D.A. Davidson & CO. Has $960,000 Stake in FirstEnergy Corporation $FE

D.A. Davidson & CO. lifted its stake in FirstEnergy Corporation (NYSE:FE) by 128.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,951 shares of the utilities provider’s stock after buying an additional 10,654 shares during the period. D.A. Davidson & CO.’s holdings in FirstEnergy were worth $960,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in FE. Northwestern Mutual Wealth Management Co. lifted its position in shares of FirstEnergy by 11,305.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,974,989 shares of the utilities provider’s stock worth $81,699,000 after purchasing an additional 1,957,673 shares during the last quarter. Intech Investment Management LLC increased its holdings in FirstEnergy by 42.8% in the fourth quarter. Intech Investment Management LLC now owns 85,247 shares of the utilities provider’s stock valued at $3,817,000 after buying an additional 25,571 shares during the last quarter. Vanguard Group Inc. increased its holdings in FirstEnergy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 68,109,341 shares of the utilities provider’s stock valued at $3,049,255,000 after buying an additional 761,157 shares during the last quarter. BW Gestao de Investimentos Ltda. acquired a new stake in FirstEnergy in the fourth quarter valued at $15,172,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in FirstEnergy by 2.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,277,257 shares of the utilities provider’s stock worth $419,889,000 after buying an additional 205,618 shares during the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. UBS Group upped their price objective on FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Wolfe Research lowered FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Barclays boosted their target price on FirstEnergy from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday. TD Cowen raised FirstEnergy from a “hold” rating to a “buy” rating and lowered their price target for the company from $56.00 to $53.00 in a report on Friday, May 15th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $55.00 price target on shares of FirstEnergy in a research note on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, FirstEnergy presently has an average rating of “Moderate Buy” and an average price target of $52.92.

FirstEnergy Stock Performance

NYSE FE opened at $49.48 on Friday. The company has a fifty day moving average of $47.09 and a two-hundred day moving average of $48.09. The company has a market capitalization of $28.62 billion, a PE ratio of 26.89, a P/E/G ratio of 2.36 and a beta of 0.47. FirstEnergy Corporation has a 1 year low of $41.17 and a 1 year high of $52.34. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.52 and a quick ratio of 0.42.

FirstEnergy (NYSE:FE) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The business’s revenue was up 11.6% compared to the same quarter last year. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, analysts expect that FirstEnergy Corporation will post 2.74 earnings per share for the current year.

FirstEnergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be given a dividend of $0.465 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.86 annualized dividend and a yield of 3.8%. FirstEnergy’s payout ratio is 101.09%.

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.