Mn Services Vermogensbeheer B.V. Has $3.90 Million Holdings in FirstEnergy Corporation $FE

by · The Markets Daily

Mn Services Vermogensbeheer B.V. decreased its holdings in FirstEnergy Corporation (NYSE:FEFree Report) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,200 shares of the utilities provider’s stock after selling 12,600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in FirstEnergy were worth $3,904,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC bought a new stake in shares of FirstEnergy in the 4th quarter valued at about $256,000. Integrated Wealth Concepts LLC bought a new position in shares of FirstEnergy during the first quarter worth about $289,000. Empowered Funds LLC raised its position in shares of FirstEnergy by 7.0% during the first quarter. Empowered Funds LLC now owns 11,213 shares of the utilities provider’s stock worth $453,000 after acquiring an additional 732 shares during the last quarter. Woodline Partners LP lifted its stake in shares of FirstEnergy by 40.7% in the first quarter. Woodline Partners LP now owns 43,334 shares of the utilities provider’s stock worth $1,752,000 after acquiring an additional 12,531 shares during the period. Finally, Focus Partners Wealth boosted its holdings in FirstEnergy by 6.8% in the first quarter. Focus Partners Wealth now owns 21,178 shares of the utilities provider’s stock valued at $856,000 after acquiring an additional 1,340 shares during the last quarter. 89.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FE. Barclays decreased their target price on shares of FirstEnergy from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Wolfe Research raised shares of FirstEnergy from a “peer perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Tuesday, January 27th. UBS Group decreased their price objective on shares of FirstEnergy from $49.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Morgan Stanley reissued an “overweight” rating on shares of FirstEnergy in a research note on Wednesday, February 11th. Finally, JPMorgan Chase & Co. boosted their target price on shares of FirstEnergy from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.71.

View Our Latest Stock Analysis on FirstEnergy

FirstEnergy Trading Up 0.7%

Shares of FE stock opened at $51.33 on Friday. FirstEnergy Corporation has a fifty-two week low of $37.58 and a fifty-two week high of $52.29. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.46 and a current ratio of 0.57. The stock has a 50 day simple moving average of $49.41 and a two-hundred day simple moving average of $46.97. The company has a market cap of $29.66 billion, a P/E ratio of 29.16, a PEG ratio of 2.68 and a beta of 0.60.

FirstEnergy (NYSE:FEGet Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.20 billion. FirstEnergy had a return on equity of 10.50% and a net margin of 6.76%.During the same period in the prior year, the business earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Research analysts forecast that FirstEnergy Corporation will post 2.66 earnings per share for the current year.

FirstEnergy Increases Dividend

The business also recently announced 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 is a boost from FirstEnergy’s previous quarterly dividend of $0.45. This represents a $1.86 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Thursday, May 7th. FirstEnergy’s payout ratio is currently 101.14%.

Insiders Place Their Bets

In other news, CAO Jason Lisowski sold 1,373 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $50.84, for a total transaction of $69,803.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Jon Taylor K. sold 26,800 shares of the 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 transaction, the chief financial officer directly owned 119,552 shares in the company, valued at $6,089,978.88. This trade represents a 18.31% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 39,118 shares of company stock worth $1,989,532. 0.17% of the stock is currently owned by company insiders.

FirstEnergy Profile

(Free Report)

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.

Further Reading

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