Olistico Wealth LLC Purchases 600 Shares of FirstEnergy Corporation $FE

Olistico Wealth LLC grew its position in FirstEnergy Corporation (NYSE:FE) by 120.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,100 shares of the utilities provider’s stock after acquiring an additional 600 shares during the period. Olistico Wealth LLC’s holdings in FirstEnergy were worth $44,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Berger Financial Group Inc grew its position in shares of FirstEnergy by 1.8% in the 2nd quarter. Berger Financial Group Inc now owns 143,389 shares of the utilities provider’s stock valued at $5,773,000 after acquiring an additional 2,595 shares during the period. Firethorn Wealth Partners LLC grew its holdings in FirstEnergy by 10.4% during the second quarter. Firethorn Wealth Partners LLC now owns 6,065 shares of the utilities provider’s stock worth $244,000 after purchasing an additional 573 shares during the period. 111 Capital bought a new position in FirstEnergy during the second quarter worth about $517,000. QRG Capital Management Inc. boosted its stake in shares of FirstEnergy by 9.4% during the 2nd quarter. QRG Capital Management Inc. now owns 15,445 shares of the utilities provider’s stock worth $622,000 after acquiring an additional 1,328 shares during the period. Finally, Phraction Management LLC bought a new position in shares of FirstEnergy during the 2nd quarter worth approximately $2,267,000. Institutional investors own 89.41% of the company’s stock.

Analysts Set New Price Targets

FE has been the subject of several research analyst reports. Barclays upgraded FirstEnergy from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $43.00 to $49.00 in a research note on Monday, August 25th. UBS Group set a $44.00 price objective on shares of FirstEnergy and gave the stock a “neutral” rating in a research report on Tuesday, June 24th. KeyCorp reaffirmed an “overweight” rating and set a $46.00 target price (down previously from $47.00) on shares of FirstEnergy in a report on Wednesday, July 16th. Mizuho lifted their target price on shares of FirstEnergy from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of FirstEnergy in a report on Saturday, September 27th. Seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $46.00.

FirstEnergy Stock Performance

NYSE FE opened at $45.92 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.61 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $26.52 billion, a P/E ratio of 20.32, a P/E/G ratio of 2.82 and a beta of 0.52. FirstEnergy Corporation has a 12-month low of $37.58 and a 12-month high of $46.27. The firm has a 50-day moving average price of $43.65 and a two-hundred day moving average price of $41.86.

FirstEnergy (NYSE:FE) last issued its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. FirstEnergy had a return on equity of 11.31% and a net margin of 9.31%.The business had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.45 billion. During the same period in the previous year, the company posted $0.56 earnings per share. FirstEnergy has set its FY 2025 guidance at 2.400-2.600 EPS. Analysts anticipate that FirstEnergy Corporation will post 2.66 earnings per share for the current year.

FirstEnergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be given a $0.445 dividend. The ex-dividend date is Friday, November 7th. This represents a $1.78 annualized dividend and a yield of 3.9%. FirstEnergy’s dividend payout ratio (DPR) is currently 78.76%.

FirstEnergy Profile

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities.