Crow Point Partners LLC Has Boosted Position in Firstenergy Corp (FE) by $7.20 Million as Market Value Rose

FirstEnergy Corp. (NYSE:FE) LogoInvestors sentiment increased to 1.26 in 2018 Q2. Its up 0.13, from 1.13 in 2018Q1. It improved, as 34 investors sold FE shares while 146 reduced holdings. 64 funds opened positions while 163 raised stakes. 444.29 million shares or 0.47% more from 442.23 million shares in 2018Q1 were reported. Cibc Ww Mkts Corporation has 149,384 shares. Brookfield Asset Mgmt holds 934,389 shares. Moneta Gp Investment Advsrs Ltd holds 0% of its portfolio in FirstEnergy Corp. (NYSE:FE) for 33 shares. M&R holds 0% of its portfolio in FirstEnergy Corp. (NYSE:FE) for 500 shares. The Maryland-based Hussman Strategic has invested 0.01% in FirstEnergy Corp. (NYSE:FE). First Trust L P, Illinois-based fund reported 398,942 shares. State Street holds 0.1% or 32.51 million shares in its portfolio. Sandy Spring Natl Bank invested in 0% or 188 shares. Conning has 0.01% invested in FirstEnergy Corp. (NYSE:FE) for 13,248 shares. Cornerstone Inc has invested 0.02% in FirstEnergy Corp. (NYSE:FE). Massachusetts Financial Ma holds 0.02% of its portfolio in FirstEnergy Corp. (NYSE:FE) for 1.37M shares. Tci Wealth reported 330 shares stake. 70,000 are owned by Cushing Asset Limited Partnership. Kbc Nv, Belgium-based fund reported 314,420 shares. Numerixs Investment Incorporated invested in 200 shares.

Crow Point Partners Llc increased its stake in Firstenergy Corp (FE) by 114.29% based on its latest 2018Q2 regulatory filing with the SEC. Crow Point Partners Llc bought 200,000 shares as the company’s stock rose 12.25% with the market. The institutional investor held 375,000 shares of the central company at the end of 2018Q2, valued at $13.57 million, up from 175,000 at the end of the previous reported quarter. Crow Point Partners Llc who had been investing in Firstenergy Corp for a number of months, seems to be bullish on the $20.06B market cap company. The stock increased 0.38% or $0.15 during the last trading session, reaching $39.23. About 3.54M shares traded. FirstEnergy Corp. (NYSE:FE) has risen 18.86% since December 8, 2017 and is uptrending. It has outperformed by 3.24% the S&P500.

More notable recent FirstEnergy Corp. (NYSE:FE) news were published by: Seekingalpha.com which released: “Now That FirstEnergy Increased Their Dividend, Are They An Undervalued Dividend Growth Stock? – Seeking Alpha” on November 15, 2018, also Seekingalpha.com with their article: “FirstEnergy Generation to sell Ohio power plant for $144M – Seeking Alpha” published on November 21, 2018, Seekingalpha.com published: “FirstEnergy declares $0.38 dividend – Seeking Alpha” on November 09, 2018. More interesting news about FirstEnergy Corp. (NYSE:FE) were released by: Seekingalpha.com and their article: “Exelon sues FirstEnergy Solutions over delays on $140M asset sale – Seeking Alpha” published on November 27, 2018 as well as Investorplace.com‘s news article titled: “4 Utility Stocks to Protect Against the Market Fallout – Investorplace.com” with publication date: December 05, 2018.

FirstEnergy Corp. (NYSE:FE) Ratings Coverage

Among 6 analysts covering FirstEnergy (NYSE:FE), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. FirstEnergy had 10 analyst reports since June 13, 2018 according to SRatingsIntel. As per Friday, September 21, the company rating was maintained by Morgan Stanley. Barclays Capital maintained the shares of FE in report on Monday, November 19 with “Equal-Weight” rating. The firm earned “Neutral” rating on Wednesday, October 3 by Citigroup. The stock of FirstEnergy Corp. (NYSE:FE) earned “Outperform” rating by Wells Fargo on Monday, September 17. Morgan Stanley maintained FirstEnergy Corp. (NYSE:FE) rating on Tuesday, September 11. Morgan Stanley has “Overweight” rating and $41 target. The company was maintained on Wednesday, June 13 by Morgan Stanley. As per Monday, July 16, the company rating was maintained by Morgan Stanley. On Wednesday, August 1 the stock rating was maintained by Bank of America with “Buy”.

FirstEnergy Corp. (NYSE:FE) Institutional Positions Chart

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