Knights of Columbus Asset Advisors LLC Has $4.18 Million Position in FirstEnergy Corporation $FE

Knights of Columbus Asset Advisors LLC grew its stake in FirstEnergy Corporation (NYSE:FE) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,880 shares of the utilities provider’s stock after purchasing an additional 3,474 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in FirstEnergy were worth $4,182,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Cambridge Investment Research Advisors Inc. lifted its position in FirstEnergy by 14.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 71,333 shares of the utilities provider’s stock worth $2,883,000 after acquiring an additional 8,879 shares during the last quarter. Johnson Investment Counsel Inc. increased its stake in shares of FirstEnergy by 3.8% during the first quarter. Johnson Investment Counsel Inc. now owns 9,983 shares of the utilities provider’s stock worth $403,000 after purchasing an additional 366 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in FirstEnergy by 9.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 17,759 shares of the utilities provider’s stock worth $718,000 after purchasing an additional 1,464 shares during the last quarter. Brighton Jones LLC bought a new stake in FirstEnergy in the 4th quarter valued at $256,000. Finally, Vontobel Holding Ltd. boosted its stake in FirstEnergy by 29.7% in the 1st quarter. Vontobel Holding Ltd. now owns 7,684 shares of the utilities provider’s stock valued at $311,000 after purchasing an additional 1,760 shares during the period. Institutional investors own 89.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FE shares. KeyCorp reissued an “overweight” rating and set a $46.00 target price (down previously from $47.00) on shares of FirstEnergy in a report on Wednesday, July 16th. Mizuho lifted their price objective on shares of FirstEnergy from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Morgan Stanley decreased their target price on shares of FirstEnergy from $48.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Barclays upgraded FirstEnergy from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $43.00 to $49.00 in a research note on Monday, August 25th. Finally, UBS Group set a $44.00 price objective on FirstEnergy and gave the stock a “neutral” rating in a research note on Tuesday, June 24th. Seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $46.00.

FirstEnergy Stock Performance

FirstEnergy stock opened at $45.92 on Monday. The stock has a market cap of $26.52 billion, a PE ratio of 20.32, a P/E/G ratio of 2.82 and a beta of 0.52. The company has a quick ratio of 0.51, a current ratio of 0.61 and a debt-to-equity ratio of 1.68. FirstEnergy Corporation has a 12-month low of $37.58 and a 12-month high of $46.27. The business’s 50-day moving average price is $43.65 and its two-hundred day moving average price is $41.87.

FirstEnergy (NYSE:FE) last released its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The business had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.45 billion. FirstEnergy had a net margin of 9.31% and a return on equity of 11.31%. During the same period in the prior year, the company earned $0.56 EPS. FirstEnergy has set its FY 2025 guidance at 2.400-2.600 EPS. As a group, analysts expect that FirstEnergy Corporation will post 2.66 earnings per share for the current fiscal year.

FirstEnergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, November 7th. FirstEnergy’s dividend payout ratio is 78.76%.

FirstEnergy Company Profile

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities.