National Pension Service Boosts Holdings in FirstEnergy Corporation $FE

Key Points

• The National Pension Service increased its stake in FirstEnergy Corporation by 8.4%, owning approximately 0.15% of the company worth $34.5 million after purchasing an additional 66,204 shares.
• FirstEnergy's quarterly earnings report showed an EPS of $0.52, surpassing the consensus of $0.50, while quarterly revenue amounted to $3.40 billion.
• The company announced a quarterly dividend of $0.445 per share, which equates to a 4.1% yield, with the dividend payout ratio currently at 78.76%.

National Pension Service increased its stake in FirstEnergy Corporation (NYSE:FE - Free Report) by 8.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 854,183 shares of the utilities provider's stock after buying an additional 66,204 shares during the period. National Pension Service owned 0.15% of FirstEnergy worth $34,526,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in FirstEnergy by 0.5% in the first quarter. Vanguard Group Inc. now owns 66,150,214 shares of the utilities provider's stock worth $2,673,792,000 after buying an additional 306,313 shares in the last quarter. Soroban Capital Partners LP increased its stake in shares of FirstEnergy by 60.2% during the fourth quarter. Soroban Capital Partners LP now owns 8,340,760 shares of the utilities provider's stock valued at $331,795,000 after purchasing an additional 3,133,083 shares in the last quarter. Zimmer Partners LP grew its holdings in shares of FirstEnergy by 33.4% during the fourth quarter. Zimmer Partners LP now owns 4,918,857 shares of the utilities provider's stock valued at $195,672,000 after buying an additional 1,232,040 shares during the last quarter. Northern Trust Corp grew its holdings in shares of FirstEnergy by 6.4% during the fourth quarter. Northern Trust Corp now owns 4,606,758 shares of the utilities provider's stock valued at $183,257,000 after buying an additional 276,241 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of FirstEnergy by 5.5% during the fourth quarter. Royal Bank of Canada now owns 3,981,944 shares of the utilities provider's stock valued at $158,403,000 after buying an additional 206,000 shares during the last quarter. 89.41% of the stock is owned by institutional investors.

Insider Buying and Selling at FirstEnergy

In other news, CAO Jason Lisowski sold 12,000 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $41.97, for a total value of $503,640.00. Following the completion of the sale, the chief accounting officer owned 183 shares of the company's stock, valued at approximately $7,680.51. This represents a 98.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.17% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FE. Scotiabank restated an "outperform" rating on shares of FirstEnergy in a report on Friday, April 25th. Wells Fargo & Company raised their target price on shares of FirstEnergy from $41.00 to $44.00 and gave the stock an "equal weight" rating in a report on Friday, April 25th. KeyCorp reiterated an "overweight" rating and issued a $46.00 price target (down from $47.00) on shares of FirstEnergy in a research report on Wednesday, July 16th. Bank of America raised shares of FirstEnergy from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $42.00 to $45.00 in a report on Wednesday, April 23rd. Finally, Mizuho boosted their target price on FirstEnergy from $43.00 to $45.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $46.08.

FirstEnergy Price Performance

Shares of FirstEnergy stock traded up $0.1750 during trading hours on Wednesday, reaching $43.5950. The company's stock had a trading volume of 1,349,182 shares, compared to its average volume of 4,899,791. The firm has a 50 day moving average price of $41.28 and a 200-day moving average price of $40.97. FirstEnergy Corporation has a one year low of $37.58 and a one year high of $44.97. 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 stock has a market cap of $25.17 billion, a P/E ratio of 19.28, a P/E/G ratio of 2.63 and a beta of 0.48.

FirstEnergy (NYSE:FE - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate 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 prior year, the firm posted $0.56 EPS. FirstEnergy has set its FY 2025 guidance at 2.400-2.600 EPS. On average, analysts predict that FirstEnergy Corporation will post 2.66 EPS for the current year.

FirstEnergy Dividend Announcement

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

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.