Renaissance Technologies LLC Sells 855,600 Shares of FirstEnergy Corporation $FE

Posted by George Bondi on Aug 1st, 2026

Renaissance Technologies LLC lessened its position in FirstEnergy Corporation (NYSE:FE – Free Report) by 76.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 263,108 shares of the utilities provider’s stock after selling 855,600 shares during the quarter. Renaissance Technologies LLC’s holdings in FirstEnergy were worth $13,329,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. State of Wyoming purchased a new stake in FirstEnergy in the second quarter worth $25,000. DV Equities LLC purchased a new position in FirstEnergy during the fourth quarter valued at $33,000. Pinnacle Bancorp Inc. lifted its position in FirstEnergy by 44.4% during the first quarter. Pinnacle Bancorp Inc. now owns 754 shares of the utilities provider’s stock valued at $38,000 after buying an additional 232 shares during the period. Quest 10 Wealth Builders Inc. boosted its holdings in shares of FirstEnergy by 507.9% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock valued at $34,000 after buying an additional 640 shares in the last quarter. Finally, Summit Securities Group LLC boosted its holdings in shares of FirstEnergy by 148.0% during the 4th quarter. Summit Securities Group LLC now owns 771 shares of the utilities provider’s stock valued at $35,000 after buying an additional 2,376 shares in the last quarter. 89.41% of the stock is currently owned by institutional investors.

FirstEnergy Stock Down 0.7%

FE stock opened at $48.38 on Friday. FirstEnergy Corporation has a 1-year low of $41.87 and a 1-year high of $52.34. The business has a fifty day moving average price of $47.58 and a 200-day moving average price of $48.25. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.54 and a quick ratio of 0.42. The stock has a market capitalization of $27.99 billion, a P/E ratio of 25.73, a P/E/G ratio of 2.33 and a beta of 0.47.

FirstEnergy (NYSE:FE – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. FirstEnergy had a net margin of 6.86% and a return on equity of 10.51%. The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter last year, the firm posted $0.52 EPS. Equities analysts forecast that FirstEnergy Corporation will post 2.73 earnings per share for the current fiscal year.

FirstEnergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be given a $0.465 dividend. This represents a $1.86 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, August 7th. FirstEnergy’s dividend payout ratio (DPR) is presently 98.94%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FE. Barclays reduced their target price on shares of FirstEnergy from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Friday. Weiss Ratings lowered shares of FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 17th. Morgan Stanley restated an “overweight” rating on shares of FirstEnergy in a report on Wednesday, July 22nd. New Street Research set a $52.00 target price on shares of FirstEnergy in a research note on Tuesday, April 21st. Finally, Jefferies Financial Group lifted their target price on shares of FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, April 21st. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $52.83.

Get Our Latest Stock Analysis on FE

About FirstEnergy

(Free Report)

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.