Sei Investments Co. Acquires 112,319 Shares of FirstEnergy Corporation $FE

Sei Investments Co. increased its holdings in shares of FirstEnergy Corporation (NYSE:FE) by 9.5% during the first quarter, Holdings Channel reports. The fund owned 1,290,126 shares of the utilities provider’s stock after acquiring an additional 112,319 shares during the quarter. Sei Investments Co.’s holdings in FirstEnergy were worth $65,360,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Lido Advisors LLC lifted its holdings in FirstEnergy by 31.3% during the 1st quarter. Lido Advisors LLC now owns 14,468 shares of the utilities provider’s stock valued at $733,000 after purchasing an additional 3,447 shares during the last quarter. State of Wyoming boosted its position in FirstEnergy by 582.7% during the first quarter. State of Wyoming now owns 4,779 shares of the utilities provider’s stock worth $242,000 after purchasing an additional 4,079 shares during the period. Cetera Investment Advisers increased its holdings in shares of FirstEnergy by 8.3% in the first quarter. Cetera Investment Advisers now owns 285,170 shares of the utilities provider’s stock valued at $14,447,000 after purchasing an additional 21,861 shares during the last quarter. Arvest Bank Trust Division increased its holdings in shares of FirstEnergy by 1.3% in the first quarter. Arvest Bank Trust Division now owns 29,743 shares of the utilities provider’s stock valued at $1,507,000 after purchasing an additional 379 shares during the last quarter. Finally, First Citizens Bank & Trust Co. acquired a new position in shares of FirstEnergy in the first quarter valued at $19,456,000. 89.41% of the stock is owned by institutional investors and hedge funds.

FirstEnergy Stock Up 0.8%

NYSE FE opened at $49.91 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 1.87. FirstEnergy Corporation has a 1-year low of $41.30 and a 1-year high of $52.34. The company has a 50 day moving average of $47.21 and a 200-day moving average of $48.10. The company has a market cap of $28.87 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 2.37 and a beta of 0.47.

FirstEnergy (NYSE:FE) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.72. The business had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $3.80 billion. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, equities research analysts expect that FirstEnergy Corporation will post 2.73 earnings per share for the current fiscal year.

FirstEnergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be given a dividend of $0.465 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, August 7th. FirstEnergy’s dividend payout ratio is presently 101.09%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FE. Wells Fargo & Company restated an “overweight” rating and set a $55.00 target price on shares of FirstEnergy in a research note on Tuesday, April 21st. Barclays lifted their target price on shares of FirstEnergy from $53.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday. New Street Research set a $52.00 price target on shares of FirstEnergy in a research note on Tuesday, April 21st. Jefferies Financial Group increased their price target on shares of FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, April 21st. Finally, UBS Group raised their price objective on shares of FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.92.

FirstEnergy News Summary

Here are the key news stories impacting FirstEnergy this week:

• Positive Sentiment: Wells Fargo initiated/maintained a Buy stance on FirstEnergy, signaling renewed analyst confidence in the utility’s outlook. FirstEnergy (FE) Receives a Buy from Wells Fargo
• Positive Sentiment: KeyCorp raised longer-term earnings estimates for FY2028, FY2029 and FY2030, suggesting expectations for steady earnings growth over time.
• Positive Sentiment: FirstEnergy declared a quarterly dividend of $0.465 per share with a roughly 3.8% annualized yield, reinforcing its appeal to income-focused investors.
• Neutral Sentiment: KeyCorp trimmed its FY2026 EPS estimate slightly to $2.72 from $2.73, but that is still close to the current consensus of $2.74 and does not materially change the near-term outlook.
• Neutral Sentiment: KeyCorp’s near-term quarter estimates imply mixed results, including Q2 EPS of $0.47 and Q3 EPS of $0.98, leaving investors focused on whether upcoming earnings can beat expectations.
• Neutral Sentiment: In a preview of upcoming results, analysts expect Q2 revenue to rise about 6.28% on load growth and grid investment, while EPS may decline modestly, a mixed but not alarming setup ahead of reporting. FirstEnergy to Report Q2 Earnings: What’s in Store for the Stock?

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.