Caxton Associates LLP Sells 36,890 Shares of FirstEnergy Corporation $FE

Caxton Associates LLP reduced its holdings in shares of FirstEnergy Corporation (NYSE:FE) by 34.7% in the first quarter, Holdings Channel reports. The institutional investor owned 69,513 shares of the utilities provider’s stock after selling 36,890 shares during the period. Caxton Associates LLP’s holdings in FirstEnergy were worth $3,522,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in FirstEnergy by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 68,109,341 shares of the utilities provider’s stock worth $3,049,255,000 after purchasing an additional 761,157 shares during the period. Boston Partners grew its holdings in FirstEnergy by 13.5% during the third quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock valued at $841,161,000 after purchasing an additional 2,185,400 shares during the period. Geode Capital Management LLC grew its holdings in FirstEnergy by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 13,463,298 shares of the utilities provider’s stock valued at $600,351,000 after purchasing an additional 126,834 shares during the period. Invesco Ltd. increased its position in FirstEnergy by 0.3% in the fourth quarter. Invesco Ltd. now owns 11,722,471 shares of the utilities provider’s stock worth $524,815,000 after buying an additional 34,014 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in FirstEnergy by 7.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 9,971,706 shares of the utilities provider’s stock worth $508,158,000 after buying an additional 694,449 shares in the last quarter. 89.41% of the stock is currently owned by institutional investors.

FirstEnergy Trading Up 0.3%

Shares of FE stock opened at $49.48 on Friday. FirstEnergy Corporation has a 52-week low of $41.17 and a 52-week high of $52.34. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.42 and a current ratio of 0.52. The firm has a market capitalization of $28.62 billion, a PE ratio of 26.89, a PEG ratio of 2.36 and a beta of 0.47. The stock has a fifty day simple moving average of $47.09 and a two-hundred day simple moving average of $48.09.

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

FirstEnergy Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $55.00 price objective on shares of FirstEnergy in a research note on Tuesday, April 21st. UBS Group boosted their price objective on FirstEnergy from $50.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. TD Cowen raised shares of FirstEnergy from a “hold” rating to a “buy” rating and reduced their target price for the stock from $56.00 to $53.00 in a report on Friday, May 15th. Morgan Stanley restated an “overweight” rating on shares of FirstEnergy in a research note on Wednesday. Finally, New Street Research set a $52.00 price target on shares of FirstEnergy in a report on Tuesday, April 21st. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, FirstEnergy currently has an average rating of “Moderate Buy” and an average price target 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.