Flippin Bruce Porter Inc buys $7,019,025 stake in FirstEnergy Corp. (FE)

FirstEnergy Corp. (FE) : Flippin Bruce Porter Inc scooped up 9,324 additional shares in FirstEnergy Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 213,474 shares of FirstEnergy Corp. which is valued at $7,019,025.FirstEnergy Corp. makes up approximately 1.97% of Flippin Bruce Porter Inc’s portfolio.

Other Hedge Funds, Including , Norinchukin Bank The reduced its stake in FE by selling 10,564 shares or 16.63% in the most recent quarter. The Hedge Fund company now holds 52,977 shares of FE which is valued at $1,741,884. FirstEnergy Corp. makes up approx 0.04% of Norinchukin Bank The’s portfolio. Alexandria Capital added FE to its portfolio by purchasing 1,870 company shares during the most recent quarter which is valued at $60,644. FirstEnergy Corp. makes up approx 0.01% of Alexandria Capital’s portfolio.Ftb Advisors boosted its stake in FE in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 1,478 shares of FirstEnergy Corp. which is valued at $51,612. FirstEnergy Corp. makes up approx 0.01% of Ftb Advisors’s portfolio.Savant Capital boosted its stake in FE in the latest quarter, The investment management firm added 763 additional shares and now holds a total of 8,105 shares of FirstEnergy Corp. which is valued at $283,027. FirstEnergy Corp. makes up approx 0.08% of Savant Capital’s portfolio.

FirstEnergy Corp. closed down -0.23 points or -0.69% at $32.89 with 34,05,926 shares getting traded on Monday. Post opening the session at $33.07, the shares hit an intraday low of $32.88 and an intraday high of $33.35 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, FirstEnergy Corp. reported $0.53 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.54.Analysts expectations of $ 3585.29.During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on FirstEnergy Corp.. FirstEnergy Corp. was Upgraded by Morgan Stanley to ” Overweight” on Aug 8, 2016. FirstEnergy Corp. was Downgraded by Goldman to ” Sell” on Jul 26, 2016.

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.

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