FirstEnergy (NYSE:FE) CFO Jon Taylor K. Sells 26,800 Shares

FirstEnergy Corporation (NYSE:FE) CFO Jon Taylor K. sold 26,800 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $50.94, for a total value of $1,365,192.00. Following the sale, the chief financial officer directly owned 119,552 shares of the company’s stock, valued at $6,089,978.88. This represents a 18.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

FirstEnergy Trading Up 0.4%

FirstEnergy stock traded up $0.20 during trading hours on Thursday, reaching $50.85. 3,324,472 shares of the company’s stock traded hands, compared to its average volume of 4,784,787. The firm has a market capitalization of $29.39 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 2.66 and a beta of 0.61. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.46 and a current ratio of 0.57. FirstEnergy Corporation has a fifty-two week low of $37.58 and a fifty-two week high of $51.44. The firm’s 50 day moving average is $47.97 and its 200-day moving average is $46.23.

FirstEnergy (NYSE:FE) last issued its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.52 by $0.01. The company had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.20 billion. FirstEnergy had a net margin of 6.76% and a return on equity of 10.50%. During the same quarter in the previous year, the company earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, analysts predict that FirstEnergy Corporation will post 2.66 earnings per share for the current year.

FirstEnergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 7th will be issued a dividend of $0.465 per share. The ex-dividend date of this dividend is Thursday, May 7th. This represents a $1.86 dividend on an annualized basis and a yield of 3.7%. This is a boost from FirstEnergy’s previous quarterly dividend of $0.45. FirstEnergy’s dividend payout ratio (DPR) is presently 101.14%.

Institutional Trading of FirstEnergy

Several hedge funds and other institutional investors have recently modified their holdings of FE. Federated Hermes Inc. grew its holdings in shares of FirstEnergy by 198.1% during the second quarter. Federated Hermes Inc. now owns 6,888,967 shares of the utilities provider’s stock worth $277,350,000 after buying an additional 4,578,375 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in FirstEnergy in the 4th quarter valued at approximately $123,018,000. BROOKFIELD Corp ON bought a new stake in FirstEnergy in the 4th quarter valued at approximately $110,332,000. Boston Partners lifted its stake in FirstEnergy by 13.5% in the 3rd quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock valued at $841,161,000 after acquiring an additional 2,185,400 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in FirstEnergy by 56.0% during the 4th quarter. Victory Capital Management Inc. now owns 5,506,251 shares of the utilities provider’s stock worth $246,515,000 after acquiring an additional 1,977,504 shares during the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Mizuho set a $51.00 price target on FirstEnergy in a research note on Thursday, February 19th. UBS Group decreased their price objective on FirstEnergy from $49.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Morgan Stanley reiterated an “overweight” rating on shares of FirstEnergy in a report on Wednesday, February 11th. Wolfe Research upgraded FirstEnergy from a “peer perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Tuesday, January 27th. Finally, Wells Fargo & Company reduced their target price on FirstEnergy from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.71.

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.