Inceptionr LLC Acquires Shares of 31,985 FirstEnergy Corporation $FE

Inceptionr LLC bought a new position in shares of FirstEnergy Corporation (NYSE:FE) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 31,985 shares of the utilities provider’s stock, valued at approximately $1,466,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC boosted its position in shares of FirstEnergy by 81.4% in the 3rd quarter. Parallel Advisors LLC now owns 5,168 shares of the utilities provider’s stock worth $237,000 after purchasing an additional 2,319 shares during the last quarter. Natixis Advisors LLC increased its holdings in FirstEnergy by 0.4% in the third quarter. Natixis Advisors LLC now owns 268,192 shares of the utilities provider’s stock valued at $12,289,000 after purchasing an additional 1,082 shares during the last quarter. First Trust Advisors LP lifted its stake in FirstEnergy by 42.6% in the third quarter. First Trust Advisors LP now owns 2,992,975 shares of the utilities provider’s stock valued at $137,138,000 after buying an additional 894,549 shares during the period. Sunpointe LLC acquired a new position in FirstEnergy in the third quarter valued at about $212,000. Finally, Aptus Capital Advisors LLC bought a new position in FirstEnergy during the third quarter worth about $236,000. Institutional investors own 89.41% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on FE. UBS Group decreased their target price on FirstEnergy from $49.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Wolfe Research upgraded shares of FirstEnergy from a “peer perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research report on Tuesday, January 27th. Barclays reduced their price objective on shares of FirstEnergy from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. Weiss Ratings cut shares of FirstEnergy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 19th. Finally, Mizuho set a $51.00 target price on shares of FirstEnergy in a research note on Thursday, February 19th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, FirstEnergy has an average rating of “Moderate Buy” and a consensus price target of $49.31.

FirstEnergy Trading Up 1.2%

NYSE FE opened at $50.91 on Monday. FirstEnergy Corporation has a one year low of $37.58 and a one year high of $51.39. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.57 and a quick ratio of 0.46. The firm has a market cap of $29.42 billion, a P/E ratio of 28.93, a P/E/G ratio of 2.68 and a beta of 0.61. The stock’s 50-day moving average is $47.62 and its 200-day moving average is $46.10.

FirstEnergy (NYSE:FE) last issued its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. FirstEnergy had a return on equity of 10.50% and a net margin of 6.76%.The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period in the previous year, the firm earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Sell-side analysts anticipate that FirstEnergy Corporation will post 2.66 earnings per share for the current fiscal year.

FirstEnergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 7th will be issued a $0.465 dividend. This represents a $1.86 annualized dividend and a dividend yield of 3.7%. This is a boost from FirstEnergy’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, May 7th. FirstEnergy’s dividend payout ratio is currently 101.14%.

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.