Mitsubishi UFJ Trust & Banking Corp Has $13.46 Million Stake in FirstEnergy Corporation $FE

Key Points

• Mitsubishi UFJ Trust & Banking cut its stake in FirstEnergy by 27.7% in Q4, selling 115,334 shares and now holds 300,580 shares worth about $13.46 million (≈0.05% of FE).
• Company insiders sold a total of 39,118 shares (~$1.99 million) over the last quarter, including CFO Jon Taylor's sale of 26,800 shares (an 18.31% reduction) and Director James F. Oneil's sale of 7,945 shares.
• FirstEnergy raised its quarterly dividend to $0.465 ($1.86 annualized) for a ~4.0% yield, but the payout ratio is high at 96.74%.

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in FirstEnergy Corporation (NYSE:FE - Free Report) by 27.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 300,580 shares of the utilities provider's stock after selling 115,334 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.05% of FirstEnergy worth $13,457,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FE. Brighton Jones LLC acquired a new position in FirstEnergy in the fourth quarter valued at about $256,000. Integrated Wealth Concepts LLC acquired a new position in shares of FirstEnergy during the first quarter worth about $289,000. Empowered Funds LLC boosted its position in shares of FirstEnergy by 7.0% during the first quarter. Empowered Funds LLC now owns 11,213 shares of the utilities provider's stock worth $453,000 after buying an additional 732 shares during the period. Woodline Partners LP boosted its position in shares of FirstEnergy by 40.7% during the first quarter. Woodline Partners LP now owns 43,334 shares of the utilities provider's stock worth $1,752,000 after buying an additional 12,531 shares during the period. Finally, Focus Partners Wealth boosted its position in shares of FirstEnergy by 6.8% during the first quarter. Focus Partners Wealth now owns 21,178 shares of the utilities provider's stock worth $856,000 after buying an additional 1,340 shares during the period. 89.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Jon Taylor K. sold 26,800 shares of the company's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $50.94, for a total transaction of $1,365,192.00. Following the sale, the chief financial officer owned 119,552 shares in the company, valued at approximately $6,089,978.88. This represents a 18.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James F. Oneil sold 7,945 shares of the company's stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $50.60, for a total value of $402,017.00. Following the sale, the director owned 1,869 shares in the company, valued at $94,571.40. The trade was a 80.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 39,118 shares of company stock worth $1,989,532. Corporate insiders own 0.14% of the company's stock.

Analyst Ratings Changes

FE has been the subject of several recent research reports. Scotiabank reaffirmed an "outperform" rating on shares of FirstEnergy in a research report on Thursday, February 19th. Mizuho set a $51.00 price objective on FirstEnergy in a research report on Thursday, February 19th. TD Cowen initiated coverage on FirstEnergy in a research report on Thursday, April 16th. They set a "hold" rating and a $56.00 price objective for the company. Wolfe Research raised FirstEnergy from a "peer perform" rating to an "outperform" rating and set a $50.00 price objective for the company in a research report on Tuesday, January 27th. Finally, Barclays upped their price objective on FirstEnergy from $50.00 to $53.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 8th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, FirstEnergy has an average rating of "Moderate Buy" and an average target price of $51.92.

FirstEnergy Stock Performance

FE opened at $46.91 on Friday. FirstEnergy Corporation has a 52-week low of $39.28 and a 52-week high of $52.34. The firm has a market capitalization of $27.13 billion, a PE ratio of 25.49, a PEG ratio of 2.28 and a beta of 0.48. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.46 and a current ratio of 0.52. The business's 50-day simple moving average is $50.33 and its 200 day simple moving average is $47.68.

FirstEnergy (NYSE:FE - Get Free Report) last released its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.72. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. FirstEnergy's revenue was up 11.6% on a year-over-year basis. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, sell-side analysts expect that FirstEnergy Corporation will post 2.73 earnings per share for the current fiscal year.

FirstEnergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 7th will be issued a dividend of $0.465 per share. The ex-dividend date is Thursday, May 7th. This is a boost from FirstEnergy's previous quarterly dividend of $0.45. This represents a $1.86 annualized dividend and a yield of 4.0%. FirstEnergy's dividend payout ratio is currently 96.74%.

FirstEnergy Profile

FirstEnergy Corp. NYSE: FE is a U.S.-based electric utility holding company headquartered in Akron, Ohio. The company's primary business is the delivery of electricity through its regulated transmission and distribution utilities, serving residential, commercial and industrial customers across parts of the Midwest and Mid‑Atlantic. FirstEnergy's service territory includes states such as Ohio, Pennsylvania, New Jersey, Maryland and West Virginia, and it operates primarily within the PJM regional transmission organization.

FirstEnergy's core activities center on owning and operating electric distribution networks and transmission systems, maintaining and upgrading grid infrastructure, managing storm response and restoration, and offering customer programs that include energy efficiency and reliability services.

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