8,860 Shares in FirstEnergy Corporation $FE Purchased by Callan Family Office LLC

Key Points

• Callan Family Office LLC has acquired 8,860 shares of FirstEnergy Corporation, valued at approximately $357,000, highlighting increased interest from institutional investors.
• Research analysts have given mixed ratings on FirstEnergy, with a consensus "Hold" rating, and target prices ranging from $43.00 to $53.00.
• FirstEnergy announced a quarterly dividend of $0.445 per share, representing a 3.7% dividend yield, with an ex-dividend date set for November 7th.

Callan Family Office LLC acquired a new position in shares of FirstEnergy Corporation (NYSE:FE - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,860 shares of the utilities provider's stock, valued at approximately $357,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in FirstEnergy by 0.5% during the first quarter. Vanguard Group Inc. now owns 66,150,214 shares of the utilities provider's stock worth $2,673,792,000 after purchasing an additional 306,313 shares during the period. Boston Partners lifted its position in FirstEnergy by 14.9% during the first quarter. Boston Partners now owns 18,962,859 shares of the utilities provider's stock worth $767,952,000 after purchasing an additional 2,459,779 shares during the period. Royal Bank of Canada lifted its position in FirstEnergy by 2.9% during the first quarter. Royal Bank of Canada now owns 4,098,769 shares of the utilities provider's stock worth $165,674,000 after purchasing an additional 116,825 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of FirstEnergy by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,430,753 shares of the utilities provider's stock worth $138,671,000 after acquiring an additional 28,683 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of FirstEnergy by 0.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,664,698 shares of the utilities provider's stock worth $107,707,000 after acquiring an additional 21,177 shares during the last quarter. Institutional investors own 89.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FE shares. Morgan Stanley dropped their target price on shares of FirstEnergy from $48.00 to $47.00 and set an "overweight" rating for the company in a report on Thursday, September 25th. Scotiabank reissued an "outperform" rating on shares of FirstEnergy in a report on Wednesday, October 8th. Barclays raised shares of FirstEnergy from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $43.00 to $49.00 in a report on Monday, August 25th. Citigroup started coverage on shares of FirstEnergy in a report on Tuesday, October 7th. They issued a "buy" rating and a $53.00 target price for the company. Finally, Mizuho increased their target price on shares of FirstEnergy from $43.00 to $45.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $46.83.

FirstEnergy Stock Performance

NYSE:FE opened at $47.65 on Thursday. The company has a market capitalization of $27.51 billion, a PE ratio of 21.08, a P/E/G ratio of 2.92 and a beta of 0.52. The company has a 50 day simple moving average of $44.32 and a two-hundred day simple moving average of $42.26. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.51 and a current ratio of 0.61. FirstEnergy Corporation has a fifty-two week low of $37.58 and a fifty-two week high of $47.83.

FirstEnergy (NYSE:FE - Get Free Report) last released its earnings results on Wednesday, July 30th. The utilities provider reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.02. The business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.45 billion. FirstEnergy had a net margin of 9.31% and a return on equity of 11.31%. During the same quarter in the prior year, the firm posted $0.56 EPS. FirstEnergy has set its FY 2025 guidance at 2.400-2.600 EPS. Research analysts anticipate that FirstEnergy Corporation will post 2.66 earnings per share for the current year.

FirstEnergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 7th will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $1.78 annualized dividend and a dividend yield of 3.7%. FirstEnergy's dividend payout ratio (DPR) is 78.76%.

FirstEnergy Profile

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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