Richard Bernstein Advisors LLC Sells 63,821 Shares of FirstEnergy Corporation $FE

Key Points

• Richard Bernstein Advisors cut its FirstEnergy stake by 53.7%, selling 63,821 shares and leaving 55,002 shares valued at about $2.52 million, while institutional ownership of FE stands around 89.4%.
• FirstEnergy raised its quarterly dividend to $0.465 (annualized $1.86, 3.6% yield), reported $0.53 EPS for the quarter (beat by $0.01), set FY2026 guidance of 2.620–2.820 EPS, and holds a consensus "Moderate Buy" with an average price target of $49.31.

Richard Bernstein Advisors LLC cut its holdings in shares of FirstEnergy Corporation (NYSE:FE - Free Report) by 53.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,002 shares of the utilities provider's stock after selling 63,821 shares during the period. Richard Bernstein Advisors LLC's holdings in FirstEnergy were worth $2,520,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of FE. American National Bank & Trust increased its holdings in FirstEnergy by 380.2% during the 3rd quarter. American National Bank & Trust now owns 581 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 460 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of FirstEnergy during the third quarter valued at about $27,000. TruNorth Capital Management LLC lifted its position in shares of FirstEnergy by 187.5% during the third quarter. TruNorth Capital Management LLC now owns 621 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 405 shares in the last quarter. State of Wyoming bought a new position in shares of FirstEnergy during the 2nd quarter worth $25,000. Finally, Caldwell Trust Co bought a new position in shares of FirstEnergy in the second quarter worth $35,000. 89.41% of the stock is owned by institutional investors and hedge funds.

FirstEnergy Stock Performance

NYSE FE opened at $50.98 on Tuesday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.46 and a current ratio of 0.57. FirstEnergy Corporation has a fifty-two week low of $37.58 and a fifty-two week high of $51.39. The stock has a 50-day simple moving average of $47.74 and a two-hundred day simple moving average of $46.16. The firm has a market capitalization of $29.46 billion, a P/E ratio of 28.96, a PEG ratio of 2.68 and a beta of 0.61.

FirstEnergy (NYSE:FE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.01. The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.20 billion. FirstEnergy had a return on equity of 10.50% and a net margin of 6.76%.During the same period in the previous year, the business earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, equities analysts forecast that FirstEnergy Corporation will post 2.66 earnings per share for the current year.

FirstEnergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 7th will be paid a $0.465 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 3.6%. This is an increase from FirstEnergy's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, May 7th. FirstEnergy's dividend payout ratio is presently 101.14%.

Wall Street Analyst Weigh In

FE has been the topic of several analyst reports. Morgan Stanley reissued an "overweight" rating on shares of FirstEnergy in a report on Wednesday, February 11th. Wells Fargo & Company cut their price target on shares of FirstEnergy from $54.00 to $53.00 and set an "overweight" rating on the stock in a report on Tuesday, January 20th. Barclays reduced their price objective on shares of FirstEnergy from $51.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, January 22nd. Weiss Ratings lowered FirstEnergy from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, February 19th. Finally, Mizuho set a $51.00 price objective on shares of FirstEnergy in a research note on Thursday, February 19th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, FirstEnergy presently has a consensus rating of "Moderate Buy" and an average price target of $49.31.

FirstEnergy Company 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.

Want to see what other hedge funds are holding FE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FirstEnergy Corporation (NYSE:FE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.