Vanguard Personalized Indexing Management LLC Buys 13,909 Shares of FirstEnergy Corporation $FE

Key Points

• Vanguard Personalized Indexing Management LLC increased its position in FirstEnergy Corporation by 31.4%, acquiring an additional 13,909 shares in the second quarter.
• FirstEnergy reported a quarterly earnings per share (EPS) of $0.52, exceeding analysts' expectations of $0.50, and set its fiscal year 2025 EPS guidance between 2.400 and 2.600.
• The company declared a quarterly dividend of $0.445 per share, with the ex-dividend date set for November 7th, offering an annualized yield of 3.7%.

Vanguard Personalized Indexing Management LLC boosted its position in shares of FirstEnergy Corporation (NYSE:FE - Free Report) by 31.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 58,172 shares of the utilities provider's stock after buying an additional 13,909 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in FirstEnergy were worth $2,344,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FE. Dakota Wealth Management increased its stake in FirstEnergy by 3.4% during the 1st quarter. Dakota Wealth Management now owns 7,633 shares of the utilities provider's stock worth $309,000 after purchasing an additional 249 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in shares of FirstEnergy by 2.4% in the first quarter. Kovitz Investment Group Partners LLC now owns 10,807 shares of the utilities provider's stock valued at $437,000 after buying an additional 255 shares during the period. Equitable Trust Co. increased its position in shares of FirstEnergy by 1.2% during the first quarter. Equitable Trust Co. now owns 22,677 shares of the utilities provider's stock worth $917,000 after acquiring an additional 266 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of FirstEnergy by 4.5% during the second quarter. Valeo Financial Advisors LLC now owns 6,444 shares of the utilities provider's stock worth $259,000 after acquiring an additional 277 shares during the period. Finally, Tranquility Partners LLC lifted its position in FirstEnergy by 1.7% in the 1st quarter. Tranquility Partners LLC now owns 18,159 shares of the utilities provider's stock valued at $734,000 after acquiring an additional 297 shares in the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Scotiabank reiterated an "outperform" rating on shares of FirstEnergy in a report on Wednesday, October 8th. Weiss Ratings reiterated a "buy (b)" rating on shares of FirstEnergy in a report on Wednesday, October 8th. UBS Group set a $44.00 target price on FirstEnergy and gave the company a "neutral" rating in a research note on Tuesday, June 24th. Barclays raised shares of FirstEnergy from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $43.00 to $49.00 in a research note on Monday, August 25th. Finally, Mizuho lifted their price objective on shares of FirstEnergy from $43.00 to $45.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $46.83.

FirstEnergy Stock Performance

Shares of FE stock opened at $47.65 on Thursday. The company has a fifty day moving average price of $44.32 and a two-hundred day moving average price of $42.26. FirstEnergy Corporation has a one year low of $37.58 and a one year high of $47.83. The stock has a market cap of $27.51 billion, a P/E ratio of 21.08, a P/E/G ratio of 2.92 and a beta of 0.52. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.61 and a quick ratio of 0.51.

FirstEnergy (NYSE:FE - Get Free Report) last issued its earnings results 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 company had revenue of $3.40 billion for the quarter, compared to analysts' expectations of $3.45 billion. During the same period in the prior year, the firm earned $0.56 EPS. FirstEnergy has set its FY 2025 guidance at 2.400-2.600 EPS. As a group, equities analysts predict that FirstEnergy Corporation will post 2.66 EPS for the current year.

FirstEnergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, November 7th. FirstEnergy's payout ratio is currently 78.76%.

FirstEnergy Company 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.

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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.