FirstEnergy Corporation $FE Shares Bought by Energy Income Partners LLC

Key Points

• Energy Income Partners LLC increased its stake in FirstEnergy Corporation by 4.7%, owning approximately 367,935 shares valued at $14.87 million as of the latest report.
• FirstEnergy posted a quarterly earnings report with an EPS of $0.52, surpassing analysts' estimates, and announced a dividend yield of 4.1% with a quarterly payment of $0.445 per share.
• Analysts have mixed ratings on FirstEnergy, with seven recommending a Buy and a consensus price target of approximately $46.31.

Energy Income Partners LLC grew its position in shares of FirstEnergy Corporation (NYSE:FE - Free Report) by 4.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 367,935 shares of the utilities provider's stock after purchasing an additional 16,669 shares during the period. Energy Income Partners LLC owned approximately 0.06% of FirstEnergy worth $14,872,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in FE. N.E.W. Advisory Services LLC purchased a new stake in shares of FirstEnergy during the first quarter worth $27,000. TruNorth Capital Management LLC increased its position in shares of FirstEnergy by 226.9% during the first quarter. TruNorth Capital Management LLC now owns 706 shares of the utilities provider's stock worth $29,000 after acquiring an additional 490 shares during the period. Bernard Wealth Management Corp. purchased a new stake in shares of FirstEnergy during the fourth quarter worth $33,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of FirstEnergy during the first quarter worth $40,000. Finally, Tsfg LLC increased its position in shares of FirstEnergy by 143.6% during the first quarter. Tsfg LLC now owns 1,072 shares of the utilities provider's stock worth $43,000 after acquiring an additional 632 shares during the period. 89.41% of the stock is currently owned by institutional investors and hedge funds.

FirstEnergy Stock Performance

FE stock traded up $0.07 during trading on Thursday, hitting $43.47. The company had a trading volume of 2,769,558 shares, compared to its average volume of 4,815,454. The firm has a market cap of $25.10 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 2.68 and a beta of 0.50. FirstEnergy Corporation has a 1-year low of $37.58 and a 1-year high of $44.97. The firm has a 50-day moving average price of $42.05 and a 200-day moving average price of $41.23. The company has a quick ratio of 0.51, a current ratio of 0.61 and a debt-to-equity ratio of 1.68.

FirstEnergy (NYSE:FE - Get Free Report) last announced its quarterly earnings data 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. FirstEnergy had a return on equity of 11.31% and a net margin of 9.31%.The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same quarter in the previous year, the company earned $0.56 EPS. FirstEnergy has set its FY 2025 guidance at 2.400-2.600 EPS. On average, analysts expect that FirstEnergy Corporation will post 2.66 earnings per share for the current year.

FirstEnergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Thursday, August 7th were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Thursday, August 7th. FirstEnergy's dividend payout ratio (DPR) is presently 78.76%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. KeyCorp restated an "overweight" rating and issued a $46.00 price target (down from $47.00) on shares of FirstEnergy in a research note on Wednesday, July 16th. Mizuho raised their price target on FirstEnergy from $43.00 to $45.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Morgan Stanley restated an "overweight" rating on shares of FirstEnergy in a research note on Thursday, August 21st. UBS Group set a $44.00 price target on FirstEnergy and gave the company a "neutral" rating in a research note on Tuesday, June 24th. Finally, Barclays upgraded 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 note on Monday, August 25th. Seven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $46.31.

FirstEnergy Company 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.