Assenagon Asset Management S.A. Purchases 913,617 Shares of FirstEnergy Corporation $FE

Assenagon Asset Management S.A. lifted its position in FirstEnergy Corporation (NYSE:FE) by 7,493.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 925,810 shares of the utilities provider’s stock after purchasing an additional 913,617 shares during the quarter. Assenagon Asset Management S.A. owned 0.16% of FirstEnergy worth $41,449,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. State of Wyoming acquired a new stake in shares of FirstEnergy during the 2nd quarter valued at about $25,000. American National Bank & Trust raised its holdings in shares of FirstEnergy by 380.2% in the 3rd quarter. American National Bank & Trust now owns 581 shares of the utilities provider’s stock worth $27,000 after buying an additional 460 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of FirstEnergy in the 3rd quarter worth approximately $27,000. TruNorth Capital Management LLC lifted its position in shares of FirstEnergy by 187.5% during the 3rd quarter. TruNorth Capital Management LLC now owns 621 shares of the utilities provider’s stock worth $28,000 after buying an additional 405 shares during the period. Finally, Caldwell Trust Co bought a new position in shares of FirstEnergy during the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Price Performance

FirstEnergy stock opened at $49.49 on Thursday. The business’s fifty day moving average is $49.00 and its two-hundred day moving average is $46.69. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.46 and a current ratio of 0.57. The firm has a market cap of $28.60 billion, a P/E ratio of 28.12, a P/E/G ratio of 2.59 and a beta of 0.61. FirstEnergy Corporation has a 52 week low of $37.58 and a 52 week high of $52.01.

FirstEnergy (NYSE:FE) last announced its earnings results 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. FirstEnergy had a return on equity of 10.50% and a net margin of 6.76%.The company had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the company posted $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Equities research analysts forecast that FirstEnergy Corporation will post 2.66 earnings per share for the current fiscal year.

FirstEnergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 7th will be given a dividend of $0.465 per share. The ex-dividend date is Thursday, May 7th. This is a positive change from FirstEnergy’s previous quarterly dividend of $0.45. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.8%. FirstEnergy’s dividend payout ratio (DPR) is currently 101.14%.

Insider Activity

In related news, CFO Jon Taylor K. sold 26,800 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $50.94, for a total value of $1,365,192.00. Following the completion of the transaction, the chief financial officer owned 119,552 shares in the company, valued at $6,089,978.88. The trade was a 18.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James F. Oneil sold 7,945 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $50.60, for a total value of $402,017.00. Following the transaction, the director directly owned 1,869 shares in the company, valued at approximately $94,571.40. This represents a 80.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 39,118 shares of company stock valued at $1,989,532 over the last three months. 0.17% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on FE shares. Morgan Stanley reiterated an “overweight” rating on shares of FirstEnergy in a research report on Wednesday, February 11th. JPMorgan Chase & Co. lifted their price objective on FirstEnergy from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Barclays reduced their target price on shares of FirstEnergy from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. Mizuho set a $51.00 target price on shares of FirstEnergy in a report on Thursday, February 19th. Finally, Weiss Ratings cut shares of FirstEnergy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 19th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, FirstEnergy has an average rating of “Moderate Buy” and an average target price of $49.71.

FirstEnergy 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.