FirstEnergy Corporation $FE Shares Bought by Fourpath Capital Management LLC

Key Points

• Fourpath Capital Management LLC increased its holdings in FirstEnergy Corporation by 111.9% in Q2, owning 15,925 shares valued at $641,000 as of its latest SEC filing.
• FirstEnergy announced a quarterly dividend of $0.445 per share, with a payout ratio of 78.76%, to be distributed on December 1st.
• The company reported $0.52 EPS for its most recent quarter, slightly beating the consensus estimate, and has set its FY 2025 guidance at 2.400-2.600 EPS.

Fourpath Capital Management LLC boosted its holdings in shares of FirstEnergy Corporation (NYSE:FE - Free Report) by 111.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,925 shares of the utilities provider's stock after purchasing an additional 8,408 shares during the period. Fourpath Capital Management LLC's holdings in FirstEnergy were worth $641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group acquired a new position in FirstEnergy during the second quarter valued at $26,000. Investment Research & Advisory Group Inc. acquired a new position in shares of FirstEnergy in the second quarter worth about $26,000. N.E.W. Advisory Services LLC acquired a new position in shares of FirstEnergy in the first quarter worth about $27,000. Capital Advisors Ltd. LLC raised its position in shares of FirstEnergy by 186.4% in the second quarter. Capital Advisors Ltd. LLC now owns 676 shares of the utilities provider's stock worth $27,000 after acquiring an additional 440 shares during the period. Finally, TruNorth Capital Management LLC raised its position in shares of FirstEnergy by 226.9% in 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. 89.41% of the stock is currently owned by institutional investors and hedge funds.

FirstEnergy Stock Down 0.0%

Shares of NYSE FE opened at $46.67 on Friday. FirstEnergy Corporation has a 12-month low of $37.58 and a 12-month high of $47.35. The stock has a market cap of $26.95 billion, a PE ratio of 20.65, a P/E/G ratio of 2.87 and a beta of 0.52. The company has a current ratio of 0.61, a quick ratio of 0.51 and a debt-to-equity ratio of 1.68. The company has a 50-day moving average of $44.02 and a 200 day moving average of $42.03.

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 (EPS) for the quarter, beating 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 company had revenue of $3.40 billion during the quarter, compared to analysts' expectations of $3.45 billion. During the same quarter in the prior year, the company earned $0.56 EPS. FirstEnergy has set its FY 2025 guidance at 2.400-2.600 EPS. As a group, sell-side analysts predict that FirstEnergy Corporation will post 2.66 EPS for the current fiscal year.

FirstEnergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 7th will be paid a $0.445 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $1.78 annualized dividend and a dividend yield of 3.8%. FirstEnergy's dividend payout ratio is 78.76%.

Analyst Ratings Changes

A number of research analysts have weighed in on FE shares. Barclays upgraded shares of FirstEnergy from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $43.00 to $49.00 in a research report on Monday, August 25th. UBS Group set a $44.00 price objective on shares of FirstEnergy and gave the stock a "neutral" rating in a research report on Tuesday, June 24th. Weiss Ratings reiterated a "buy (b)" rating on shares of FirstEnergy in a research report on Wednesday. Scotiabank reiterated an "outperform" rating on shares of FirstEnergy in a research report on Wednesday. Finally, KeyCorp restated an "overweight" rating and set a $46.00 price target (down previously from $47.00) on shares of FirstEnergy in a research report on Wednesday, July 16th. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $46.77.

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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