Fox Run Management L.L.C. Buys New Shares in FirstEnergy Corporation $FE

Key Points

• Fox Run Management L.L.C. acquired 15,738 shares of FirstEnergy Corporation, valued at approximately $636,000, in the first quarter.
• FirstEnergy reported a quarterly EPS of $0.52, beating analysts' expectations of $0.50, with a total revenue of $3.40 billion.
• The company announced a quarterly dividend of $0.445 per share, which results in an annualized yield of 4.1% for shareholders of record on August 7th.

Fox Run Management L.L.C. bought a new position in FirstEnergy Corporation (NYSE:FE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,738 shares of the utilities provider's stock, valued at approximately $636,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of FirstEnergy by 14.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 71,333 shares of the utilities provider's stock worth $2,883,000 after buying an additional 8,879 shares in the last quarter. Johnson Investment Counsel Inc. grew 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 worth $403,000 after acquiring an additional 366 shares during the period. Mariner LLC raised its position in FirstEnergy by 16.1% in the fourth quarter. Mariner LLC now owns 95,039 shares of the utilities provider's stock worth $3,781,000 after acquiring an additional 13,196 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in FirstEnergy by 9.0% in the 1st 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 last quarter. Finally, Brighton Jones LLC bought a new position in shares of FirstEnergy during the 4th quarter valued at about $256,000. 89.41% of the stock is owned by institutional investors.

FirstEnergy Stock Down 0.2%

NYSE:FE traded down $0.0750 during trading hours on Thursday, reaching $43.5050. The company's stock had a trading volume of 1,280,319 shares, compared to its average volume of 4,890,303. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.61 and a quick ratio of 0.51. The company has a market cap of $25.12 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 2.67 and a beta of 0.48. The business's 50-day moving average is $41.34 and its 200-day moving average is $40.99. FirstEnergy Corporation has a one year low of $37.58 and a one year high of $44.97.

FirstEnergy (NYSE:FE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.02. The business had revenue of $3.40 billion during the quarter, compared to analysts' expectations of $3.45 billion. FirstEnergy had a net margin of 9.31% and a return on equity of 11.31%. During the same period in the previous year, the company earned $0.56 earnings per share. FirstEnergy has set its FY 2025 guidance at 2.400-2.600 EPS. Equities research analysts predict that FirstEnergy Corporation will post 2.66 EPS for the current year.

FirstEnergy Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FE. Scotiabank reiterated an "outperform" rating on shares of FirstEnergy in a report on Friday, April 25th. Morgan Stanley decreased their price target on shares of FirstEnergy from $48.00 to $47.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 18th. Mizuho upped their price target on FirstEnergy from $43.00 to $45.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Wells Fargo & Company increased 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, Evercore ISI lifted their target price on FirstEnergy from $41.00 to $47.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $46.08.

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.