FirstEnergy Corporation $FE Shares Bought by First Trust Advisors LP

First Trust Advisors LP lifted its holdings in shares of FirstEnergy Corporation (NYSE:FE) by 42.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,992,975 shares of the utilities provider’s stock after buying an additional 894,549 shares during the period. First Trust Advisors LP owned about 0.52% of FirstEnergy worth $137,138,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. American National Bank & Trust boosted its stake in shares of FirstEnergy by 380.2% in the third quarter. American National Bank & Trust now owns 581 shares of the utilities provider’s stock valued at $27,000 after buying an additional 460 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in FirstEnergy in the third quarter worth $27,000. TruNorth Capital Management LLC raised its position in FirstEnergy by 187.5% in the third quarter. TruNorth Capital Management LLC now owns 621 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 405 shares in the last quarter. State of Wyoming acquired a new stake in FirstEnergy in the second quarter valued at $25,000. Finally, Caldwell Trust Co acquired a new stake in FirstEnergy in the second quarter valued at $35,000. 89.41% of the stock is owned by institutional investors and hedge funds.

FirstEnergy Stock Up 1.2%

FirstEnergy stock opened at $50.91 on Monday. FirstEnergy Corporation has a fifty-two week low of $37.58 and a fifty-two week high of $51.39. The firm has a market capitalization of $29.42 billion, a price-to-earnings ratio of 28.93, a price-to-earnings-growth ratio of 2.68 and a beta of 0.61. The stock’s fifty day moving average is $47.62 and its two-hundred day moving average is $46.10. 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 released its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. FirstEnergy had a return on equity of 10.50% and a net margin of 6.76%.The business had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the company posted $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Analysts predict that FirstEnergy Corporation will post 2.66 EPS for the current fiscal year.

FirstEnergy Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FE shares. Wells Fargo & Company lowered their price target on shares of FirstEnergy from $54.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Weiss Ratings cut shares of FirstEnergy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 19th. Morgan Stanley reissued an “overweight” rating on shares of FirstEnergy in a report on Wednesday, February 11th. Scotiabank restated an “outperform” rating on shares of FirstEnergy in a research report on Thursday, February 19th. Finally, Mizuho set a $51.00 target price on shares of FirstEnergy in a report on Thursday, February 19th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.31.

FirstEnergy Company Profile

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.