Hennion & Walsh Asset Management Inc. Has $2.40 Million Stake in FirstEnergy Corporation $FE

Hennion & Walsh Asset Management Inc. cut its stake in FirstEnergy Corporation (NYSE:FE) by 18.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,512 shares of the utilities provider’s stock after selling 11,765 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in FirstEnergy were worth $2,396,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. American National Bank & Trust boosted its position in shares of FirstEnergy by 380.2% during the third quarter. American National Bank & Trust now owns 581 shares of the utilities provider’s stock valued at $27,000 after buying an additional 460 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in FirstEnergy during the third quarter worth $27,000. TruNorth Capital Management LLC raised its position in FirstEnergy by 187.5% in the 3rd quarter. TruNorth Capital Management LLC now owns 621 shares of the utilities provider’s stock valued at $28,000 after buying an additional 405 shares during the last quarter. State of Wyoming purchased a new stake in FirstEnergy in the 2nd quarter valued at $25,000. Finally, Olistico Wealth LLC bought a new position in FirstEnergy during the 4th quarter valued at $31,000. Institutional investors own 89.41% of the company’s stock.

Insiders Place Their Bets

In other news, Director James F. Oneil sold 7,945 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 1,869 shares in the company, valued at $94,571.40. This trade represents a 80.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jon Taylor K. sold 26,800 shares of FirstEnergy stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $50.94, for a total transaction of $1,365,192.00. Following the completion of the sale, the chief financial officer directly owned 119,552 shares in the company, valued at $6,089,978.88. This trade represents a 18.31% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 39,118 shares of company stock valued at $1,989,532. Company insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of FirstEnergy from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Scotiabank reiterated an “outperform” rating on shares of FirstEnergy in a report on Thursday, February 19th. UBS Group dropped their price target 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. Mizuho set a $51.00 price target on shares of FirstEnergy in a report on Thursday, February 19th. Finally, Wells Fargo & Company reduced their price objective on shares of FirstEnergy from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $49.71.

FirstEnergy Stock Up 0.5%

FE stock opened at $50.66 on Wednesday. The stock has a market cap of $29.28 billion, a P/E ratio of 28.79, a P/E/G ratio of 2.65 and a beta of 0.61. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.83. The stock’s fifty day simple moving average is $49.25 and its two-hundred day simple moving average is $46.91. FirstEnergy Corporation has a 1-year low of $37.58 and a 1-year high of $52.29.

FirstEnergy (NYSE:FE) last announced its earnings results 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. The firm had revenue of $3.80 billion during the quarter, compared to analyst estimates 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 firm posted $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Analysts expect that FirstEnergy Corporation will post 2.66 EPS for the current year.

FirstEnergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 7th will be given a $0.465 dividend. This is a positive change from FirstEnergy’s previous quarterly dividend of $0.45. This represents a $1.86 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, May 7th. FirstEnergy’s payout ratio is presently 105.68%.

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.