Bollard Group LLC Boosts Stock Holdings in FirstEnergy Corporation $FE

Bollard Group LLC lifted its holdings in shares of FirstEnergy Corporation (NYSE:FE) by 15.6% in the first quarter, HoldingsChannel.com reports. The fund owned 247,847 shares of the utilities provider’s stock after acquiring an additional 33,462 shares during the period. Bollard Group LLC’s holdings in FirstEnergy were worth $12,556,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of FE. State of Wyoming bought a new stake in shares of FirstEnergy in the 2nd quarter worth approximately $25,000. Olistico Wealth LLC purchased a new stake in FirstEnergy in the fourth quarter worth about $31,000. DV Equities LLC bought a new stake in FirstEnergy during the 4th quarter valued at approximately $33,000. Pinnacle Bancorp Inc. raised its position in shares of FirstEnergy by 44.4% in the 1st quarter. Pinnacle Bancorp Inc. now owns 754 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 232 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. lifted its stake in shares of FirstEnergy by 507.9% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 640 shares during the period. 89.41% of the stock is owned by hedge funds and other institutional investors.

FirstEnergy Stock Performance

NYSE:FE opened at $49.91 on Friday. The stock’s 50 day simple moving average is $47.21 and its two-hundred day simple moving average is $48.10. FirstEnergy Corporation has a 1 year low of $41.30 and a 1 year high of $52.34. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.52 and a quick ratio of 0.42. The company has a market cap of $28.87 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 2.37 and a beta of 0.47.

FirstEnergy (NYSE:FE) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.72. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the previous year, the business posted $0.67 earnings per share. The business’s revenue was up 11.6% compared to the same quarter last year. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, equities analysts anticipate that FirstEnergy Corporation will post 2.73 earnings per share for the current fiscal year.

FirstEnergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be paid a $0.465 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, August 7th. FirstEnergy’s dividend payout ratio is currently 101.09%.

Key FirstEnergy News

Here are the key news stories impacting FirstEnergy this week:

• Positive Sentiment: Wells Fargo initiated/maintained a Buy stance on FirstEnergy, signaling renewed analyst confidence in the utility’s outlook. FirstEnergy (FE) Receives a Buy from Wells Fargo
• Positive Sentiment: KeyCorp raised longer-term earnings estimates for FY2028, FY2029 and FY2030, suggesting expectations for steady earnings growth over time.
• Positive Sentiment: FirstEnergy declared a quarterly dividend of $0.465 per share with a roughly 3.8% annualized yield, reinforcing its appeal to income-focused investors.
• Neutral Sentiment: KeyCorp trimmed its FY2026 EPS estimate slightly to $2.72 from $2.73, but that is still close to the current consensus of $2.74 and does not materially change the near-term outlook.
• Neutral Sentiment: KeyCorp’s near-term quarter estimates imply mixed results, including Q2 EPS of $0.47 and Q3 EPS of $0.98, leaving investors focused on whether upcoming earnings can beat expectations.
• Neutral Sentiment: In a preview of upcoming results, analysts expect Q2 revenue to rise about 6.28% on load growth and grid investment, while EPS may decline modestly, a mixed but not alarming setup ahead of reporting. FirstEnergy to Report Q2 Earnings: What’s in Store for the Stock?

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FE shares. Barclays upped their price target on FirstEnergy from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday. New Street Research set a $52.00 price target on shares of FirstEnergy in a research report on Tuesday, April 21st. Jefferies Financial Group boosted their price objective on shares of FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, April 21st. Morgan Stanley reaffirmed an “overweight” rating on shares of FirstEnergy in a research note on Wednesday. Finally, UBS Group lifted their target price on shares of FirstEnergy from $50.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, FirstEnergy has a consensus rating of “Moderate Buy” and an average price target of $52.92.

FirstEnergy Company 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.