Formulafolio Investments buys $594,076 stake in FirstEnergy Corp. (FE)

FirstEnergy Corp. (FE) : Formulafolio Investments scooped up 3,932 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 18,068 shares of FirstEnergy Corp. which is valued at $594,076.FirstEnergy Corp. makes up approximately 0.10% of Formulafolio Investments’s portfolio.

Other Hedge Funds, Including , Chicago Partners Investment Group boosted its stake in FE in the latest quarter, The investment management firm added 11 additional shares and now holds a total of 1,044 shares of FirstEnergy Corp. which is valued at $34,327. FirstEnergy Corp. makes up approx 0.02% of Chicago Partners Investment Group’s portfolio.Gsa Capital Partners Llp boosted its stake in FE in the latest quarter, The investment management firm added 5,598 additional shares and now holds a total of 11,429 shares of FirstEnergy Corp. which is valued at $370,642. FirstEnergy Corp. makes up approx 0.02% of Gsa Capital Partners Llp’s portfolio.Hudock Capital Group boosted its stake in FE in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 2,133 shares of FirstEnergy Corp. which is valued at $70,517. FirstEnergy Corp. makes up approx 0.04% of Hudock Capital Group’s portfolio.Candriam Luxembourg S.c.a. boosted its stake in FE in the latest quarter, The investment management firm added 117,144 additional shares and now holds a total of 129,766 shares of FirstEnergy Corp. which is valued at $4,567,763. FirstEnergy Corp. makes up approx 0.12% of Candriam Luxembourg S.c.a.’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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