Crow Point Partners LLC Has Upped Firstenergy Corp (FE) Holding by $7.20 Million; Stock Rose

FirstEnergy Corp. (NYSE:FE) LogoInvestors sentiment increased to 1.26 in Q2 2018. Its up 0.13, from 1.13 in 2018Q1. It is positive, 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. Guardian Life Ins Of America has 1,237 shares. Stratos Wealth Prns Ltd, a Ohio-based fund reported 15,205 shares. Cubist Systematic Strategies Limited Co holds 0.04% or 22,570 shares. 424,674 were accumulated by Retirement Systems Of Alabama. Gateway Inv Advisers Ltd Com reported 0.01% stake. Crow Point Prtn Lc has invested 2.53% in FirstEnergy Corp. (NYSE:FE). Aperio Group Inc Limited holds 157,292 shares. 50,470 were reported by Cbre Clarion Secs Limited Liability Corporation. Voya Management Llc holds 374,087 shares. Georgia-based Advisory Ltd Liability Corporation has invested 0% in FirstEnergy Corp. (NYSE:FE). Mitsubishi Ufj Trust And Bk holds 1.12M shares or 0.07% of its portfolio. State Of New Jersey Common Pension Fund D accumulated 340,000 shares or 0.05% of the stock. Cornerstone Capital holds 0.02% of its portfolio in FirstEnergy Corp. (NYSE:FE) for 28,765 shares. 125,582 are held by Bollard Limited Liability Company. Moneta Gp Inv Advsr Ltd has 33 shares for 0% of their portfolio.

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 3.54 million 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: “FirstEnergy Generation to sell Ohio power plant for $144M – Seeking Alpha” on November 21, 2018, also Seekingalpha.com with their article: “Now That FirstEnergy Increased Their Dividend, Are They An Undervalued Dividend Growth Stock? – Seeking Alpha” published on November 15, 2018, Investorplace.com published: “4 Utility Stocks to Protect Against the Market Fallout – Investorplace.com” on December 05, 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 Seekingalpha.com‘s news article titled: “FirstEnergy declares $0.38 dividend – Seeking Alpha” with publication date: November 09, 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. The firm has “Outperform” rating by Wells Fargo given on Monday, September 17. The company was maintained on Wednesday, June 13 by Morgan Stanley. Morgan Stanley maintained it with “Overweight” rating and $39 target in Monday, July 16 report. The stock of FirstEnergy Corp. (NYSE:FE) has “Neutral” rating given on Wednesday, October 3 by Citigroup. The rating was maintained by Morgan Stanley with “Overweight” on Tuesday, September 11. Morgan Stanley maintained the stock with “Overweight” rating in Friday, September 21 report. The stock has “Buy” rating by Bank of America on Wednesday, August 1. The company was maintained on Monday, November 19 by Barclays Capital.

FirstEnergy Corp. (NYSE:FE) Institutional Positions Chart

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