Vise Technologies Inc. Makes New Investment in FirstEnergy Corporation $FE

Vise Technologies Inc. purchased a new stake in FirstEnergy Corporation (NYSE:FE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 16,059 shares of the utilities provider’s stock, valued at approximately $647,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DekaBank Deutsche Girozentrale grew its stake in FirstEnergy by 1.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 84,565 shares of the utilities provider’s stock valued at $3,355,000 after acquiring an additional 1,349 shares during the period. Atria Investments Inc lifted its holdings in shares of FirstEnergy by 84.7% during the 2nd quarter. Atria Investments Inc now owns 52,238 shares of the utilities provider’s stock valued at $2,103,000 after purchasing an additional 23,959 shares in the last quarter. Brighton Jones LLC acquired a new position in shares of FirstEnergy in the 4th quarter valued at approximately $256,000. Nordea Investment Management AB increased its stake in FirstEnergy by 3.7% during the 2nd quarter. Nordea Investment Management AB now owns 26,621 shares of the utilities provider’s stock worth $1,060,000 after purchasing an additional 956 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in FirstEnergy by 49.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 48,537 shares of the utilities provider’s stock worth $1,954,000 after buying an additional 16,046 shares during the period. Institutional investors own 89.41% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Mizuho upped their price target on shares of FirstEnergy from $45.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, October 24th. UBS Group upped their target price on shares of FirstEnergy from $47.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Weiss Ratings reissued a “buy (b)” rating on shares of FirstEnergy in a research note on Wednesday, October 8th. Morgan Stanley boosted their price target on FirstEnergy from $47.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Finally, Citigroup assumed coverage on FirstEnergy in a report on Tuesday, October 7th. They set a “buy” rating and a $53.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.08.

FirstEnergy Stock Up 0.5%

Shares of FE opened at $45.92 on Friday. The company’s 50-day simple moving average is $45.56 and its 200-day simple moving average is $43.12. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.51 and a current ratio of 0.75. FirstEnergy Corporation has a 1 year low of $37.58 and a 1 year high of $48.20. The stock has a market capitalization of $26.53 billion, a PE ratio of 20.05, a P/E/G ratio of 2.80 and a beta of 0.53.

FirstEnergy (NYSE:FE) last posted its quarterly earnings results on Wednesday, October 22nd. The utilities provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.76 by $0.07. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.94 billion. FirstEnergy had a net margin of 9.19% and a return on equity of 11.15%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 earnings per share. FirstEnergy has set its FY 2025 guidance at 2.500-2.560 EPS. Analysts forecast that FirstEnergy Corporation will post 2.66 earnings per share for the current fiscal year.

FirstEnergy Announces Dividend

The business also recently declared 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 of this dividend is Friday, November 7th. This represents a $1.78 dividend on an annualized basis and a yield of 3.9%. FirstEnergy’s dividend payout ratio (DPR) is currently 77.73%.

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.