on the upside on Monday, eventually ending the session at $36.29, with a gain of 0.28% or 0.1 points. The heightened volatility saw the trading volume jump to 18,52,147 shares. Company has a market cap of $15,413 M.
On the company’s financial health, FirstEnergy Corp. reported $0.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.75. The company had revenue of $3900.00 million for the quarter, compared to analysts expectations of $3885.12 million. During the same quarter in the previous year, the company posted $0.62 EPS.
Many Wall Street Analysts have commented on FirstEnergy Corp.. Shares were Downgraded by RBC Capital Mkts on Apr 28, 2016 to ” Sector Perform” and Lowered the Price Target to $ 33 from a previous price target of $38 .FirstEnergy Corp. was Downgraded by Jefferies to ” Hold” on Apr 28, 2016. Shares were Reiterated by Deutsche Bank on Apr 25, 2016 to “Hold” and Lowered the Price Target to $ 37 from a previous price target of $39 .
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.