FirstEnergy Corporation $FE Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its position in FirstEnergy Corporation (NYSE:FE) by 1.4% in the first quarter, Holdings Channel reports. The institutional investor owned 1,161,926 shares of the utilities provider’s stock after selling 16,793 shares during the period. The Manufacturers Life Insurance Company’s holdings in FirstEnergy were worth $58,863,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Eurizon Capital SGR S.p.A. purchased a new stake in shares of FirstEnergy during the 4th quarter worth about $123,018,000. BROOKFIELD Corp ON acquired a new position in FirstEnergy in the 4th quarter worth about $110,332,000. Boston Partners boosted its position in FirstEnergy by 13.5% during the third quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock worth $841,161,000 after purchasing an additional 2,185,400 shares in the last quarter. Victory Capital Management Inc. grew its holdings in FirstEnergy by 56.0% in the fourth quarter. Victory Capital Management Inc. now owns 5,506,251 shares of the utilities provider’s stock valued at $246,515,000 after purchasing an additional 1,977,504 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of FirstEnergy by 11,305.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,974,989 shares of the utilities provider’s stock valued at $81,699,000 after buying an additional 1,957,673 shares in the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

Analyst Ratings Changes

FE has been the topic of a number of research analyst reports. Weiss Ratings cut shares of FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 17th. TD Cowen upgraded shares of FirstEnergy from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $56.00 to $53.00 in a research report on Friday, May 15th. Barclays increased their price objective on shares of FirstEnergy from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, July 20th. 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 research report on Tuesday, April 21st. Finally, New Street Research set a $52.00 target price on shares of FirstEnergy in a research note on Tuesday, April 21st. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $52.92.

Key FirstEnergy News

Here are the key news stories impacting FirstEnergy this week:

• Positive Sentiment: FirstEnergy reported second-quarter revenue of approximately $3.7 billion, above the $3.51 billion analyst consensus, while GAAP earnings rose to $288 million, or $0.50 per share, from $268 million, or $0.46 per share, a year earlier. FirstEnergy Reports Strong Second Quarter 2026 Results
• Positive Sentiment: Transmission growth, improved operating efficiency and rising electricity demand from data centers supported the quarter. Contracted and pipeline data-center demand increased 30% from the first quarter to 6.4 gigawatts, with West Virginia demand up 137% to 4.3 gigawatts. FirstEnergy quarterly profit rises on data center demand
• Positive Sentiment: Management reaffirmed its 2026 Core Earnings guidance of $2.62 to $2.82 per share, its goal of compound Core Earnings growth near the top of the 6%–8% range through 2030, and the five-year $36 billion Energize365 capital-investment program. FirstEnergy also deployed $2.9 billion in capital during the first half of 2026. FirstEnergy Q2 Earnings Beat Estimates
• Neutral Sentiment: Core and GAAP earnings were $0.50 per share, matching the broader analyst consensus, although one estimate measured against $0.49 and characterized the result as a modest beat. Core earnings declined from $0.52 per share in the prior-year quarter, limiting the positive reaction. FirstEnergy quarterly earnings report
• Negative Sentiment: Recent insider activity was entirely selling: executives sold shares in four reported transactions over the past six months. While not necessarily tied to the earnings report, this may add a modest overhang for investors. FirstEnergy Reports $288 Million Q2 GAAP Earnings

FirstEnergy Stock Performance

Shares of NYSE:FE opened at $49.12 on Thursday. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.52 and a quick ratio of 0.42. FirstEnergy Corporation has a 1 year low of $41.64 and a 1 year high of $52.34. The firm has a market capitalization of $28.41 billion, a PE ratio of 26.13, a P/E/G ratio of 2.38 and a beta of 0.47. The business’s 50 day moving average price is $47.48 and its 200-day moving average price is $48.22.

FirstEnergy (NYSE:FE) last posted its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.51 billion. FirstEnergy had a return on equity of 10.57% and a net margin of 6.86%.During the same period in the prior year, the company earned $0.52 EPS. As a group, equities research analysts expect that FirstEnergy Corporation will post 2.73 earnings per share for the current fiscal year.

FirstEnergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be issued a dividend of $0.465 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.8%. FirstEnergy’s dividend payout ratio is presently 101.09%.

About FirstEnergy

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.