Nwq Investment Management Company LLC Cut Holding in Firstenergy Corp (FE) by $6.21 Million

FirstEnergy Corp. (NYSE:FE) LogoInvestors sentiment increased to 1.3 in Q1 2019. Its up 0.10, from 1.2 in 2018Q4. It is positive, as 26 investors sold FE shares while 158 reduced holdings. 72 funds opened positions while 168 raised stakes. 461.44 million shares or 3.48% more from 445.93 million shares in 2018Q4 were reported. Prudential owns 853,293 shares. Rare Ltd accumulated 1.40 million shares. Keybank Association Oh, Ohio-based fund reported 19,704 shares. Bokf Na holds 0.02% of its portfolio in FirstEnergy Corp. (NYSE:FE) for 17,509 shares. Scotia Incorporated reported 0.01% in FirstEnergy Corp. (NYSE:FE). Calamos Advsr Ltd Liability Corp owns 200,819 shares for 0.05% of their portfolio. Ontario Teachers Pension Plan Board owns 65,821 shares. Chevy Chase Tru has invested 0.09% of its portfolio in FirstEnergy Corp. (NYSE:FE). Strs Ohio accumulated 245,308 shares. Westover Cap Lc invested in 6,292 shares or 0.14% of the stock. Moody Bank Tru Division holds 0% or 401 shares in its portfolio. Barclays Public Limited holds 1.88 million shares or 0.05% of its portfolio. American Invest Services invested in 27,318 shares. Bnp Paribas Asset Mgmt Holdg reported 246,627 shares. Legal And General Public Ltd accumulated 5.75 million shares or 0.14% of the stock.

Nwq Investment Management Company Llc decreased its stake in Firstenergy Corp (FE) by 5.58% based on its latest 2019Q1 regulatory filing with the SEC. Nwq Investment Management Company Llc sold 151,358 shares as the company’s stock rose 4.82% . The institutional investor held 2.56M shares of the central company at the end of 2019Q1, valued at $106.48M, down from 2.71 million at the end of the previous reported quarter. Nwq Investment Management Company Llc who had been investing in Firstenergy Corp for a number of months, seems to be less bullish one the $24.97 billion market cap company. The stock increased 0.51% or $0.24 during the last trading session, reaching $46.92. About 3.23M shares traded. FirstEnergy Corp. (NYSE:FE) has risen 25.99% since September 10, 2018 and is uptrending. It has outperformed by 25.99% the S&P500.

Nwq Investment Management Company Llc, which manages about $13.77B and $4.60B US Long portfolio, upped its stake in Rpt Realty by 1.20M shares to 4.95 million shares, valued at $59.51 million in 2019Q1, according to the filing. It also increased its holding in Quanta Svcs Inc (NYSE:PWR) by 117,172 shares in the quarter, for a total of 1.68 million shares, and has risen its stake in Texas Capital Bancshares Inc (NASDAQ:TCBI).

Analysts await FirstEnergy Corp. (NYSE:FE) to report earnings on October, 24. They expect $0.74 EPS, down 7.50 % or $0.06 from last year’s $0.8 per share. FE’s profit will be $393.77M for 15.85 P/E if the $0.74 EPS becomes a reality. After $0.61 actual EPS reported by FirstEnergy Corp. for the previous quarter, Wall Street now forecasts 21.31 % EPS growth.

More recent FirstEnergy Corp. (NYSE:FE) news were published by: Businesswire.com which released: “FirstEnergy’s Pennsylvania Default Service Program DSP-V Auction: Information Session for Prospective Bidders on Wednesday, September 4, 2019 – Business Wire” on August 22, 2019. Also Finance.Yahoo.com published the news titled: “Three Things You Should Check Before Buying FirstEnergy Corp. (NYSE:FE) For Its Dividend – Yahoo Finance” on June 25, 2019. Finance.Yahoo.com‘s news article titled: “Is FirstEnergy Corp.’s (NYSE:FE) CEO Salary Justified? – Yahoo Finance” with publication date: July 26, 2019 was also an interesting one.

FirstEnergy Corp. (NYSE:FE) Ratings Coverage

Among 4 analysts covering FirstEnergy (NYSE:FE), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. FirstEnergy has $46 highest and $44 lowest target. $45.50’s average target is -3.03% below currents $46.92 stock price. FirstEnergy had 6 analyst reports since March 13, 2019 according to SRatingsIntel. Mizuho maintained it with “Buy” rating and $4600 target in Tuesday, August 13 report. The rating was maintained by KeyBanc Capital Markets on Thursday, June 20 with “Buy”. Barclays Capital upgraded FirstEnergy Corp. (NYSE:FE) on Wednesday, March 20 to “Overweight” rating. The stock of FirstEnergy Corp. (NYSE:FE) earned “Buy” rating by Morgan Stanley on Wednesday, March 13.

FirstEnergy Corp. (NYSE:FE) Institutional Positions Chart

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