Advisors Management Group Inc. ADV Lowers Stake in FirstEnergy Corporation $FE

Advisors Management Group Inc. ADV reduced its position in FirstEnergy Corporation (NYSE:FE) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,912 shares of the utilities provider’s stock after selling 14,155 shares during the quarter. FirstEnergy makes up about 1.9% of Advisors Management Group Inc. ADV’s investment portfolio, making the stock its 11th largest holding. Advisors Management Group Inc. ADV’s holdings in FirstEnergy were worth $10,383,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently 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 worth $27,000 after acquiring an additional 460 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in FirstEnergy in the 3rd quarter worth approximately $27,000. TruNorth Capital Management LLC lifted its holdings in FirstEnergy by 187.5% in 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 in the last quarter. State of Wyoming bought a new position in FirstEnergy in the 2nd quarter worth approximately $25,000. Finally, Olistico Wealth LLC bought a new position in FirstEnergy in the 4th quarter worth approximately $31,000. 89.41% of the stock is owned by hedge funds and other institutional investors.

FirstEnergy Stock Performance

Shares of NYSE:FE opened at $50.03 on Friday. The firm has a fifty day simple moving average of $49.12 and a two-hundred day simple moving average of $46.79. FirstEnergy Corporation has a 52 week low of $37.58 and a 52 week high of $52.29. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $28.91 billion, a P/E ratio of 28.43, a PEG ratio of 2.63 and a beta of 0.61.

FirstEnergy (NYSE:FE) last posted its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $3.20 billion. During the same period last year, the company earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, analysts expect that FirstEnergy Corporation will post 2.66 earnings per share for the current fiscal year.

FirstEnergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders 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. 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 presently 101.14%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FE shares. UBS Group reduced their price objective on shares of FirstEnergy from $49.00 to $46.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Wolfe Research upgraded shares of FirstEnergy from a “peer perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research report on Tuesday, January 27th. Wells Fargo & Company cut their target price on shares of FirstEnergy from $54.00 to $53.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Scotiabank reiterated an “outperform” rating on shares of FirstEnergy in a research note on Thursday, February 19th. Finally, JPMorgan Chase & Co. increased their price objective on shares of FirstEnergy from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.71.

Insiders Place Their Bets

In other FirstEnergy news, 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 completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jason Lisowski sold 1,373 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $50.84, for a total transaction of $69,803.32. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 39,118 shares of company stock worth $1,989,532. 0.17% of the stock is currently owned by company insiders.

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.