FirstEnergy Corp. (FE) Forms $33.92 Double Top; Poplar Forest Capital Boosted By $3.26 Million Its Weatherford Intl Plc (WFT) Holding

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FirstEnergy Corp. (FE) formed double top with $34.94 target or 3.00% above today’s $33.92 share price. FirstEnergy Corp. (FE) has $16.17 billion valuation. The stock decreased 1.08% or $0.37 during the last trading session, reaching $33.92. About 1.95 million shares traded. FirstEnergy Corp. (NYSE:FE) has risen 10.00% since April 25, 2017 and is uptrending. It has underperformed by 1.55% the S&P500.

Poplar Forest Capital Llc increased Weatherford Intl Plc (WFT) stake by 12.4% reported in 2017Q4 SEC filing. Poplar Forest Capital Llc acquired 815,001 shares as Weatherford Intl Plc (WFT)’s stock declined 40.15%. The Poplar Forest Capital Llc holds 7.39M shares with $30.80M value, up from 6.57 million last quarter. Weatherford Intl Plc now has $2.95 billion valuation. The stock increased 7.61% or $0.21 during the last trading session, reaching $2.97. About 13.54M shares traded. Weatherford International plc (NYSE:WFT) has declined 63.21% since April 25, 2017 and is downtrending. It has underperformed by 74.76% the S&P500.

Among 20 analysts covering FirstEnergy (NYSE:FE), 7 have Buy rating, 1 Sell and 12 Hold. Therefore 35% are positive. FirstEnergy has $47.0 highest and $1 lowest target. $35.68’s average target is 5.19% above currents $33.92 stock price. FirstEnergy had 78 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets downgraded the shares of FE in report on Thursday, April 28 to “Sector Perform” rating. Goldman Sachs upgraded FirstEnergy Corp. (NYSE:FE) on Friday, March 24 to “Buy” rating. The company was maintained on Thursday, March 8 by Morgan Stanley. Jefferies maintained FirstEnergy Corp. (NYSE:FE) rating on Tuesday, June 20. Jefferies has “Hold” rating and $3100 target. On Tuesday, October 18 the stock rating was upgraded by Evercore to “Buy”. The firm has “Hold” rating given on Wednesday, October 11 by Jefferies. As per Monday, May 1, the company rating was downgraded by JP Morgan. On Wednesday, December 2 the stock rating was upgraded by Wolfe Research to “Peer Perform”. Deutsche Bank maintained FirstEnergy Corp. (NYSE:FE) rating on Monday, July 31. Deutsche Bank has “Hold” rating and $34 target. Deutsche Bank downgraded it to “Hold” rating and $34 target in Tuesday, December 20 report.

Investors sentiment increased to 1.18 in 2017 Q4. Its up 0.05, from 1.13 in 2017Q3. It increased, as 34 investors sold FirstEnergy Corp. shares while 157 reduced holdings. 60 funds opened positions while 166 raised stakes. 369.63 million shares or 2.53% more from 360.52 million shares in 2017Q3 were reported. Utd Ser Automobile Association invested 0.01% in FirstEnergy Corp. (NYSE:FE). Meag Munich Ergo Kapitalanlagegesellschaft Mbh, Germany-based fund reported 320,150 shares. Cushing Asset Mngmt L P has invested 0.1% of its portfolio in FirstEnergy Corp. (NYSE:FE). Cwm Ltd Liability has invested 0% of its portfolio in FirstEnergy Corp. (NYSE:FE). Janney Montgomery Scott Limited Liability Company stated it has 100,800 shares or 0.03% of all its holdings. Wedge Capital Management L L P Nc holds 0.1% or 363,391 shares. Frontier Inv Mgmt accumulated 215,742 shares. Pension Serv has 467,736 shares for 0.07% of their portfolio. Deutsche Natl Bank Ag holds 1.66 million shares. Monroe Commercial Bank And Tru Mi holds 0.01% of its portfolio in FirstEnergy Corp. (NYSE:FE) for 800 shares. South Dakota Investment Council reported 53,679 shares. Gradient Invests Limited Co reported 0% stake. Gyroscope Capital Mngmt Gru Ltd Com stated it has 187,404 shares or 2.62% of all its holdings. Adage Cap Group Ltd Limited Liability Company reported 626,300 shares or 0.04% of all its holdings. Crestpoint Ltd Liability holds 31,500 shares.

Investors sentiment decreased to 0.79 in Q4 2017. Its down 0.16, from 0.95 in 2017Q3. It turned negative, as 66 investors sold WFT shares while 97 reduced holdings. 51 funds opened positions while 77 raised stakes. 1.08 billion shares or 2.62% less from 1.10 billion shares in 2017Q3 were reported. The Pennsylvania-based Susquehanna Int Group Inc Limited Liability Partnership has invested 0% in Weatherford International plc (NYSE:WFT). Lenox Wealth Incorporated has 0% invested in Weatherford International plc (NYSE:WFT). Fmr Llc stated it has 17.05M shares. Adams Natural Resource Fund owns 0.74% invested in Weatherford International plc (NYSE:WFT) for 1.19M shares. Jane Street Ltd Liability reported 1.27 million shares stake. Marshall Wace Llp accumulated 1.16 million shares. Amg Tru Bank reported 280,647 shares. Gabelli Funds Ltd Llc reported 4.91M shares. Lmr Ltd Liability Partnership holds 0.5% or 1.17M shares in its portfolio. Toronto Dominion State Bank, Ontario – Canada-based fund reported 3,946 shares. Old Second Comml Bank Of Aurora has 1,500 shares for 0% of their portfolio. Gabelli And Investment Advisers Incorporated owns 50,300 shares. 139,375 are owned by Two Sigma Securities Ltd Liability. Moreover, Ubs Asset Americas has 0.01% invested in Weatherford International plc (NYSE:WFT). Quinn Opportunity Prtnrs Ltd holds 20,000 shares.

FirstEnergy Corp. (NYSE:FE) Institutional Positions Chart