FirstEnergy Corporation $FE Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in shares of FirstEnergy Corporation (NYSE:FE) by 76.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,270 shares of the utilities provider’s stock after selling 387,525 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in FirstEnergy were worth $4,802,000 at the end of the most recent quarter.

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

FirstEnergy Price Performance

Shares of NYSE:FE opened at $46.89 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.75 and a debt-to-equity ratio of 1.80. The company has a 50-day moving average price of $45.87 and a 200 day moving average price of $43.25. FirstEnergy Corporation has a 52 week low of $37.58 and a 52 week high of $48.20. The company has a market cap of $27.09 billion, a P/E ratio of 20.48, a PEG ratio of 2.80 and a beta of 0.53.

FirstEnergy (NYSE:FE) last issued its earnings results on Wednesday, October 22nd. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. FirstEnergy had a return on equity of 11.15% and a net margin of 9.19%.The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the prior year, the business posted $0.85 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. FirstEnergy has set its FY 2025 guidance at 2.500-2.560 EPS. Research analysts predict that FirstEnergy Corporation will post 2.66 earnings per share for the current year.

FirstEnergy Announces Dividend

The business also recently announced 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. This represents a $1.78 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, November 7th. FirstEnergy’s payout ratio is presently 77.73%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FE. KeyCorp lowered shares of FirstEnergy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 14th. Wells Fargo & Company upgraded shares of FirstEnergy to a “strong-buy” rating in a research note on Tuesday, October 28th. Citigroup started coverage on shares of FirstEnergy in a research report on Tuesday, October 7th. They set a “buy” rating and a $53.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of FirstEnergy in a report on Wednesday, October 8th. Finally, Scotiabank increased their target price on shares of FirstEnergy from $49.00 to $51.00 and gave the stock a “sector outperform” rating in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.