Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Holdings in FirstEnergy Corporation $FE

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in FirstEnergy Corporation (NYSE:FE) by 1.6% during the 3rd quarter, Holdings Channel reports. The firm owned 1,054,989 shares of the utilities provider’s stock after purchasing an additional 16,700 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in FirstEnergy were worth $48,340,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. American National Bank & Trust raised its position in shares of FirstEnergy by 380.2% in the third quarter. American National Bank & Trust now owns 581 shares of the utilities provider’s stock valued at $27,000 after buying an additional 460 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in FirstEnergy in the 3rd quarter valued at $27,000. TruNorth Capital Management LLC lifted its stake in shares of FirstEnergy by 187.5% during the 3rd quarter. TruNorth Capital Management LLC now owns 621 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 405 shares during the period. State of Wyoming acquired a new stake in shares of FirstEnergy during the second quarter worth $25,000. Finally, Caldwell Trust Co purchased a new stake in shares of FirstEnergy in the second quarter valued at $35,000. 89.41% of the stock is currently owned by hedge funds and other institutional investors.

FirstEnergy Stock Up 1.0%

Shares of FirstEnergy stock opened at $51.15 on Friday. FirstEnergy Corporation has a twelve month low of $37.58 and a twelve month high of $51.34. The stock has a market cap of $29.56 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 2.91 and a beta of 0.64. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.83. The company has a fifty day moving average price of $47.02 and a 200 day moving average price of $45.83.

FirstEnergy (NYSE:FE) last released its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. FirstEnergy had a return on equity of 10.50% and a net margin of 6.76%.The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the company posted $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Equities research analysts forecast that FirstEnergy Corporation will post 2.66 earnings per share for the current fiscal year.

FirstEnergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 7th will be given a dividend of $0.465 per share. This is a boost from FirstEnergy’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, May 7th. This represents a $1.86 annualized dividend and a yield of 3.6%. FirstEnergy’s dividend payout ratio is presently 101.14%.

Analyst Ratings Changes

A number of brokerages have issued reports on FE. Wolfe Research raised FirstEnergy from a “peer perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research note on Tuesday, January 27th. Weiss Ratings cut shares of FirstEnergy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 19th. Mizuho set a $51.00 price target on shares of FirstEnergy in a research report on Thursday, February 19th. Wells Fargo & Company cut their price target on shares of FirstEnergy from $54.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Finally, UBS Group lowered their price objective on shares of FirstEnergy from $49.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, FirstEnergy presently has a consensus rating of “Moderate Buy” and an average target price of $49.31.

FirstEnergy Company Profile

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.