Is Firstenergy Corporation (NYSE:FE) a Buy? The Stock Reported more Sellers

May 26, 2018 - By Clifton Ray

FirstEnergy Corp. (NYSE:FE) Logo

Investors sentiment increased to 1.18 in Q4 2017. Its up 0.05, from 1.13 in 2017Q3. It increased, as 34 investors sold FirstEnergy Corp. shares while 157 reduced holdings. 60 funds opened positions while 166 raised stakes. 369.63 million shares or 2.53% more from 360.52 million shares in 2017Q3 were reported.
Causeway Ltd Liability Corp reported 0.71% of its portfolio in FirstEnergy Corp. (NYSE:FE). Ellington Management Group Lc holds 0.14% in FirstEnergy Corp. (NYSE:FE) or 27,100 shares. Moreover, Goldentree Asset Mgmt L P has 1.59% invested in FirstEnergy Corp. (NYSE:FE) for 477,107 shares. Stratos Wealth Ptnrs Limited reported 23,632 shares. 608,644 were reported by Robeco Institutional Asset Mngmt Bv. State Of Wisconsin Inv Board, Wisconsin-based fund reported 619,770 shares. Century Cos accumulated 0.1% or 3.18M shares. Moreover, Evercore Wealth Management Limited Co has 0% invested in FirstEnergy Corp. (NYSE:FE). Northwestern Mutual Wealth holds 0.01% in FirstEnergy Corp. (NYSE:FE) or 26,530 shares. Vident Inv Advisory Limited Liability Corporation holds 23,387 shares. Bankshares Of Montreal Can has invested 0.02% of its portfolio in FirstEnergy Corp. (NYSE:FE). 1,819 are held by Mondrian Investment Ptnrs Ltd. Symons Capital Mgmt owns 324,783 shares or 2.83% of their US portfolio. Toronto Dominion Bancorp reported 0.02% in FirstEnergy Corp. (NYSE:FE). Chevy Chase Trust Hldg Incorporated holds 0.07% or 501,571 shares in its portfolio.

The stock of Firstenergy Corporation (NYSE:FE) registered an increase of 4.06% in short interest. FE’s total short interest was 33.60M shares in May as published by FINRA. Its up 4.06% from 32.29M shares, reported previously. With 5.14M shares average volume, it will take short sellers 7 days to cover their FE’s short positions. The short interest to Firstenergy Corporation’s float is 7.57%.

The stock increased 0.47% or $0.16 during the last trading session, reaching $34.1. About 2.18 million shares traded. FirstEnergy Corp. (NYSE:FE) has risen 10.00% since May 26, 2017 and is uptrending. It has underperformed by 1.55% the S&P500.

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company has market cap of $16.26 billion. The firm operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services divisions. It currently has negative earnings. It owns and operates coal-fired, nuclear, hydroelectric, oil and natural gas, wind, and solar power generating facilities.

FirstEnergy Corp. (NYSE:FE) Ratings Coverage

Among 8 analysts covering FirstEnergy (NYSE:FE), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. FirstEnergy had 14 analyst reports since January 2, 2018 according to SRatingsIntel. Guggenheim maintained the shares of FE in report on Tuesday, January 2 with “Buy” rating. Morgan Stanley maintained it with “Overweight” rating and $35 target in Tuesday, February 13 report. Citigroup maintained FirstEnergy Corp. (NYSE:FE) on Tuesday, January 30 with “Neutral” rating. The rating was maintained by RBC Capital Markets with “Hold” on Monday, April 23. The company was upgraded on Monday, May 7 by Mizuho. RBC Capital Markets maintained FirstEnergy Corp. (NYSE:FE) rating on Thursday, February 1. RBC Capital Markets has “Hold” rating and $35.0 target. The rating was maintained by Morgan Stanley with “Overweight” on Monday, April 16. On Tuesday, January 30 the stock rating was maintained by Mizuho with “Hold”. Morgan Stanley maintained FirstEnergy Corp. (NYSE:FE) rating on Tuesday, April 24. Morgan Stanley has “Overweight” rating and $38 target. Bank of America upgraded it to “Buy” rating and $36.0 target in Friday, January 26 report.

Another recent and important FirstEnergy Corp. (NYSE:FE) news was published by Seekingalpha.com which published an article titled: “FirstEnergy laments results of latest PJM capacity auction” on May 24, 2018.

FirstEnergy Corp. (NYSE:FE) Institutional Positions Chart

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