Advisors Management Group Inc. ADV Decreases Stock Holdings in FirstEnergy Corporation $FE

Advisors Management Group Inc. ADV cut its position in FirstEnergy Corporation (NYSE:FE) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 231,912 shares of the utilities provider’s stock after selling 14,155 shares during the quarter. FirstEnergy makes up approximately 1.9% of Advisors Management Group Inc. ADV’s investment portfolio, making the stock its 11th largest holding. Advisors Management Group Inc. ADV’s holdings in FirstEnergy were worth $10,383,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. State of Wyoming bought a new stake in shares of FirstEnergy in the 2nd quarter valued at about $25,000. American National Bank & Trust raised its stake in shares of FirstEnergy by 380.2% during the 3rd quarter. American National Bank & Trust now owns 581 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 460 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of FirstEnergy during the 3rd quarter worth approximately $27,000. TruNorth Capital Management LLC lifted its position in FirstEnergy by 187.5% during the third quarter. TruNorth Capital Management LLC now owns 621 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 405 shares during the last quarter. Finally, Olistico Wealth LLC purchased a new stake in FirstEnergy during the fourth quarter valued at approximately $31,000. 89.41% of the stock is owned by hedge funds and other institutional investors.

FirstEnergy Trading Down 0.0%

NYSE FE opened at $50.03 on Friday. The company has a fifty day simple moving average of $49.12 and a two-hundred day simple moving average of $46.79. The stock has a market cap of $28.91 billion, a P/E ratio of 28.43, a P/E/G ratio of 2.63 and a beta of 0.61. FirstEnergy Corporation has a 12-month low of $37.58 and a 12-month high of $52.29. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.83.

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

FirstEnergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 7th will be paid a $0.465 dividend. The ex-dividend date is Thursday, May 7th. This is a positive change from FirstEnergy’s previous quarterly dividend of $0.45. This represents a $1.86 annualized dividend and a dividend yield of 3.7%. FirstEnergy’s dividend payout ratio (DPR) is 101.14%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Scotiabank reaffirmed an “outperform” rating on shares of FirstEnergy in a report on Thursday, February 19th. Morgan Stanley reiterated an “overweight” rating on shares of FirstEnergy in a report on Wednesday, February 11th. Weiss Ratings downgraded FirstEnergy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 19th. Wolfe Research raised FirstEnergy from a “peer perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research report on Tuesday, January 27th. Finally, Mizuho set a $51.00 target price on FirstEnergy in a research report on Thursday, February 19th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $49.71.

Insider Buying and Selling

In related news, Director James F. Oneil sold 7,945 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $50.60, for a total transaction of $402,017.00. Following the completion of the transaction, the director directly owned 1,869 shares in the company, valued at $94,571.40. The trade was a 80.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jon Taylor K. sold 26,800 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $50.94, for a total transaction of $1,365,192.00. Following the completion of the sale, the chief financial officer directly owned 119,552 shares in the company, valued at approximately $6,089,978.88. The trade was a 18.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 39,118 shares of company stock valued at $1,989,532 over the last quarter. 0.17% of the stock is currently owned by company insiders.

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.