SummitTX Capital L.P. Acquires 10,974 Shares of FirstEnergy Corporation $FE

SummitTX Capital L.P. boosted its stake in shares of FirstEnergy Corporation (NYSE:FE) by 3.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 322,959 shares of the utilities provider’s stock after buying an additional 10,974 shares during the period. FirstEnergy makes up approximately 0.5% of SummitTX Capital L.P.’s holdings, making the stock its 25th biggest holding. SummitTX Capital L.P.’s holdings in FirstEnergy were worth $16,361,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. BROOKFIELD Corp ON increased its position in shares of FirstEnergy by 6.4% during the first quarter. BROOKFIELD Corp ON now owns 2,621,338 shares of the utilities provider’s stock worth $132,797,000 after acquiring an additional 156,920 shares in the last quarter. Lazard Asset Management LLC boosted its stake in FirstEnergy by 3.0% in the 1st quarter. Lazard Asset Management LLC now owns 72,364 shares of the utilities provider’s stock worth $3,666,000 after purchasing an additional 2,099 shares during the period. OMERS ADMINISTRATION Corp boosted its stake in FirstEnergy by 48.2% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 28,946 shares of the utilities provider’s stock worth $1,466,000 after purchasing an additional 9,410 shares during the period. Waverly Advisors LLC increased its holdings in FirstEnergy by 2.8% during the 1st quarter. Waverly Advisors LLC now owns 12,294 shares of the utilities provider’s stock worth $623,000 after purchasing an additional 330 shares in the last quarter. Finally, Wealth Alliance LLC increased its holdings in FirstEnergy by 27.2% during the 1st quarter. Wealth Alliance LLC now owns 35,117 shares of the utilities provider’s stock worth $1,779,000 after purchasing an additional 7,500 shares in the last quarter. Institutional investors own 89.41% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays boosted their price target on FirstEnergy from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, July 20th. UBS Group lifted their target price on FirstEnergy from $50.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. Morgan Stanley restated an “overweight” rating on shares of FirstEnergy in a research note on Wednesday. New Street Research set a $52.00 price target on FirstEnergy in a research report on Tuesday, April 21st. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $55.00 price target on shares of FirstEnergy in a research note on Tuesday, April 21st. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $52.92.

FirstEnergy Trading Down 0.0%

FirstEnergy stock opened at $49.91 on Monday. The firm has a 50-day moving average of $47.21 and a 200-day moving average of $48.12. FirstEnergy Corporation has a one year low of $41.30 and a one 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 P/E/G ratio of 2.39 and a beta of 0.47.

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

FirstEnergy Announces Dividend

The business also recently declared 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 (DPR) is currently 101.09%.

FirstEnergy News Roundup

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?

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.