First Trust Advisors LP Reduces Holdings in FirstEnergy Corporation $FE

First Trust Advisors LP trimmed its holdings in shares of FirstEnergy Corporation (NYSE:FE) by 14.7% in the first quarter, HoldingsChannel reports. The firm owned 2,595,886 shares of the utilities provider’s stock after selling 448,277 shares during the period. First Trust Advisors LP’s holdings in FirstEnergy were worth $131,508,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of FirstEnergy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 68,109,341 shares of the utilities provider’s stock valued at $3,049,255,000 after acquiring an additional 761,157 shares in the last quarter. Boston Partners increased its position in FirstEnergy by 13.5% during the 3rd quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock worth $841,161,000 after purchasing an additional 2,185,400 shares in the last quarter. Geode Capital Management LLC increased its position in FirstEnergy by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 13,463,298 shares of the utilities provider’s stock worth $600,351,000 after purchasing an additional 126,834 shares in the last quarter. Invesco Ltd. raised its stake in FirstEnergy by 0.3% in the 4th quarter. Invesco Ltd. now owns 11,722,471 shares of the utilities provider’s stock valued at $524,815,000 after purchasing an additional 34,014 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in FirstEnergy by 7.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,971,706 shares of the utilities provider’s stock valued at $508,158,000 after purchasing an additional 694,449 shares during the last quarter. Hedge funds and other institutional investors own 89.41% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on FE shares. Barclays raised their price target on shares of FirstEnergy from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday. New Street Research set a $52.00 price objective on shares of FirstEnergy in a research report on Tuesday, April 21st. Wolfe Research downgraded shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Morgan Stanley reissued an “overweight” rating on shares of FirstEnergy in a research note on Wednesday. Finally, Jefferies Financial Group lifted their target price on shares of FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $52.92.

FirstEnergy Stock Performance

NYSE FE opened at $49.48 on Friday. The business’s 50-day moving average price is $47.09 and its 200 day moving average price is $48.09. FirstEnergy Corporation has a twelve month low of $41.17 and a twelve month high of $52.34. The company has a market capitalization of $28.62 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 2.36 and a beta of 0.47. 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 (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 firm had revenue of $4.20 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. 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, research analysts predict that FirstEnergy Corporation will post 2.74 earnings per share for the current year.

FirstEnergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be issued a dividend of $0.465 per share. This represents a $1.86 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, August 7th. FirstEnergy’s dividend payout ratio is presently 101.09%.

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.