Swiss National Bank Sells 79,100 Shares of FirstEnergy Corporation $FE

Key Points

• Swiss National Bank sold 79,100 shares of FirstEnergy in Q3 (a 4.8% reduction), leaving it with 1,580,544 shares—about 0.27% of the company—valued at roughly $72.42 million.
• FirstEnergy raised its quarterly dividend to $0.465 (annualized $1.86, ~3.7% yield), but the dividend payout ratio is about 101%, suggesting payouts exceed current earnings and may be unsustainable.
• Analysts have a consensus rating of "Moderate Buy" with a $49.31 target; the stock trades near $50.64 with a P/E of 28.77, and management set FY2026 EPS guidance of $2.62–$2.82 (street consensus ~2.66).

Swiss National Bank lowered its stake in shares of FirstEnergy Corporation (NYSE:FE - Free Report) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,580,544 shares of the utilities provider's stock after selling 79,100 shares during the period. Swiss National Bank owned 0.27% of FirstEnergy worth $72,421,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of FE. Mackenzie Financial Corp boosted its holdings in shares of FirstEnergy by 418.0% in the second quarter. Mackenzie Financial Corp now owns 270,183 shares of the utilities provider's stock worth $10,878,000 after acquiring an additional 218,020 shares during the period. Advisors Asset Management Inc. raised its stake in shares of FirstEnergy by 52.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 42,632 shares of the utilities provider's stock valued at $1,716,000 after purchasing an additional 14,718 shares during the period. Edgestream Partners L.P. raised its stake in shares of FirstEnergy by 1,379.5% during the 2nd quarter. Edgestream Partners L.P. now owns 114,945 shares of the utilities provider's stock valued at $4,628,000 after purchasing an additional 107,176 shares during the period. OMERS ADMINISTRATION Corp lifted its holdings in FirstEnergy by 218.6% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 62,236 shares of the utilities provider's stock worth $2,506,000 after purchasing an additional 42,700 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in FirstEnergy by 33.8% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 425,860 shares of the utilities provider's stock worth $17,145,000 after purchasing an additional 107,579 shares in the last quarter. Institutional investors own 89.41% of the company's stock.

Insider Activity at FirstEnergy

In other news, CAO Jason Lisowski sold 3,000 shares of the stock in a transaction on Friday, March 6th. The shares were sold at an average price of $50.84, for a total value of $152,520.00. Following the transaction, the chief accounting officer owned 7,176 shares of the company's stock, valued at $364,827.84. This represents a 29.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FE shares. Barclays reduced their target price on FirstEnergy from $51.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, January 22nd. Morgan Stanley reissued an "overweight" rating on shares of FirstEnergy in a report on Wednesday, February 11th. Wells Fargo & Company reduced their price objective on shares of FirstEnergy from $54.00 to $53.00 and set an "overweight" rating for the company in a research note on Tuesday, January 20th. Wolfe Research raised shares of FirstEnergy from a "peer perform" rating to an "outperform" rating and set a $50.00 target price on the stock in a report on Tuesday, January 27th. Finally, Mizuho set a $51.00 target price on shares of FirstEnergy in a research note on Thursday, February 19th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.31.

FirstEnergy Stock Performance

NYSE:FE opened at $50.64 on Thursday. The business's 50-day moving average price is $47.97 and its two-hundred day moving average price is $46.23. FirstEnergy Corporation has a twelve month low of $37.58 and a twelve month high of $51.39. The stock has a market cap of $29.26 billion, a P/E ratio of 28.77, a PEG ratio of 2.66 and a beta of 0.61. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.83.

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

FirstEnergy Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, May 7th. This represents a $1.86 dividend on an annualized basis and a yield of 3.7%. This is a boost from FirstEnergy's previous quarterly dividend of $0.45. FirstEnergy's dividend payout ratio is presently 101.14%.

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.

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