Assenagon Asset Management S.A. Purchases 913,617 Shares of FirstEnergy Corporation $FE

Assenagon Asset Management S.A. raised its holdings in shares of FirstEnergy Corporation (NYSE:FE) by 7,493.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 925,810 shares of the utilities provider’s stock after acquiring an additional 913,617 shares during the quarter. Assenagon Asset Management S.A.’s holdings in FirstEnergy were worth $41,449,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Capital World Investors raised its stake in shares of FirstEnergy by 0.4% during the third quarter. Capital World Investors now owns 78,328,151 shares of the utilities provider’s stock worth $3,588,992,000 after buying an additional 305,531 shares during the last quarter. Vanguard Group Inc. boosted its stake in FirstEnergy by 0.5% in the third quarter. Vanguard Group Inc. now owns 67,348,184 shares of the utilities provider’s stock valued at $3,085,894,000 after acquiring an additional 360,098 shares during the last quarter. Boston Partners grew its holdings in FirstEnergy by 13.5% during the 3rd quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock worth $841,161,000 after acquiring an additional 2,185,400 shares during the period. Federated Hermes Inc. raised its position in shares of FirstEnergy by 25.2% during the 3rd quarter. Federated Hermes Inc. now owns 8,627,746 shares of the utilities provider’s stock valued at $395,323,000 after acquiring an additional 1,738,779 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of FirstEnergy by 104.3% during the 3rd quarter. Victory Capital Management Inc. now owns 3,528,747 shares of the utilities provider’s stock valued at $161,687,000 after acquiring an additional 1,801,729 shares during the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Trading Up 0.7%

Shares of NYSE FE opened at $49.49 on Thursday. The company’s fifty day moving average is $49.00 and its 200-day moving average is $46.69. The stock has a market cap of $28.60 billion, a price-to-earnings ratio of 28.12, a P/E/G ratio of 2.59 and a beta of 0.61. FirstEnergy Corporation has a twelve month low of $37.58 and a twelve month high of $52.01. 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) last released its quarterly earnings data 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 business had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.20 billion. FirstEnergy had a net margin of 6.76% and a return on equity of 10.50%. During the same quarter in the prior year, the company earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Equities research analysts predict that FirstEnergy Corporation will post 2.66 EPS for the current year.

FirstEnergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 7th will be issued a $0.465 dividend. This represents a $1.86 annualized dividend and a dividend yield of 3.8%. 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 currently 101.14%.

Insider Transactions at FirstEnergy

In other news, CFO Jon Taylor K. sold 26,800 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $50.94, for a total transaction of $1,365,192.00. Following the sale, the chief financial officer owned 119,552 shares of the company’s stock, valued at $6,089,978.88. This trade represents a 18.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jason Lisowski sold 1,373 shares of FirstEnergy stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $50.84, for a total value of $69,803.32. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 39,118 shares of company stock valued at $1,989,532 over the last 90 days. 0.17% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on FE. JPMorgan Chase & Co. raised their price target on FirstEnergy from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Scotiabank reiterated an “outperform” rating on shares of FirstEnergy in a report on Thursday, February 19th. Morgan Stanley reissued an “overweight” rating on shares of FirstEnergy in a research note on Wednesday, February 11th. Wells Fargo & Company reduced their target price on FirstEnergy from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Finally, Wolfe Research upgraded FirstEnergy from a “peer perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research report on Tuesday, January 27th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.71.

FirstEnergy 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.