Arizona State Retirement System Has $6.73 Million Position in FirstEnergy Corporation $FE

Arizona State Retirement System cut its stake in FirstEnergy Corporation (NYSE:FE) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 150,326 shares of the utilities provider’s stock after selling 11,378 shares during the quarter. Arizona State Retirement System’s holdings in FirstEnergy were worth $6,730,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of FE. State of Wyoming bought a new position in FirstEnergy during the second quarter valued at approximately $25,000. American National Bank & Trust grew its position in FirstEnergy by 380.2% in the third quarter. American National Bank & Trust now owns 581 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 460 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in FirstEnergy in the third quarter worth approximately $27,000. TruNorth Capital Management LLC increased its stake 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 purchasing an additional 405 shares during the last quarter. Finally, Olistico Wealth LLC bought a new position in shares of FirstEnergy during the 4th quarter valued at $31,000. 89.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FE has been the subject of a number of recent research reports. Barclays upped their price objective on shares of FirstEnergy from $50.00 to $53.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Mizuho set a $51.00 target price on FirstEnergy in a report on Thursday, February 19th. JPMorgan Chase & Co. lifted their price target on shares of FirstEnergy from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. TD Cowen initiated coverage on shares of FirstEnergy in a research note on Thursday, April 16th. They issued a “hold” rating and a $56.00 target price on the stock. Finally, Morgan Stanley restated an “overweight” rating on shares of FirstEnergy in a report on Wednesday, February 11th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $51.57.

FirstEnergy Stock Up 0.1%

Shares of FE opened at $49.45 on Monday. The company has a 50-day simple moving average of $50.38 and a 200-day simple moving average of $47.64. The firm has a market capitalization of $28.60 billion, a P/E ratio of 28.10, a P/E/G ratio of 2.37 and a beta of 0.60. 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 Corporation has a 52 week low of $39.28 and a 52 week high of $52.34.

FirstEnergy (NYSE:FE) last released its earnings results on Tuesday, February 17th. The utilities provider reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.20 billion. FirstEnergy had a return on equity of 10.50% and a net margin of 6.76%.During the same period last year, the business earned $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, equities research analysts expect that FirstEnergy Corporation will post 2.73 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. Stockholders of record on Thursday, May 7th will be given a dividend of $0.465 per share. This is a boost 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%. The ex-dividend date is Thursday, May 7th. FirstEnergy’s dividend payout ratio (DPR) is presently 101.14%.

Insider Activity at FirstEnergy

In related news, CAO Jason Lisowski sold 3,000 shares of the company’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $50.84, for a total value of $152,520.00. Following the completion of the transaction, the chief accounting officer directly owned 7,176 shares in the company, valued at approximately $364,827.84. This represents a 29.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James F. Oneil sold 7,945 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $50.60, for a total transaction of $402,017.00. Following the completion of the transaction, the director owned 1,869 shares of the company’s stock, valued at approximately $94,571.40. This represents a 80.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 39,118 shares of company stock worth $1,989,532. 0.14% of the stock is owned by corporate insiders.

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.