Shareholder Electron Capital Partners LLC Lifted Firstenergy Corp (FE) Stake

March 14, 2018 - By Vivian Currie

Investors sentiment decreased to 1.13 in 2017 Q3. Its down 0.08, from 1.21 in 2017Q2. It worsened, as 35 investors sold FE shares while 155 reduced holdings. 54 funds opened positions while 161 raised stakes. 360.52 million shares or 3.08% more from 349.76 million shares in 2017Q2 were reported. Gabelli Funds Ltd Co holds 448,000 shares or 0.08% of its portfolio. Stevens Mngmt LP owns 474,024 shares. Moreover, Schroder Investment Mngmt has 0.01% invested in FirstEnergy Corp. (NYSE:FE) for 234,214 shares. Weiss Multi accumulated 638,949 shares. Los Angeles Cap Mngmt And Equity Research holds 0.12% of its portfolio in FirstEnergy Corp. (NYSE:FE) for 653,788 shares. Carnegie Asset Limited holds 7,862 shares or 0.03% of its portfolio. M&T National Bank & Trust stated it has 0.16% in FirstEnergy Corp. (NYSE:FE). P Schoenfeld Asset Mgmt Ltd Partnership has invested 0.67% in FirstEnergy Corp. (NYSE:FE). 1.98M are owned by Apg Asset Mngmt Nv. Professionals Inc holds 0% or 27 shares. Frontier Invest Mgmt, Texas-based fund reported 204,342 shares. 500 were accumulated by M&R Cap Incorporated. Monroe Comml Bank Mi owns 800 shares. Ancora Advsr Ltd Liability Corp invested in 0.01% or 6,556 shares. 199,601 are held by Engineers Gate Manager Lp.

Jos Shaver increased its stake in Firstenergy Corp (FE) by 75.39% based on its latest 2017Q3 regulatory filing with the SEC. Electron Capital Partners Llc bought 878,732 shares as the company’s stock declined 8.93% while stock markets rallied. The hedge fund run by Jos Shaver held 2.04 million shares of the central company at the end of 2017Q3, valued at $63.02M, up from 1.17M at the end of the previous reported quarter. Electron Capital Partners Llc who had been investing in Firstenergy Corp for a number of months, seems to be bullish on the $15.90B market cap company. The stock increased 1.36% or $0.45 during the last trading session, reaching $33.44. About 4.60 million shares traded. FirstEnergy Corp. (NYSE:FE) has declined 12.70% since March 14, 2017 and is downtrending. It has underperformed by 29.40% the S&P500.

More notable recent FirstEnergy Corp. (NYSE:FE) news were published by: which released: “FirstEnergy Announces Senior Management Changes” on February 20, 2018, also with their article: “FirstEnergy Confirms FES Bankruptcy” published on March 01, 2018, published: “FirstEnergy plans minuscule rate cut” on March 02, 2018. More interesting news about FirstEnergy Corp. (NYSE:FE) were released by: and their article: “JCP&L Expects to Restore Customers from First Winter Storm by Late Tonight” published on March 10, 2018 as well as‘s news article titled: “FirstEnergy: Steer Clear For Now” with publication date: March 14, 2018.

FirstEnergy Corp. (NYSE:FE) Ratings Coverage

Among 20 analysts covering FirstEnergy (NYSE:FE), 7 have Buy rating, 1 Sell and 12 Hold. Therefore 35% are positive. FirstEnergy had 75 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Hold” on Friday, July 21. Evercore upgraded the shares of FE in report on Tuesday, October 18 to “Buy” rating. The company was upgraded on Tuesday, October 13 by UBS. The rating was maintained by KeyBanc Capital Markets with “Hold” on Wednesday, October 18. Goldman Sachs upgraded FirstEnergy Corp. (NYSE:FE) rating on Friday, March 24. Goldman Sachs has “Buy” rating and $34 target. The stock of FirstEnergy Corp. (NYSE:FE) has “Hold” rating given on Thursday, February 1 by RBC Capital Markets. The company was maintained on Thursday, October 12 by JP Morgan. The stock has “Sell” rating by Citigroup on Wednesday, July 20. The rating was initiated by Citigroup on Friday, September 18 with “Sell”. As per Tuesday, January 30, the company rating was maintained by Mizuho.

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