Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 36,611 Shares of FirstEnergy Corporation $FE

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in FirstEnergy Corporation (NYSE:FE) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,047,781 shares of the utilities provider’s stock after selling 36,611 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.18% of FirstEnergy worth $42,184,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in FirstEnergy by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 66,150,214 shares of the utilities provider’s stock valued at $2,673,792,000 after buying an additional 306,313 shares in the last quarter. Boston Partners grew its position in shares of FirstEnergy by 14.9% in the first quarter. Boston Partners now owns 18,962,859 shares of the utilities provider’s stock valued at $767,952,000 after purchasing an additional 2,459,779 shares in the last quarter. Geode Capital Management LLC grew its position in shares of FirstEnergy by 1.1% in the second quarter. Geode Capital Management LLC now owns 13,091,114 shares of the utilities provider’s stock valued at $524,764,000 after purchasing an additional 146,742 shares in the last quarter. Royal Bank of Canada raised its stake in shares of FirstEnergy by 2.9% during the 1st quarter. Royal Bank of Canada now owns 4,098,769 shares of the utilities provider’s stock valued at $165,674,000 after purchasing an additional 116,825 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in FirstEnergy by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,430,753 shares of the utilities provider’s stock worth $138,671,000 after purchasing an additional 28,683 shares in the last quarter. 89.41% of the stock is currently owned by hedge funds and other institutional investors.

FirstEnergy Trading Up 0.5%

Shares of FirstEnergy stock opened at $45.92 on Friday. 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 Corporation has a 1 year low of $37.58 and a 1 year high of $48.20. The firm has a market cap of $26.53 billion, a PE ratio of 20.05, a PEG 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 (NYSE:FE) last posted its quarterly earnings data on Wednesday, October 22nd. The utilities provider reported $0.83 earnings per share for the quarter, beating the consensus estimate 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 last year, the company posted $0.85 EPS. The business’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. Analysts expect that FirstEnergy Corporation will post 2.66 earnings per share for the current fiscal year.

FirstEnergy Announces Dividend

The company 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 dividend of $0.445 per share. The ex-dividend date 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 presently 77.73%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Mizuho upped their price target on FirstEnergy from $45.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Citigroup assumed coverage on shares of FirstEnergy in a research note on Tuesday, October 7th. They set a “buy” rating and a $53.00 price objective for the company. KeyCorp lowered shares of FirstEnergy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 14th. Wells Fargo & Company raised shares of FirstEnergy to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, UBS Group boosted their price target on shares of FirstEnergy from $47.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, FirstEnergy has an average rating of “Moderate Buy” and an average target price of $49.08.

FirstEnergy Company 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.