Stephens Inc. AR Has $420,000 Stock Position in FirstEnergy Corporation $FE

Stephens Inc. AR increased its position in shares of FirstEnergy Corporation (NYSE:FE) by 40.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,432 shares of the utilities provider’s stock after purchasing an additional 3,017 shares during the quarter. Stephens Inc. AR’s holdings in FirstEnergy were worth $420,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in FE. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of FirstEnergy during the 2nd quarter worth about $26,000. Investment Research & Advisory Group Inc. acquired a new stake in shares of FirstEnergy during the 2nd quarter worth about $26,000. N.E.W. Advisory Services LLC acquired a new stake in shares of FirstEnergy during the 1st quarter worth about $27,000. Capital Advisors Ltd. LLC increased its position in shares of FirstEnergy by 186.4% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 676 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 440 shares in the last quarter. Finally, TruNorth Capital Management LLC increased its position in shares of FirstEnergy by 226.9% during the 1st quarter. TruNorth Capital Management LLC now owns 706 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 490 shares in the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on FE. Barclays upgraded shares of FirstEnergy from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $43.00 to $49.00 in a research report on Monday, August 25th. Weiss Ratings restated a “buy (b)” rating on shares of FirstEnergy in a research report on Saturday. Mizuho raised their price objective on shares of FirstEnergy from $45.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday. UBS Group raised their price objective on shares of FirstEnergy from $47.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Jefferies Financial Group raised their price objective on shares of FirstEnergy from $45.00 to $47.00 and gave the company a “hold” rating in a research report on Tuesday. Seven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, FirstEnergy presently has a consensus rating of “Hold” and a consensus price target of $48.25.

FirstEnergy Trading Up 0.6%

FE opened at $46.80 on Friday. The company has a market cap of $27.02 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 3.15 and a beta of 0.52. The firm has a 50 day simple moving average of $44.80 and a 200 day simple moving average of $42.64. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.61 and a quick ratio of 0.51. FirstEnergy Corporation has a fifty-two week low of $37.58 and a fifty-two week high of $48.20.

FirstEnergy (NYSE:FE) last issued its quarterly earnings data on Wednesday, October 22nd. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $3.94 billion. FirstEnergy had a net margin of 9.19% and a return on equity of 11.20%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 earnings per share. FirstEnergy has set its FY 2025 guidance at 2.500-2.560 EPS. On average, sell-side analysts anticipate that FirstEnergy Corporation will post 2.66 earnings per share for the current year.

FirstEnergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 7th will be issued a dividend of $0.445 per share. The ex-dividend date is Friday, November 7th. This represents a $1.78 dividend on an annualized basis and a yield of 3.8%. FirstEnergy’s payout ratio is currently 77.73%.

FirstEnergy Profile

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities.