AXQ Capital LP Boosts Stock Position in FirstEnergy Corporation $FE

AXQ Capital LP lifted its stake in FirstEnergy Corporation (NYSE:FE) by 138.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,568 shares of the utilities provider’s stock after purchasing an additional 10,769 shares during the period. AXQ Capital LP’s holdings in FirstEnergy were worth $851,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new position in shares of FirstEnergy during the fourth quarter worth approximately $256,000. Integrated Wealth Concepts LLC purchased a new stake in shares of FirstEnergy in the first quarter valued at approximately $289,000. Empowered Funds LLC grew its stake in FirstEnergy by 7.0% in the first quarter. Empowered Funds LLC now owns 11,213 shares of the utilities provider’s stock worth $453,000 after purchasing an additional 732 shares in the last quarter. Woodline Partners LP increased its holdings in FirstEnergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 43,334 shares of the utilities provider’s stock worth $1,752,000 after purchasing an additional 12,531 shares during the period. Finally, Focus Partners Wealth increased its holdings in FirstEnergy by 6.8% during the 1st quarter. Focus Partners Wealth now owns 21,178 shares of the utilities provider’s stock worth $856,000 after purchasing an additional 1,340 shares during the period. Hedge funds and other institutional investors own 89.41% of the company’s stock.

FirstEnergy Stock Up 0.4%

FirstEnergy stock opened at $50.41 on Tuesday. FirstEnergy Corporation has a 1-year low of $37.58 and a 1-year high of $50.83. The business has a fifty day moving average price of $46.51 and a 200-day moving average price of $45.64. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.57 and a quick ratio of 0.46. The stock has a market capitalization of $29.13 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 2.85 and a beta of 0.64.

FirstEnergy (NYSE:FE) last released its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The company had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.20 billion. FirstEnergy had a return on equity of 10.50% and a net margin of 6.76%.During the same period last year, the business posted $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Equities research analysts forecast that FirstEnergy Corporation will post 2.66 EPS for the current fiscal year.

FirstEnergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 7th will be given a $0.465 dividend. This represents a $1.86 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Thursday, May 7th. This is an increase from FirstEnergy’s previous quarterly dividend of $0.45. FirstEnergy’s payout ratio is 101.14%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on FE shares. Wolfe Research raised FirstEnergy from a “peer perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research report on Tuesday, January 27th. Morgan Stanley reiterated an “overweight” rating on shares of FirstEnergy in a report on Wednesday, February 11th. Mizuho set a $51.00 target price on shares of FirstEnergy in a research report on Thursday. UBS Group reduced their price target on shares of FirstEnergy from $49.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Finally, Wells Fargo & Company dropped their price objective on shares of FirstEnergy from $54.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.31.

About FirstEnergy

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.