Inceptionr LLC Makes New $1.47 Million Investment in FirstEnergy Corporation $FE

Inceptionr LLC purchased a new stake in FirstEnergy Corporation (NYSE:FE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 31,985 shares of the utilities provider’s stock, valued at approximately $1,466,000.

Other institutional investors also recently modified their holdings of the company. Mackenzie Financial Corp boosted its position in FirstEnergy by 418.0% during the 2nd quarter. Mackenzie Financial Corp now owns 270,183 shares of the utilities provider’s stock worth $10,878,000 after acquiring an additional 218,020 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of FirstEnergy by 52.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 42,632 shares of the utilities provider’s stock worth $1,716,000 after acquiring an additional 14,718 shares in the last quarter. Edgestream Partners L.P. raised its holdings in shares of FirstEnergy by 1,379.5% in the second quarter. Edgestream Partners L.P. now owns 114,945 shares of the utilities provider’s stock valued at $4,628,000 after purchasing an additional 107,176 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its position in shares of FirstEnergy by 218.6% in the second quarter. OMERS ADMINISTRATION Corp now owns 62,236 shares of the utilities provider’s stock worth $2,506,000 after purchasing an additional 42,700 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of FirstEnergy by 33.8% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 425,860 shares of the utilities provider’s stock worth $17,145,000 after purchasing an additional 107,579 shares in the last quarter. 89.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FE. Mizuho set a $51.00 target price on shares of FirstEnergy in a research report on Thursday, February 19th. Weiss Ratings cut shares of FirstEnergy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 19th. Scotiabank restated an “outperform” rating on shares of FirstEnergy in a research note on Thursday, February 19th. Wolfe Research upgraded FirstEnergy from a “peer perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a report on Tuesday, January 27th. Finally, Barclays lowered their target price on FirstEnergy from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $49.31.

FirstEnergy Price Performance

NYSE:FE opened at $50.91 on Monday. The stock has a market capitalization of $29.42 billion, a PE ratio of 28.93, a P/E/G ratio of 2.68 and a beta of 0.61. FirstEnergy Corporation has a 1-year low of $37.58 and a 1-year high of $51.39. The firm has a fifty day simple moving average of $47.62 and a 200 day simple moving average of $46.10. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.83.

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

FirstEnergy Increases Dividend

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

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.