7,000 Shares in FirstEnergy Corporation $FE Acquired by CHICAGO TRUST Co NA

Key Points

• CHICAGO TRUST Co NA acquired 7,000 shares of FirstEnergy Corporation, valued at approximately $282,000, indicating growing institutional interest in the utilities provider.
• FirstEnergy recently reported a quarterly EPS of $0.52, exceeding analyst expectations of $0.50, with a projected FY 2025 EPS guidance of 2.400-2.600.
• The company declared a quarterly dividend of $0.445 per share, representing an annual yield of 4.0%, with the ex-dividend date set for November 7th.

CHICAGO TRUST Co NA acquired a new position in shares of FirstEnergy Corporation (NYSE:FE - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,000 shares of the utilities provider's stock, valued at approximately $282,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Dakota Wealth Management boosted its position in shares of FirstEnergy by 3.4% during the 1st quarter. Dakota Wealth Management now owns 7,633 shares of the utilities provider's stock worth $309,000 after purchasing an additional 249 shares during the period. Kovitz Investment Group Partners LLC boosted its position in shares of FirstEnergy by 2.4% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 10,807 shares of the utilities provider's stock worth $437,000 after purchasing an additional 255 shares during the period. Equitable Trust Co. boosted its position in FirstEnergy by 1.2% in the 1st quarter. Equitable Trust Co. now owns 22,677 shares of the utilities provider's stock valued at $917,000 after buying an additional 266 shares during the period. Firethorn Wealth Partners LLC boosted its position in FirstEnergy by 5.5% in the 1st quarter. Firethorn Wealth Partners LLC now owns 5,492 shares of the utilities provider's stock valued at $222,000 after buying an additional 287 shares during the period. Finally, Tranquility Partners LLC boosted its position in FirstEnergy by 1.7% in the 1st quarter. Tranquility Partners LLC now owns 18,159 shares of the utilities provider's stock valued at $734,000 after buying an additional 297 shares during the period. Hedge funds and other institutional investors own 89.41% of the company's stock.

FirstEnergy Price Performance

FirstEnergy stock opened at $44.07 on Thursday. The stock has a market cap of $25.44 billion, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 2.69 and a beta of 0.50. The company has a fifty day simple moving average of $43.06 and a 200-day simple moving average of $41.54. FirstEnergy Corporation has a 12-month low of $37.58 and a 12-month high of $44.58. The company has a current ratio of 0.61, a quick ratio of 0.51 and a debt-to-equity ratio of 1.68.

FirstEnergy (NYSE:FE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. FirstEnergy had a net margin of 9.31% and a return on equity of 11.31%. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same period last year, the business earned $0.56 EPS. FirstEnergy has set its FY 2025 guidance at 2.400-2.600 EPS. Equities analysts expect that FirstEnergy Corporation will post 2.66 EPS for the current fiscal year.

FirstEnergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 7th will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, November 7th. FirstEnergy's dividend payout ratio (DPR) is currently 78.76%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. UBS Group set a $44.00 price target on shares of FirstEnergy and gave the company a "neutral" rating in a research report on Tuesday, June 24th. Mizuho raised their price target on shares of FirstEnergy from $43.00 to $45.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. KeyCorp reissued an "overweight" rating and issued a $46.00 price target (down previously from $47.00) on shares of FirstEnergy in a research report on Wednesday, July 16th. Barclays raised shares of FirstEnergy from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $43.00 to $49.00 in a research report on Monday, August 25th. Finally, Morgan Stanley reissued an "overweight" rating on shares of FirstEnergy in a research report on Thursday, August 21st. Six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, FirstEnergy currently has an average rating of "Hold" and an average price target of $46.00.

About FirstEnergy

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.

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