Capital World Investors Buys 305,531 Shares of FirstEnergy Corporation $FE

Key Points

• Capital World Investors lifted its stake in FirstEnergy by 305,531 shares to 78,328,151 shares (about 13.56%), a holding worth ~$3.59B, while institutional ownership of the stock is roughly 89.41%.
• FirstEnergy slightly beat quarterly EPS estimates ($0.53 vs. $0.52) and reported revenue of $3.80B (vs. $3.20B expected), and set FY2026 guidance of $2.62–$2.82 EPS.
• The company raised its quarterly dividend to $0.465 (annualized $1.86; yield ~3.6%), and the stock trades near $50.98 with a MarketBeat average analyst price target of $49.31 and a "Moderate Buy" consensus.

Capital World Investors lifted its stake in FirstEnergy Corporation (NYSE:FE - Free Report) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,328,151 shares of the utilities provider's stock after buying an additional 305,531 shares during the period. Capital World Investors owned approximately 13.56% of FirstEnergy worth $3,588,992,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC bought a new position in shares of FirstEnergy in the fourth quarter worth approximately $256,000. Integrated Wealth Concepts LLC purchased a new stake in FirstEnergy during the 1st quarter valued at $289,000. Empowered Funds LLC boosted its position in FirstEnergy by 7.0% during the 1st quarter. Empowered Funds LLC now owns 11,213 shares of the utilities provider's stock valued at $453,000 after buying an additional 732 shares during the period. Woodline Partners LP increased its position in shares of FirstEnergy by 40.7% in the first quarter. Woodline Partners LP now owns 43,334 shares of the utilities provider's stock valued at $1,752,000 after acquiring an additional 12,531 shares during the period. Finally, Focus Partners Wealth raised its stake in shares of FirstEnergy by 6.8% during the first quarter. Focus Partners Wealth now owns 21,178 shares of the utilities provider's stock valued at $856,000 after acquiring an additional 1,340 shares during the last quarter. 89.41% of the stock is currently owned by hedge funds and other institutional investors.

FirstEnergy Stock Up 0.3%

Shares of NYSE:FE opened at $50.98 on Tuesday. The firm has a market capitalization of $29.46 billion, a P/E ratio of 28.96, a P/E/G ratio of 2.68 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. The stock has a 50 day moving average price of $47.74 and a 200-day moving average price of $46.16. FirstEnergy Corporation has a 52-week low of $37.58 and a 52-week high of $51.39.

FirstEnergy (NYSE:FE - Get Free Report) last released its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. FirstEnergy had a return on equity of 10.50% and a net margin of 6.76%.The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period in the previous year, the company posted $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, equities research analysts anticipate that FirstEnergy Corporation will post 2.66 EPS for the current fiscal year.

FirstEnergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 7th will be paid a $0.465 dividend. This represents a $1.86 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Thursday, May 7th. This is an increase from FirstEnergy's previous quarterly dividend of $0.45. FirstEnergy's dividend payout ratio (DPR) is currently 101.14%.

Analysts Set New Price Targets

Several analysts recently issued reports on FE shares. Wells Fargo & Company cut their target price on FirstEnergy from $54.00 to $53.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 20th. Morgan Stanley reiterated an "overweight" rating on shares of FirstEnergy in a report on Wednesday, February 11th. Barclays cut their price objective on FirstEnergy from $51.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, January 22nd. Weiss Ratings downgraded FirstEnergy from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, February 19th. Finally, Mizuho set a $51.00 price target on shares of FirstEnergy in a report on Thursday, February 19th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $49.31.

FirstEnergy 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.

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