USA Financial Formulas Buys New Position in FirstEnergy Corporation $FE

USA Financial Formulas purchased a new position in shares of FirstEnergy Corporation (NYSE:FE) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 20,246 shares of the utilities provider’s stock, valued at approximately $906,000.

Several other hedge funds also recently made changes to their positions in the business. State of Wyoming bought a new stake in shares of FirstEnergy in the second quarter worth $25,000. American National Bank & Trust boosted its holdings in FirstEnergy by 380.2% during the third quarter. American National Bank & Trust now owns 581 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 460 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in FirstEnergy in the third quarter valued at $27,000. TruNorth Capital Management LLC grew its position in FirstEnergy by 187.5% in the third quarter. TruNorth Capital Management LLC now owns 621 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 405 shares in the last quarter. Finally, Olistico Wealth LLC acquired a new stake in FirstEnergy in the 4th quarter valued at $31,000. 89.41% of the stock is owned by institutional investors.

Insider Buying and Selling at FirstEnergy

In other news, Director James F. Oneil sold 7,945 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was 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. The trade was a 80.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jason Lisowski sold 1,373 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 $69,803.32. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 39,118 shares of company stock valued at $1,989,532. 0.17% of the stock is currently owned by corporate insiders.

FirstEnergy Price Performance

FE stock opened at $50.03 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.83. FirstEnergy Corporation has a 12 month low of $37.58 and a 12 month high of $52.29. The firm has a market cap of $28.91 billion, a P/E ratio of 28.43, a P/E/G ratio of 2.63 and a beta of 0.61. The company’s 50-day moving average price is $49.12 and its two-hundred day moving average price is $46.79.

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

FirstEnergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 7th will be paid a dividend of $0.465 per share. The ex-dividend date is Thursday, May 7th. This is a boost from FirstEnergy’s previous quarterly dividend of $0.45. This represents a $1.86 annualized dividend and a yield of 3.7%. FirstEnergy’s dividend payout ratio is currently 101.14%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wolfe Research upgraded shares of FirstEnergy from a “peer perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research note on Tuesday, January 27th. UBS Group reduced their price objective on shares of FirstEnergy from $49.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Wells Fargo & Company decreased their target price on FirstEnergy from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Barclays lowered their price target on shares of FirstEnergy from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. Finally, 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. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, FirstEnergy has a consensus rating of “Moderate Buy” and an average price target 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.