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Looking at Recent Changes in FirstEnergy’s Institutional Ownership

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FirstEnergy’s institutional ownership

There has been a remarkable rally in FirstEnergy stock since May 2017. Let’s see what institutional investors did with their FirstEnergy stake in this period.

The Vanguard Group is the largest institutional investor in FirstEnergy according to a recent filing. It added net 8.4 million shares of FirstEnergy in 2Q17 and now holds a 10% stake in the hybrid utility.

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State Street Global Advisors holds nearly 7.6% of FirstEnergy’s total outstanding shares. It sold net 0.84 million shares of FE in 2Q17. T. Rowe Price sold net 3.8 million shares of FirstEnergy during 2Q17 and now holds a 3.2% stake.

Vanguard Group, State Street, and BlackRock Institutional Trust are among the few top institutional investors in US utility stocks (XLU).

For a comparative analysis of competitive utilities, read Where to Look for Opportunities in Competitive Utility Sector.

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