FirstEnergy Corporation $FE Stake Raised by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC grew its holdings in shares of FirstEnergy Corporation (NYSE:FE) by 4.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,500 shares of the utilities provider’s stock after buying an additional 1,686 shares during the period. Linden Thomas Advisory Services LLC’s holdings in FirstEnergy were worth $1,631,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of 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 last quarter. Boston Partners raised its holdings in shares of FirstEnergy by 14.9% during the first quarter. Boston Partners now owns 18,962,859 shares of the utilities provider’s stock valued at $767,952,000 after buying an additional 2,459,779 shares during the last quarter. Royal Bank of Canada increased its stake in shares of FirstEnergy by 2.9% during the first quarter. Royal Bank of Canada now owns 4,098,769 shares of the utilities provider’s stock valued at $165,674,000 after acquiring an additional 116,825 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of FirstEnergy by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,430,753 shares of the utilities provider’s stock valued at $138,671,000 after acquiring an additional 28,683 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of FirstEnergy by 0.8% during the first 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 acquiring an additional 21,177 shares during the period. Institutional investors own 89.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Barclays upgraded shares of FirstEnergy from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $43.00 to $49.00 in a research note on Monday, August 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of FirstEnergy in a research note on Saturday. Scotiabank raised their price objective on shares of FirstEnergy from $49.00 to $51.00 and gave the company a “sector outperform” rating in a research note on Friday. KeyCorp lowered shares of FirstEnergy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 14th. Finally, Mizuho raised their price objective on shares of FirstEnergy from $45.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday. Seven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $48.25.

FirstEnergy Trading Up 0.6%

FirstEnergy stock opened at $46.80 on Friday. The company has a 50 day moving average price of $44.80 and a 200 day moving average price of $42.64. FirstEnergy Corporation has a 52 week low of $37.58 and a 52 week high of $48.20. 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 capitalization of $27.02 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 3.15 and a beta of 0.52.

FirstEnergy (NYSE:FE) last posted its quarterly earnings data on Wednesday, October 22nd. The utilities provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. FirstEnergy had a net margin of 9.19% and a return on equity of 11.20%. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $3.94 billion. During the same quarter last year, the business posted $0.85 EPS. The company’s revenue was up 10.8% on a year-over-year basis. FirstEnergy has set its FY 2025 guidance at 2.500-2.560 EPS. Research analysts forecast that FirstEnergy Corporation will post 2.66 EPS for the current year.

FirstEnergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be paid a dividend of $0.445 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.8%. FirstEnergy’s dividend payout ratio (DPR) is 77.73%.

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.