FirstEnergy: Institutional Investors Buying Stock in Third Quarter

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of FirstEnergy Corp. (NYSE:FE).

SEC data indicate that these institutions significantly increased their stock shares of FirstEnergy Corp. in Q3 2011:

  • MASSACHUSETTS FINANCIAL SERVICES CO /MA/: On 06/30/2011, held 0 shares. On 09/30/2011, held 978,010 shares, worth $43,394,304.
  • PINEBRIDGE INVESTMENTS LTD: On 06/30/2011, held 0 shares. On 09/30/2011, held 679,546 shares, worth $30,151,456.
  • PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO: On 06/30/2011, held 0 shares. On 09/30/2011, held 512,783 shares, worth $22,752,182.
  • COHEN & STEERS INC: On 06/30/2011, held 0 shares. On 09/30/2011, held 507,825 shares, worth $22,532,195.
  • TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY: On 06/30/2011, held 0 shares. On 09/30/2011, held 279,103 shares, worth $12,383,800.

About the company: FirstEnergy Corp. is a public utility holding company. The Company’s subsidiaries and affiliates are involved in the generation, transmission and distribution of electricity, exploration and production of oil and natural gas, transmission and marketing of natural gas, and energy management and other energy-related services.

Competitors to Watch: American Electric Power Co., Inc. (NYSE:AEP), Consolidated Edison, Inc. (NYSE:ED), CH Energy Group, Inc. (NYSE:CHG), Public Service Enterprise Group Inc. (NYSE:PEG), NextEra Energy, Inc. (NYSE:NEE), PPL Corporation (NYSE:PPL), The Southern Company (NYSE:SO), Pepco Holdings, Inc. (NYSE:POM), Duke Energy Corporation (NYSE:DUK), and Exelon Corporation (NYSE:EXC).

(Note: Data regarding FirstEnergy Corp.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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