Pictet Asset Management Holding SA Grows Stock Position in FirstEnergy Corporation $FE

Pictet Asset Management Holding SA boosted its position in FirstEnergy Corporation (NYSE:FE) by 20.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 254,775 shares of the utilities provider’s stock after buying an additional 43,229 shares during the quarter. Pictet Asset Management Holding SA’s holdings in FirstEnergy were worth $11,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of FE. Boston Partners increased its position in FirstEnergy by 13.5% in the third quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock worth $841,161,000 after buying an additional 2,185,400 shares during the last quarter. Marshall Wace LLP increased its position in FirstEnergy by 128.5% in the third quarter. Marshall Wace LLP now owns 3,275,409 shares of the utilities provider’s stock worth $150,079,000 after buying an additional 1,841,946 shares during the last quarter. Victory Capital Management Inc. increased its position in FirstEnergy by 104.3% in the third quarter. Victory Capital Management Inc. now owns 3,528,747 shares of the utilities provider’s stock worth $161,687,000 after buying an additional 1,801,729 shares during the last quarter. Federated Hermes Inc. grew its position in shares of FirstEnergy by 25.2% in the third quarter. Federated Hermes Inc. now owns 8,627,746 shares of the utilities provider’s stock valued at $395,323,000 after purchasing an additional 1,738,779 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its position in shares of FirstEnergy by 5,885.7% in the third quarter. Balyasny Asset Management L.P. now owns 1,251,001 shares of the utilities provider’s stock valued at $57,321,000 after purchasing an additional 1,230,101 shares in the last quarter. 89.41% of the stock is owned by hedge funds and other institutional investors.

FirstEnergy Price Performance

FirstEnergy stock opened at $46.91 on Friday. FirstEnergy Corporation has a 52 week low of $39.28 and a 52 week high of $52.34. The business has a 50-day simple moving average of $50.33 and a 200 day simple moving average of $47.69. The company has a quick ratio of 0.46, a current ratio of 0.52 and a debt-to-equity ratio of 1.87. The stock has a market cap of $27.13 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 2.25 and a beta of 0.48.

FirstEnergy (NYSE:FE) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, hitting the consensus estimate 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 business earned $0.67 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, research analysts forecast that FirstEnergy Corporation will post 2.73 earnings per share for the current fiscal year.

FirstEnergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 7th will be given a dividend of $0.465 per share. The ex-dividend date is Thursday, May 7th. This is a positive change from FirstEnergy’s previous quarterly dividend of $0.45. This represents a $1.86 annualized dividend and a yield of 4.0%. FirstEnergy’s dividend payout ratio (DPR) is presently 96.74%.

Insider Buying and Selling

In related news, CFO Jon Taylor K. sold 26,800 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $50.94, for a total transaction of $1,365,192.00. Following the completion of the transaction, the chief financial officer directly owned 119,552 shares in the company, valued at $6,089,978.88. The trade was a 18.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jason Lisowski sold 3,000 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $50.84, for a total value of $152,520.00. Following the transaction, the chief accounting officer owned 7,176 shares of the company’s stock, valued at approximately $364,827.84. The trade was a 29.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 39,118 shares of company stock worth $1,989,532 over the last ninety days. 0.14% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FE shares. Scotiabank reiterated an “outperform” rating on shares of FirstEnergy in a research report on Thursday, February 19th. Wells Fargo & Company reiterated an “overweight” rating and issued a $55.00 price target on shares of FirstEnergy in a research report on Tuesday, April 21st. Mizuho set a $51.00 price target on FirstEnergy in a research report on Thursday, February 19th. Jefferies Financial Group lifted their price target on FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, April 21st. Finally, Morgan Stanley reiterated an “overweight” rating on shares of FirstEnergy in a research report on Wednesday, February 11th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, FirstEnergy has a consensus rating of “Moderate Buy” and an average target price of $51.92.

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.