7,252 Shares in FirstEnergy Corporation $FE Bought by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC purchased a new position in FirstEnergy Corporation (NYSE:FE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,252 shares of the utilities provider’s stock, valued at approximately $292,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in FirstEnergy by 0.5% during the first quarter. Vanguard Group Inc. now owns 66,150,214 shares of the utilities provider’s stock valued at $2,673,792,000 after buying an additional 306,313 shares during the period. Boston Partners boosted its holdings in FirstEnergy by 14.9% in the 1st quarter. Boston Partners now owns 18,962,859 shares of the utilities provider’s stock valued at $767,952,000 after purchasing an additional 2,459,779 shares during the period. Royal Bank of Canada grew its holdings in shares of FirstEnergy by 2.9% during the 1st quarter. Royal Bank of Canada now owns 4,098,769 shares of the utilities provider’s stock worth $165,674,000 after purchasing an additional 116,825 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in FirstEnergy by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,430,753 shares of the utilities provider’s stock valued at $138,671,000 after buying an additional 28,683 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in FirstEnergy by 0.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,664,698 shares of the utilities provider’s stock valued at $107,707,000 after purchasing an additional 21,177 shares during the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.

FirstEnergy Stock Performance

NYSE:FE opened at $45.90 on Friday. FirstEnergy Corporation has a fifty-two week low of $37.58 and a fifty-two week high of $48.20. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.51 and a current ratio of 0.75. The company has a 50 day simple moving average of $45.07 and a two-hundred day simple moving average of $42.84. The company has a market capitalization of $26.50 billion, a PE ratio of 20.04, a P/E/G ratio of 2.80 and a beta of 0.52.

FirstEnergy (NYSE:FE) last announced its earnings results on Wednesday, October 22nd. The utilities provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.76 by $0.07. FirstEnergy had a return on equity of 11.15% and a net margin of 9.19%.The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $3.94 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. FirstEnergy has set its FY 2025 guidance at 2.500-2.560 EPS. Research analysts anticipate that FirstEnergy Corporation will post 2.66 earnings per share for the current year.

FirstEnergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 7th will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, November 7th. FirstEnergy’s dividend payout ratio (DPR) is currently 77.73%.

Analysts Set New Price Targets

FE has been the subject of a number of recent research reports. KeyCorp downgraded FirstEnergy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 14th. Barclays raised FirstEnergy from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $43.00 to $49.00 in a research report on Monday, August 25th. UBS Group raised their price objective on FirstEnergy from $47.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Morgan Stanley upped their price target on shares of FirstEnergy from $47.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Finally, Mizuho lifted their price objective on FirstEnergy from $45.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.08.

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.