16,200 Shares in FirstEnergy Corporation $FE Purchased by Ethos Financial Group LLC

Key Points

• Ethos Financial Group LLC has acquired a new stake in FirstEnergy Corporation, purchasing 16,200 shares valued at approximately $655,000 during the first quarter of the year.
• FirstEnergy's recent quarterly earnings showed an EPS of $0.52, exceeding analysts' expectations, and the company also announced a quarterly dividend of $0.445 per share, with an annualized yield of 4.1%.
• Analysts have a mixed outlook on FirstEnergy, with nine research firms issuing a "hold" rating and six showing a "buy" rating, placing the average price target at $46.08.

Ethos Financial Group LLC purchased a new stake in shares of FirstEnergy Corporation (NYSE:FE - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 16,200 shares of the utilities provider's stock, valued at approximately $655,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its holdings in FirstEnergy by 14.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 71,333 shares of the utilities provider's stock valued at $2,883,000 after acquiring an additional 8,879 shares during the period. Johnson Investment Counsel Inc. raised its holdings in FirstEnergy by 3.8% during the first quarter. Johnson Investment Counsel Inc. now owns 9,983 shares of the utilities provider's stock valued at $403,000 after acquiring an additional 366 shares during the period. Mariner LLC raised its holdings in FirstEnergy by 16.1% during the fourth quarter. Mariner LLC now owns 95,039 shares of the utilities provider's stock valued at $3,781,000 after acquiring an additional 13,196 shares during the period. Oppenheimer & Co. Inc. raised its holdings in FirstEnergy by 9.0% during the first quarter. Oppenheimer & Co. Inc. now owns 17,759 shares of the utilities provider's stock valued at $718,000 after acquiring an additional 1,464 shares during the period. Finally, Brighton Jones LLC bought a new stake in FirstEnergy during the fourth quarter valued at about $256,000. 89.41% of the stock is owned by institutional investors.

FirstEnergy Trading Up 0.6%

Shares of NYSE:FE traded up $0.2650 during trading on Friday, reaching $43.7450. The company's stock had a trading volume of 2,959,152 shares, compared to its average volume of 4,063,219. 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 Corporation has a 12 month low of $37.58 and a 12 month high of $44.97. The firm's 50 day simple moving average is $41.47 and its two-hundred day simple moving average is $41.04. The stock has a market capitalization of $25.26 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 2.67 and a beta of 0.48.

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, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter last year, the firm earned $0.56 EPS. FirstEnergy has set its FY 2025 guidance at 2.400-2.600 EPS. On average, research analysts predict that FirstEnergy Corporation will post 2.66 EPS for the current fiscal year.

FirstEnergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Thursday, August 7th will be issued a $0.445 dividend. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 4.1%. FirstEnergy's dividend payout ratio (DPR) is presently 78.76%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on FE shares. Scotiabank restated an "outperform" rating on shares of FirstEnergy in a research report on Friday, April 25th. Morgan Stanley cut their price objective on FirstEnergy from $48.00 to $47.00 and set an "overweight" rating for the company in a research report on Wednesday, June 18th. UBS Group set a $44.00 price objective on FirstEnergy and gave the company a "neutral" rating in a research report on Tuesday, June 24th. Wells Fargo & Company raised their price objective on FirstEnergy from $41.00 to $44.00 and gave the company an "equal weight" rating in a research report on Friday, April 25th. Finally, Mizuho raised their price objective on FirstEnergy from $43.00 to $45.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, FirstEnergy currently has a consensus rating of "Hold" and an average price target of $46.08.

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.