Voya Investment Management LLC Has $7.10 Million Holdings in FirstEnergy Corporation (FE)

Voya Investment Management LLC cut its holdings in FirstEnergy Corporation (NYSE:FE) by 24.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,316 shares of the utilities provider’s stock after selling 78,031 shares during the period. Voya Investment Management LLC owned about 0.05% of FirstEnergy Corporation worth $7,095,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC raised its stake in FirstEnergy Corporation by 22.1% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 3,633 shares of the utilities provider’s stock valued at $106,000 after buying an additional 658 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in FirstEnergy Corporation in the first quarter valued at $139,000. Sandy Spring Bank raised its stake in FirstEnergy Corporation by 1.3% in the second quarter. Sandy Spring Bank now owns 5,141 shares of the utilities provider’s stock valued at $150,000 after buying an additional 66 shares in the last quarter. City Holding Co. raised its stake in FirstEnergy Corporation by 8.2% in the second quarter. City Holding Co. now owns 5,261 shares of the utilities provider’s stock valued at $153,000 after buying an additional 400 shares in the last quarter. Finally, National Asset Management Inc. acquired a new stake in FirstEnergy Corporation in the first quarter valued at $252,000. Institutional investors own 79.97% of the company’s stock.

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FE has been the topic of a number of analyst reports. Morgan Stanley set a $38.00 price target on FirstEnergy Corporation and gave the company a “buy” rating in a research note on Tuesday, July 4th. ValuEngine upgraded FirstEnergy Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Zacks Investment Research upgraded FirstEnergy Corporation from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Monday, September 11th. Tudor Pickering upgraded FirstEnergy Corporation from a “trim” rating to a “hold” rating in a research note on Friday, July 14th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $33.00 price target (up from $31.00) on shares of FirstEnergy Corporation in a research note on Monday, July 31st. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $34.02.

FirstEnergy Corporation (FE) opened at 31.41 on Tuesday. The company’s market capitalization is $13.96 billion. The stock has a 50 day moving average of $31.75 and a 200 day moving average of $30.66. FirstEnergy Corporation has a 12-month low of $27.93 and a 12-month high of $34.83.

FirstEnergy Corporation (NYSE:FE) last posted its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.61 earnings per share for the quarter, meeting the consensus estimate of $0.61. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.38 billion. FirstEnergy Corporation had a negative net margin of 35.59% and a positive return on equity of 15.41%. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 EPS. On average, equities research analysts predict that FirstEnergy Corporation will post $2.81 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Monday, November 6th. FirstEnergy Corporation’s payout ratio is presently -12.31%.

FirstEnergy Corporation Company Profile

FirstEnergy Corp. is a holding company. The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries. Its segments include Regulated Distribution, Regulated Transmission, Competitive Energy Services (

Other institutional investors have also bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC raised its stake in FirstEnergy Corporation by 22.1% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 3,633 shares of the utilities provider’s stock valued at $106,000 after buying an additional 658 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in FirstEnergy Corporation in the first quarter valued at $139,000. Sandy Spring Bank raised its stake in FirstEnergy Corporation by 1.3% in the second quarter. Sandy Spring Bank now owns 5,141 shares of the utilities provider’s stock valued at $150,000 after buying an additional 66 shares in the last quarter. City Holding Co. raised its stake in FirstEnergy Corporation by 8.2% in the second quarter. City Holding Co. now owns 5,261 shares of the utilities provider’s stock valued at $153,000 after buying an additional 400 shares in the last quarter. Finally, National Asset Management Inc. acquired a new stake in FirstEnergy Corporation in the first quarter valued at $252,000. Institutional investors own 79.97% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The original version of this report can be read at https://ledgergazette.com/2017/10/10/voya-investment-management-llc-has-7-10-million-holdings-in-firstenergy-corporation-fe.html.

FE has been the topic of a number of analyst reports. Morgan Stanley set a $38.00 price target on FirstEnergy Corporation and gave the company a “buy” rating in a research note on Tuesday, July 4th. ValuEngine upgraded FirstEnergy Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Zacks Investment Research upgraded FirstEnergy Corporation from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Monday, September 11th. Tudor Pickering upgraded FirstEnergy Corporation from a “trim” rating to a “hold” rating in a research note on Friday, July 14th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $33.00 price target (up from $31.00) on shares of FirstEnergy Corporation in a research note on Monday, July 31st. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $34.02.

FirstEnergy Corporation (FE) opened at 31.41 on Tuesday. The company’s market capitalization is $13.96 billion. The stock has a 50 day moving average of $31.75 and a 200 day moving average of $30.66. FirstEnergy Corporation has a 12-month low of $27.93 and a 12-month high of $34.83.

FirstEnergy Corporation (NYSE:FE) last posted its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.61 earnings per share for the quarter, meeting the consensus estimate of $0.61. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.38 billion. FirstEnergy Corporation had a negative net margin of 35.59% and a positive return on equity of 15.41%. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 EPS. On average, equities research analysts predict that FirstEnergy Corporation will post $2.81 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Monday, November 6th. FirstEnergy Corporation’s payout ratio is presently -12.31%.

FirstEnergy Corporation Company Profile

FirstEnergy Corp. is a holding company. The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries. Its segments include Regulated Distribution, Regulated Transmission, Competitive Energy Services (CES) and Corporate/Other. As of December 31, 2016, the Regulated Distribution segment distributed electricity through the Company’s 10 utility operating companies, serving approximately six million customers, and purchased power for its provider of last resort (POLR), standard offer service (SOS), standard offer service (SSO) and default service requirements in Ohio, Pennsylvania, New Jersey and Maryland.

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Institutional Ownership by Quarter for FirstEnergy Corporation (NYSE:FE)

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