Mitsubishi UFJ Asset Management Co. Ltd. Purchases 57,597 Shares of FirstEnergy Corporation $FE

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of FirstEnergy Corporation (NYSE:FE) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,112,586 shares of the utilities provider’s stock after acquiring an additional 57,597 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in FirstEnergy were worth $50,356,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State of Wyoming bought a new stake in shares of FirstEnergy during the second quarter worth $25,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of FirstEnergy during the third quarter worth $27,000. Olistico Wealth LLC bought a new stake in shares of FirstEnergy during the fourth quarter worth $31,000. Quest 10 Wealth Builders Inc. raised its position in shares of FirstEnergy by 507.9% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 640 shares during the last quarter. Finally, Networth Advisors LLC bought a new stake in shares of FirstEnergy during the fourth quarter worth $40,000. Institutional investors own 89.41% of the company’s stock.

Insider Buying and Selling

In related news, Director James F. Oneil sold 7,945 shares of FirstEnergy stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $50.60, for a total transaction of $402,017.00. Following the completion of the sale, the director directly owned 1,869 shares of the company’s stock, valued at $94,571.40. The trade was a 80.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jon Taylor K. sold 26,800 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $50.94, for a total value of $1,365,192.00. Following the completion of the transaction, the chief financial officer directly owned 119,552 shares of the company’s stock, valued at approximately $6,089,978.88. The trade was a 18.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 39,118 shares of company stock valued at $1,989,532 over the last three months. Company insiders own 0.14% of the company’s stock.

FirstEnergy Stock Down 1.9%

Shares of FirstEnergy stock opened at $44.32 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 1.87. FirstEnergy Corporation has a 12 month low of $39.28 and a 12 month high of $52.34. The business has a fifty day simple moving average of $50.03 and a 200 day simple moving average of $47.65. The stock has a market cap of $25.64 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 2.17 and a beta of 0.48.

FirstEnergy (NYSE:FE) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The business had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $3.80 billion. During the same period in the previous year, the firm earned $0.67 earnings per share. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Research analysts predict that FirstEnergy Corporation will post 2.73 EPS for the current year.

FirstEnergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 7th will be paid a dividend of $0.465 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 4.2%. This is a boost from FirstEnergy’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, May 7th. FirstEnergy’s payout ratio is presently 101.09%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FE. Wells Fargo & Company restated an “overweight” rating and set a $55.00 target price on shares of FirstEnergy in a research report on Tuesday, April 21st. Mizuho set a $51.00 target price on FirstEnergy in a research report on Thursday, February 19th. Jefferies Financial Group boosted their target price on FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, April 21st. TD Cowen began coverage on FirstEnergy in a research report on Thursday, April 16th. They set a “hold” rating and a $56.00 target price for the company. Finally, Weiss Ratings upgraded FirstEnergy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $51.92.

FirstEnergy Profile

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.