FirstEnergy Corporation $FE Shares Sold by South Dakota Investment Council

South Dakota Investment Council lessened its stake in FirstEnergy Corporation (NYSE:FE) by 21.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 103,835 shares of the utilities provider’s stock after selling 28,200 shares during the quarter. South Dakota Investment Council’s holdings in FirstEnergy were worth $4,758,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mackenzie Financial Corp boosted its position in shares of FirstEnergy by 418.0% in the 2nd quarter. Mackenzie Financial Corp now owns 270,183 shares of the utilities provider’s stock valued at $10,878,000 after purchasing an additional 218,020 shares during the period. Advisors Asset Management Inc. lifted its stake in FirstEnergy by 52.7% during the second quarter. Advisors Asset Management Inc. now owns 42,632 shares of the utilities provider’s stock valued at $1,716,000 after buying an additional 14,718 shares in the last quarter. Edgestream Partners L.P. boosted its holdings in shares of FirstEnergy by 1,379.5% in the second quarter. Edgestream Partners L.P. now owns 114,945 shares of the utilities provider’s stock worth $4,628,000 after buying an additional 107,176 shares during the period. OMERS ADMINISTRATION Corp increased its position in shares of FirstEnergy by 218.6% in the second quarter. OMERS ADMINISTRATION Corp now owns 62,236 shares of the utilities provider’s stock worth $2,506,000 after acquiring an additional 42,700 shares in the last quarter. Finally, Atria Investments Inc lifted its position in shares of FirstEnergy by 84.7% in the 2nd quarter. Atria Investments Inc now owns 52,238 shares of the utilities provider’s stock valued at $2,103,000 after acquiring an additional 23,959 shares in the last quarter. 89.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. UBS Group lowered their price objective on shares of FirstEnergy from $49.00 to $46.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Barclays dropped their price target on FirstEnergy from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. Morgan Stanley restated an “overweight” rating on shares of FirstEnergy in a research report on Wednesday, February 11th. Mizuho set a $51.00 target price on FirstEnergy in a report on Thursday, February 19th. Finally, Wells Fargo & Company reduced their price target on shares of FirstEnergy from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.31.

FirstEnergy Stock Performance

Shares of NYSE FE opened at $50.52 on Wednesday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.57 and a quick ratio of 0.46. FirstEnergy Corporation has a one year low of $37.58 and a one year high of $51.39. The business’s 50-day moving average price is $47.27 and its two-hundred day moving average price is $45.95. The company has a market capitalization of $29.20 billion, a P/E ratio of 28.70, a price-to-earnings-growth ratio of 2.90 and a beta of 0.61.

FirstEnergy (NYSE:FE) last announced its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.20 billion. FirstEnergy had a return on equity of 10.50% and a net margin of 6.76%.During the same period in the previous year, the company earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Analysts anticipate that FirstEnergy Corporation will post 2.66 earnings per share for the current fiscal 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 given a $0.465 dividend. This is a positive change from FirstEnergy’s previous quarterly dividend of $0.45. This represents a $1.86 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, May 7th. FirstEnergy’s payout ratio is presently 101.14%.

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.