Van Lanschot Kempen Investment Management N.V. Takes $7.48 Million Position in FirstEnergy Corporation $FE

Key Points

• Van Lanschot Kempen Investment Management N.V. acquired 185,023 shares of FirstEnergy Corporation, totaling approximately $7.48 million, in its recent 13F filing with the SEC.
• Institutional and hedge fund investors now control 89.41% of FirstEnergy's shares, indicating significant institutional interest in the company.
• FirstEnergy recently announced a quarterly dividend of $0.445 per share, with an upcoming ex-dividend date on August 7th, translating to an annual yield of 4.1%.

Van Lanschot Kempen Investment Management N.V. bought a new position in shares of FirstEnergy Corporation (NYSE:FE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 185,023 shares of the utilities provider's stock, valued at approximately $7,479,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of FirstEnergy by 14.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 71,333 shares of the utilities provider's stock worth $2,883,000 after acquiring an additional 8,879 shares in the last quarter. Johnson Investment Counsel Inc. boosted its position in shares of FirstEnergy by 3.8% during the 1st 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 in the last quarter. Mariner LLC grew its stake in shares of FirstEnergy by 16.1% during the fourth quarter. Mariner LLC now owns 95,039 shares of the utilities provider's stock worth $3,781,000 after buying an additional 13,196 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of FirstEnergy by 9.0% during the first quarter. Oppenheimer & Co. Inc. now owns 17,759 shares of the utilities provider's stock worth $718,000 after buying an additional 1,464 shares during the last quarter. Finally, Brighton Jones LLC bought a new stake in shares of FirstEnergy during the fourth quarter worth $256,000. Institutional investors and hedge funds own 89.41% of the company's stock.

FirstEnergy Stock Up 0.0%

NYSE:FE traded up $0.0010 during trading hours on Monday, reaching $43.7910. The company had a trading volume of 1,523,460 shares, compared to its average volume of 4,864,102. The firm has a market cap of $25.28 billion, a price-to-earnings ratio of 19.38, a P/E/G ratio of 2.69 and a beta of 0.48. The business's 50-day simple moving average is $41.47 and its two-hundred day simple moving average is $41.05. FirstEnergy Corporation has a twelve month low of $37.58 and a twelve month high of $44.97. The company has a quick ratio of 0.51, a current ratio of 0.61 and a debt-to-equity ratio of 1.68.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.02. FirstEnergy had a net margin of 9.31% and a return on equity of 11.31%. The firm had revenue of $3.40 billion during the quarter, compared to analysts' expectations of $3.45 billion. During the same period last year, the company earned $0.56 earnings per share. FirstEnergy has set its FY 2025 guidance at 2.400-2.600 EPS. On average, equities analysts expect that FirstEnergy Corporation will post 2.66 earnings per share 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. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $1.78 annualized dividend and a yield of 4.1%. FirstEnergy's payout ratio is currently 78.76%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FE shares. Morgan Stanley decreased their target price on shares of FirstEnergy from $48.00 to $47.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. UBS Group set a $44.00 target price on shares of FirstEnergy and gave the stock a "neutral" rating in a research note on Tuesday, June 24th. Mizuho boosted their target price on shares of FirstEnergy from $43.00 to $45.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. KeyCorp reaffirmed an "overweight" rating and set a $46.00 target price (down previously from $47.00) on shares of FirstEnergy in a research note on Wednesday, July 16th. Finally, Barclays raised shares of FirstEnergy from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $43.00 to $49.00 in a research note on Monday. Seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, FirstEnergy currently has an average rating of "Hold" and a consensus price target of $46.31.

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.