AXQ Capital LP Raises Stock Holdings in FirstEnergy Corporation $FE

AXQ Capital LP lifted its stake in FirstEnergy Corporation (NYSE:FE) by 138.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,568 shares of the utilities provider’s stock after buying an additional 10,769 shares during the quarter. AXQ Capital LP’s holdings in FirstEnergy were worth $851,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC bought a new stake in FirstEnergy during the 4th quarter worth approximately $256,000. Integrated Wealth Concepts LLC bought a new position in shares of FirstEnergy in the first quarter worth approximately $289,000. Empowered Funds LLC increased its stake in shares of FirstEnergy by 7.0% in the first quarter. Empowered Funds LLC now owns 11,213 shares of the utilities provider’s stock worth $453,000 after purchasing an additional 732 shares in the last quarter. Woodline Partners LP raised its position in shares of FirstEnergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 43,334 shares of the utilities provider’s stock valued at $1,752,000 after purchasing an additional 12,531 shares during the period. Finally, Focus Partners Wealth lifted its stake in shares of FirstEnergy by 6.8% during the 1st quarter. Focus Partners Wealth now owns 21,178 shares of the utilities provider’s stock valued at $856,000 after buying an additional 1,340 shares in the last quarter. 89.41% of the stock is currently owned by institutional investors.

FirstEnergy Stock Performance

NYSE:FE opened at $50.41 on Tuesday. The firm has a market capitalization of $29.13 billion, a PE ratio of 28.64, a PEG ratio of 2.85 and a beta of 0.64. The stock’s fifty day moving average is $46.51 and its 200 day moving average is $45.64. FirstEnergy Corporation has a fifty-two week low of $37.58 and a fifty-two week high of $50.83. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.46 and a current ratio of 0.57.

FirstEnergy (NYSE:FE) last posted its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The business had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.20 billion. FirstEnergy had a net margin of 6.76% and a return on equity of 10.50%. During the same quarter in the previous year, the business posted $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, sell-side analysts anticipate that FirstEnergy Corporation will post 2.66 earnings per share for the current year.

FirstEnergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 7th will be given a $0.465 dividend. This is an increase from FirstEnergy’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, May 7th. This represents a $1.86 dividend on an annualized basis and a yield of 3.7%. FirstEnergy’s dividend payout ratio is currently 101.14%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wells Fargo & Company decreased their price target on FirstEnergy from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Weiss Ratings cut FirstEnergy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Barclays dropped their price target on FirstEnergy from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. Morgan Stanley reiterated an “overweight” rating on shares of FirstEnergy in a research report on Wednesday, February 11th. Finally, Mizuho set a $51.00 target price on shares of FirstEnergy in a report on Thursday. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.31.

About FirstEnergy

FirstEnergy Corp. (NYSE: FE) is a U.S.-based electric utility holding company headquartered in Akron, Ohio. The company’s primary business is the delivery of electricity through its regulated transmission and distribution utilities, serving residential, commercial and industrial customers across parts of the Midwest and Mid‑Atlantic. FirstEnergy’s service territory includes states such as Ohio, Pennsylvania, New Jersey, Maryland and West Virginia, and it operates primarily within the PJM regional transmission organization.

FirstEnergy’s core activities center on owning and operating electric distribution networks and transmission systems, maintaining and upgrading grid infrastructure, managing storm response and restoration, and offering customer programs that include energy efficiency and reliability services.