D.A. Davidson & CO. Grows Holdings in FirstEnergy Corporation $FE

D.A. Davidson & CO. increased its holdings in shares of FirstEnergy Corporation (NYSE:FE) by 128.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,951 shares of the utilities provider’s stock after purchasing an additional 10,654 shares during the period. D.A. Davidson & CO.’s holdings in FirstEnergy were worth $960,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FE. Eurizon Capital SGR S.p.A. acquired a new stake in shares of FirstEnergy during the fourth quarter worth about $123,018,000. BROOKFIELD Corp ON purchased a new position in shares of FirstEnergy during the fourth quarter worth about $110,332,000. Boston Partners increased its position in FirstEnergy by 13.5% in the 3rd quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock valued at $841,161,000 after acquiring an additional 2,185,400 shares during the period. Victory Capital Management Inc. increased its position in FirstEnergy by 56.0% in the 4th quarter. Victory Capital Management Inc. now owns 5,506,251 shares of the utilities provider’s stock valued at $246,515,000 after acquiring an additional 1,977,504 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in FirstEnergy by 11,305.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,974,989 shares of the utilities provider’s stock valued at $81,699,000 after acquiring an additional 1,957,673 shares during the last quarter. 89.41% of the stock is owned by hedge funds and other institutional investors.

FirstEnergy Trading Up 0.3%

NYSE:FE opened at $49.48 on Friday. The stock has a fifty day moving average price of $47.09 and a two-hundred day moving average price of $48.09. The stock has a market capitalization of $28.62 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 2.36 and a beta of 0.47. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.42 and a current ratio of 0.52. FirstEnergy Corporation has a 1 year low of $41.17 and a 1 year high of $52.34.

FirstEnergy (NYSE:FE) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.80 billion. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, sell-side analysts anticipate that FirstEnergy Corporation will post 2.74 earnings per share for the current fiscal year.

FirstEnergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be paid a $0.465 dividend. The ex-dividend date is Friday, August 7th. This represents a $1.86 annualized dividend and a dividend yield of 3.8%. FirstEnergy’s dividend payout ratio (DPR) is 101.09%.

Wall Street Analyst Weigh In

FE has been the subject of a number of recent research reports. Jefferies Financial Group increased their price objective on FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, April 21st. TD Cowen upgraded FirstEnergy from a “hold” rating to a “buy” rating and cut their price target for the stock from $56.00 to $53.00 in a research note on Friday, May 15th. Morgan Stanley restated an “overweight” rating on shares of FirstEnergy in a research note on Wednesday. Weiss Ratings lowered shares of FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 17th. Finally, Barclays lifted their price objective on shares of FirstEnergy from $53.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $52.92.

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.