FirstEnergy Corporation (NYSE:FE) is expected to pay $0.36 on Dec 1, 2016. The indicated annual dividend is $1.44. Shareholders owning the stock before Nov 3, 2016 will be eligible to receive the payout. Based on FirstEnergy Corporation’s current price of $33.47, the dividend is 1.08%. This dividend’s record date is Nov 7, 2016 and the announcement date is Sep 20, 2016. The stock decreased 2.39% or $0.82 during the last trading session, hitting $33.47. FirstEnergy Corp. (NYSE:FE) has declined 6.95% since March 31, 2016 and is downtrending. It has underperformed by 9.47% the S&P500.
FirstEnergy Corp. is a holding company. The company has a market cap of $14.37 billion. The Firm operates through three divisions: Regulated Distribution, Regulated Transmission and Competitive Energy Services . It currently has negative earnings. The Regulated Distribution segment distributes electricity through its approximately 10 utility operating companies.
Insitutional Activity: The institutional sentiment decreased to 1.32 in 2016 Q2. Its down 0.24, from 1.56 in 2016Q1. The ratio turned negative, as 46 funds sold all FirstEnergy Corp. shares owned while 138 reduced positions. 52 funds bought stakes while 190 increased positions. They now own 314.64 million shares or 1.02% less from 317.87 million shares in 2016Q1.
Commonwealth State Bank Of Aus reported 50,685 shares or 0.02% of all its holdings. Benjamin F Edwards Incorporated last reported 700 shares in the company. Meeder Asset Mgmt Inc has invested 0.12% of its portfolio in FirstEnergy Corp. (NYSE:FE). Texan Mngmt has 0.63% invested in the company for 39,091 shares. California Public Employees Retirement last reported 1.40M shares in the company. Advsr Asset Mngmt has 0.08% invested in the company for 143,853 shares. Capital Investment Advsrs reported 14,146 shares or 0.05% of all its holdings. The Ohio-based Camelot Portfolios Lc has invested 0.5% in FirstEnergy Corp. (NYSE:FE). Joel Isaacson & reported 20,667 shares or 0.15% of all its holdings. Fort Washington Invest Oh last reported 57,121 shares in the company. Gulf Interest Fincl Bank (Uk) Limited has 124,769 shares for 0.07% of their US portfolio. Janney Montgomery Scott Ltd Llc holds 0.03% or 53,412 shares in its portfolio. Macquarie Group owns 113,543 shares or 0.01% of their US portfolio. Metropolitan Life Ny, a New York-based fund reported 221,468 shares. Private Advisor has 0.02% invested in the company for 11,450 shares.
FirstEnergy Corp. (NYSE:FE) Ratings Coverage
Out of 15 analysts covering FirstEnergy (NYSE:FE), 5 rate it a “Buy”, 4 “Sell”, while 6 “Hold”. This means 33% are positive. FirstEnergy has been the topic of 37 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Goldman Sachs downgraded it to “Sell” rating and $31 target price in Tuesday, July 26 report. The company was maintained on Monday, May 9 by Barclays Capital. Evercore upgraded the stock to “Buy” rating in Tuesday, October 18 report. The firm has “Sector Perform” rating given on Friday, November 6 by RBC Capital Markets. The stock of FirstEnergy Corp. (NYSE:FE) earned “Underperform” rating by BMO Capital Markets on Thursday, January 14. The rating was maintained by UBS on Tuesday, October 18 with “Neutral”. The stock of FirstEnergy Corp. (NYSE:FE) earned “Neutral” rating by Goldman Sachs on Monday, October 19. Deutsche Bank upgraded FirstEnergy Corp. (NYSE:FE) on Tuesday, October 25 to “Buy” rating. On Thursday, October 13 the stock rating was upgraded by Barclays Capital to “Overweight”. The stock of FirstEnergy Corp. (NYSE:FE) earned “Neutral” rating by Citigroup on Tuesday, October 18.
More recent FirstEnergy Corp. (NYSE:FE) news were published by: Prnewswire.com which released: “FirstEnergy to Webcast Third Quarter Earnings Teleconference” on October 27, 2016. Also Crainscleveland.com published the news titled: “FirstEnergy Corp. gets a bailout, but not the one it was hoping for” on October 12, 2016. Crainscleveland.com‘s news article titled: “FirstEnergy Corp. sends nearly 400 people to Florida to help with power …” with publication date: October 07, 2016 was also an interesting one.
FE Company Profile
FirstEnergy Corp., incorporated on September 17, 1996, is a holding company. The Firm operates through three divisions: Regulated Distribution, Regulated Transmission and Competitive Energy Services (CES). The Firm and its subsidiaries are involved in the generation, transmission and distribution of electricity. The Company’s approximately 10 utility operating companies comprise investor-owned electric systems, serving over six million clients in the Midwest and Mid-Atlantic regions. The Company’s generation subsidiaries control approximately 17,000 megawatts of capacity from a diverse mix of non-emitting nuclear, scrubbed coal, natural gas, hydroelectric and other renewables. The Company’s transmission activities include approximately 24,000 miles of lines and approximately two regional transmission operation centers.
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