Duff & Phelps Investment Management Co. Raises Position in FirstEnergy Corporation $FE

Duff & Phelps Investment Management Co. increased its stake in shares of FirstEnergy Corporation (NYSE:FE) by 14.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,304,500 shares of the utilities provider’s stock after buying an additional 166,000 shares during the quarter. Duff & Phelps Investment Management Co. owned 0.23% of FirstEnergy worth $52,519,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Oliver Lagore Vanvalin Investment Group purchased a new position in FirstEnergy during the second quarter worth about $26,000. Investment Research & Advisory Group Inc. bought a new position in shares of FirstEnergy during the 2nd quarter worth approximately $26,000. N.E.W. Advisory Services LLC purchased a new position in shares of FirstEnergy in the 1st quarter worth approximately $27,000. Capital Advisors Ltd. LLC grew its holdings in shares of FirstEnergy by 186.4% in the second quarter. Capital Advisors Ltd. LLC now owns 676 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 440 shares in the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of FirstEnergy during the first quarter valued at approximately $40,000. 89.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FE has been the subject of a number of research analyst reports. Wells Fargo & Company upgraded shares of FirstEnergy to a “strong-buy” rating in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of FirstEnergy in a report on Wednesday, October 8th. KeyCorp cut FirstEnergy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 14th. Barclays raised FirstEnergy from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $43.00 to $49.00 in a research note on Monday, August 25th. Finally, Morgan Stanley lifted their price target on shares of FirstEnergy from $47.00 to $50.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. One 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.com, FirstEnergy currently has an average rating of “Moderate Buy” and an average target price of $49.08.

FirstEnergy Stock Performance

Shares of FE opened at $45.92 on Monday. The firm has a market capitalization of $26.53 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 2.80 and a beta of 0.53. The company has a 50-day simple moving average of $45.56 and a two-hundred day simple moving average of $43.12. FirstEnergy Corporation has a one year low of $37.58 and a one year high of $48.20. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.75 and a quick ratio of 0.51.

FirstEnergy (NYSE:FE) last announced its earnings results on Wednesday, October 22nd. The utilities provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. FirstEnergy had a net margin of 9.19% and a return on equity of 11.15%. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The company’s quarterly revenue was up 10.8% on a year-over-year basis. FirstEnergy has set its FY 2025 guidance at 2.500-2.560 EPS. On average, analysts anticipate that FirstEnergy Corporation will post 2.66 EPS for the current fiscal 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 issued a $0.445 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $1.78 annualized dividend and a yield of 3.9%. FirstEnergy’s payout ratio is 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.