FirstEnergy Corporation $FE Stake Trimmed by Bokf Na

Key Points

• Bokf Na reduced its FirstEnergy stake by 16.7% in the third quarter, selling 54,824 shares and retaining 273,074 shares valued at approximately $11.8 million. Institutional investors and hedge funds own 89.41% of the company.
• FirstEnergy exceeded third-quarter earnings expectations, reporting $0.98 in adjusted EPS on $4.56 billion in revenue, with revenue up 12.2% year over year.
• The company declared a quarterly dividend of $0.465 per share, equivalent to a 4.0% annualized yield, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $50.77.

Bokf Na reduced its stake in shares of FirstEnergy Corporation (NYSE:FE - Free Report) by 16.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 273,074 shares of the utilities provider's stock after selling 54,824 shares during the quarter. Bokf Na's holdings in FirstEnergy were worth $11,832,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Bryn Mawr Trust Advisors LLC purchased a new stake in shares of FirstEnergy in the 2nd quarter valued at approximately $9,878,000. Assenagon Asset Management S.A. raised its holdings in FirstEnergy by 6,066.6% in the second quarter. Assenagon Asset Management S.A. now owns 495,299 shares of the utilities provider's stock valued at $23,547,000 after acquiring an additional 487,267 shares in the last quarter. Nykredit A S purchased a new stake in shares of FirstEnergy during the 2nd quarter worth $1,033,000. Engineers Gate Manager LP lifted its holdings in FirstEnergy by 612.9% during the 2nd quarter. Engineers Gate Manager LP now owns 93,410 shares of the utilities provider's stock worth $4,441,000 after buying an additional 80,308 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in FirstEnergy by 32.9% in the second quarter. Hsbc Holdings PLC now owns 1,141,365 shares of the utilities provider's stock valued at $54,332,000 after purchasing an additional 282,866 shares in the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.

FirstEnergy Stock Performance

FE stock opened at $46.43 on Thursday. The firm has a market cap of $26.86 billion, a P/E ratio of 24.69, a P/E/G ratio of 2.71 and a beta of 0.43. FirstEnergy Corporation has a 12-month low of $42.67 and a 12-month high of $52.34. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.88. The stock's 50 day simple moving average is $45.43 and its 200 day simple moving average is $47.48.

FirstEnergy (NYSE:FE - Get Free Report) last released its earnings results on Tuesday, October 27th. The utilities provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.90 by $0.08. FirstEnergy had a net margin of 6.86% and a return on equity of 10.51%. The business had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same period in the prior year, the business earned $0.83 earnings per share. The business's quarterly revenue was up 12.2% on a year-over-year basis. As a group, equities research analysts predict that FirstEnergy Corporation will post 2.74 EPS for the current year.

FirstEnergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 6th will be issued a dividend of $0.4650 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.86 annualized dividend and a yield of 4.0%. FirstEnergy's dividend payout ratio is currently 98.94%.

Wall Street Analyst Weigh In

FE has been the subject of a number of recent research reports. Mizuho set a $47.00 price target on shares of FirstEnergy in a research note on Monday, October 12th. JPMorgan Chase & Co. reduced their target price on shares of FirstEnergy from $52.00 to $50.00 and set a "neutral" rating for the company in a research note on Monday, October 19th. HSBC assumed coverage on FirstEnergy in a research note on Thursday, October 22nd. They issued a "buy" rating and a $50.00 price target on the stock. Wall Street Zen upgraded shares of FirstEnergy from a "sell" rating to a "hold" rating in a research report on Saturday, September 19th. Finally, New Street Research set a $47.00 target price on shares of FirstEnergy in a research report on Tuesday, October 13th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $50.77.

Key Stories Impacting FirstEnergy

Here are the key news stories impacting FirstEnergy this week:

• Positive Sentiment: Q3 results exceeded expectations. FirstEnergy reported GAAP earnings of $0.96 per share and Core Earnings of $0.98 per share, ahead of the $0.90 consensus estimate. Revenue rose 12.2% year over year to approximately $4.6 billion, while GAAP earnings increased from $0.76 to $0.96 per share. FirstEnergy third-quarter results
• Positive Sentiment: Management reaffirmed its outlook. FirstEnergy maintained its 2026 Core Earnings guidance of $2.62 to $2.82 per share and expects results at or slightly above the midpoint. It also reiterated a 6%–8% long-term Core Earnings growth target through 2030, supported by a $36 billion five-year capital plan. FirstEnergy Q3 guidance
• Positive Sentiment: Data-center and large-load demand supports future growth. FirstEnergy reported 7.9 gigawatts of contracted demand from large-load customers and is negotiating roughly 4 additional gigawatts. Stronger electricity demand, including from data centers, could support rate-base expansion and future earnings. FE demand growth report
• Positive Sentiment: Analyst coverage added a bullish signal. BMO Capital Markets initiated coverage with an “Outperform” rating and a $50 price target, implying additional upside from the referenced share price. BMO Capital Markets rating
• Positive Sentiment: FirstEnergy Transmission subsidiary Keystone Appalachian Transmission was selected for a federally funded project evaluating technologies intended to improve western Pennsylvania grid reliability and accommodate rising demand. Pennsylvania grid technology project
• Neutral Sentiment: The company’s large capital program and contracted-load pipeline strengthen its long-term growth profile, although utilities remain exposed to execution needs, financing costs and regulatory approvals.

FirstEnergy Profile

FirstEnergy Corp. NYSE: FE is an electric utility company focused on the transmission and distribution of electricity. Through its regulated utility subsidiaries, the company delivers power to residential, commercial and industrial customers and maintains the poles, lines, substations and other infrastructure that support electric service.

FirstEnergy's distribution operations serve customers across parts of Ohio, Pennsylvania, New Jersey, West Virginia and Maryland. Its utility companies include Ohio Edison, The Illuminating Company, Toledo Edison, Jersey Central Power & Light, Met-Ed, Penelec, Penn Power, West Penn Power, Mon Power and The Potomac Edison Company.

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