Yousif Capital Management LLC Sells 3,963 Shares of FirstEnergy Corporation $FE

Yousif Capital Management LLC lowered its position in shares of FirstEnergy Corporation (NYSE:FE) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,171 shares of the utilities provider’s stock after selling 3,963 shares during the quarter. Yousif Capital Management LLC’s holdings in FirstEnergy were worth $3,671,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. MGO One Seven LLC boosted its position in FirstEnergy by 35.6% during the second quarter. MGO One Seven LLC now owns 15,104 shares of the utilities provider’s stock valued at $608,000 after acquiring an additional 3,965 shares during the last quarter. CWM LLC boosted its position in FirstEnergy by 2.0% during the second quarter. CWM LLC now owns 12,044 shares of the utilities provider’s stock valued at $485,000 after acquiring an additional 240 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in FirstEnergy by 31.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 58,172 shares of the utilities provider’s stock valued at $2,344,000 after acquiring an additional 13,909 shares during the last quarter. Tranquility Partners LLC boosted its position in FirstEnergy by 8.2% during the second quarter. Tranquility Partners LLC now owns 19,651 shares of the utilities provider’s stock valued at $791,000 after acquiring an additional 1,492 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in FirstEnergy by 9.4% during the second quarter. Concurrent Investment Advisors LLC now owns 8,884 shares of the utilities provider’s stock valued at $358,000 after acquiring an additional 761 shares during the last quarter. Institutional investors own 89.41% of the company’s stock.

FirstEnergy Trading Up 0.3%

NYSE:FE opened at $47.65 on Thursday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.51 and a current ratio of 0.61. The firm has a market cap of $27.51 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 2.92 and a beta of 0.52. FirstEnergy Corporation has a 52 week low of $37.58 and a 52 week high of $47.83. The firm has a 50-day moving average price of $44.32 and a two-hundred day moving average price of $42.26.

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

FirstEnergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be paid a $0.445 dividend. The ex-dividend date is Friday, November 7th. This represents a $1.78 annualized dividend and a yield of 3.7%. FirstEnergy’s dividend payout ratio (DPR) is 78.76%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on FE shares. Morgan Stanley cut their price objective 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. KeyCorp cut shares of FirstEnergy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday. Mizuho increased their price objective on shares of FirstEnergy from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Barclays raised shares of FirstEnergy from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $43.00 to $49.00 in a research report on Monday, August 25th. Finally, Citigroup assumed coverage on shares of FirstEnergy in a report on Tuesday, October 7th. They issued a “buy” rating and a $53.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $46.83.

FirstEnergy 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.