Allspring Global Investments Holdings LLC Raises Stock Holdings in FirstEnergy Corporation $FE

Allspring Global Investments Holdings LLC increased its stake in shares of FirstEnergy Corporation (NYSE:FE) by 2.3% in the fourth quarter, HoldingsChannel reports. The firm owned 9,277,257 shares of the utilities provider’s stock after buying an additional 205,618 shares during the quarter. FirstEnergy makes up approximately 0.7% of Allspring Global Investments Holdings LLC’s holdings, making the stock its 15th biggest holding. Allspring Global Investments Holdings LLC’s holdings in FirstEnergy were worth $419,889,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. American National Bank & Trust boosted 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 purchasing an additional 460 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of FirstEnergy in the third quarter valued at approximately $27,000. TruNorth Capital Management LLC lifted its stake in shares of 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 buying an additional 405 shares during the period. State of Wyoming purchased a new position in shares of FirstEnergy during the second quarter valued at approximately $25,000. Finally, Olistico Wealth LLC acquired a new stake in FirstEnergy during the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Stock Performance

NYSE:FE opened at $50.46 on Tuesday. The company has a market cap of $29.16 billion, a P/E ratio of 28.67, a P/E/G ratio of 2.63 and a beta of 0.61. The firm’s 50 day moving average is $49.18 and its two-hundred day moving average is $46.86. FirstEnergy Corporation has a fifty-two week low of $37.58 and a fifty-two week high of $52.29. 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, topping analysts’ consensus estimates of $0.52 by $0.01. The business had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.20 billion. FirstEnergy had a return on equity of 10.50% and a net margin of 6.76%.During the same period in the prior year, the firm posted $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Analysts expect that FirstEnergy Corporation will post 2.66 EPS for the current year.

FirstEnergy Increases Dividend

The firm 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 dividend of $0.465 per share. The ex-dividend date of this dividend is Thursday, May 7th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.7%. This is a boost from FirstEnergy’s previous quarterly dividend of $0.45. FirstEnergy’s payout ratio is currently 101.14%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of FirstEnergy from $54.00 to $53.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Scotiabank restated an “outperform” rating on shares of FirstEnergy in a report on Thursday, February 19th. Mizuho set a $51.00 price objective on FirstEnergy in a research report on Thursday, February 19th. UBS Group dropped their target price on FirstEnergy from $49.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of FirstEnergy in a research report on Wednesday, February 11th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.71.

Insider Buying and Selling

In related news, Director James F. Oneil sold 7,945 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $50.60, for a total value of $402,017.00. Following the sale, the director owned 1,869 shares of the company’s stock, valued at approximately $94,571.40. This trade represents a 80.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jason Lisowski sold 1,373 shares of the firm’s stock in a transaction on 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 worth $1,989,532 over the last quarter. 0.17% of the stock is 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.