From MarketBeat:



Meridian Wealth Management LLC raised its holdings in shares of FirstEnergy Corp. (NYSE:FE) by 122.1% during the third quarter, adding an additional 92,375 shares to its stock. The institutional investor owned 168,032 shares of FirstEnergy’s stock worth $5,743,000 at the end of the reporting period. Additionally, a number of other hedge funds and institutional investors also recently bought and sold shares of the business, with 82.34% of the stock being owned by institutional investors and hedge funds.

Analysts have recently commented on FirstEnergy’s stock. It currently has a consensus rating of “Hold” with an average price target of $39.44. SVP Christine Walker sold 12,500 shares of the stock. FirstEnergy’s stock has been trading at a low of $32.18 and a high of $43.31. The utilities provider reported $0.88 earnings per share for the quarter.

FirstEnergy also declared offering a quarterly dividend, to be paid on Friday, March 1st, of $0.41 per share. FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are whispering to their clients to buy now before the broader market catches on. While FirstEnergy currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.



Read more: FirstEnergy Corp. (NYSE:FE) Shares Purchased by Meridian Wealth Management LLC