Checchi Capital Advisers LLC Has $214,000 Stock Position in FirstEnergy Corporation $FE

Checchi Capital Advisers LLC lowered its position in shares of FirstEnergy Corporation (NYSE:FE) by 15.2% in the second quarter, HoldingsChannel reports. The fund owned 5,307 shares of the utilities provider’s stock after selling 952 shares during the period. Checchi Capital Advisers LLC’s holdings in FirstEnergy were worth $214,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of FirstEnergy by 0.5% during the 1st 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 in the last quarter. Boston Partners raised its stake in shares of 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 purchasing an additional 2,459,779 shares in the last quarter. Royal Bank of Canada raised its stake in shares of FirstEnergy by 2.9% during the 1st quarter. Royal Bank of Canada now owns 4,098,769 shares of the utilities provider’s stock worth $165,674,000 after purchasing an additional 116,825 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of FirstEnergy by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,430,753 shares of the utilities provider’s stock worth $138,671,000 after purchasing an additional 28,683 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of FirstEnergy by 0.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,664,698 shares of the utilities provider’s stock worth $107,707,000 after purchasing an additional 21,177 shares in the last quarter. Institutional investors own 89.41% of the company’s stock.

FirstEnergy Stock Performance

Shares of NYSE FE opened at $46.43 on Wednesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.61 and a quick ratio of 0.51. The stock’s fifty day moving average price is $43.84 and its two-hundred day moving average price is $41.95. FirstEnergy Corporation has a one year low of $37.58 and a one year high of $46.92. The firm has a market cap of $26.81 billion, a price-to-earnings ratio of 20.54, a P/E/G ratio of 2.85 and a beta of 0.52.

FirstEnergy (NYSE:FE) last issued its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. FirstEnergy had a return on equity of 11.31% and a net margin of 9.31%.The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same period in the prior year, the firm posted $0.56 EPS. FirstEnergy has set its FY 2025 guidance at 2.400-2.600 EPS. On average, equities analysts forecast that FirstEnergy Corporation will post 2.66 EPS for the current year.

FirstEnergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, November 7th. FirstEnergy’s dividend payout ratio is currently 78.76%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on FE shares. Morgan Stanley dropped their price objective on FirstEnergy from $48.00 to $47.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of FirstEnergy in a research note on Saturday, September 27th. UBS Group set a $44.00 price target on FirstEnergy and gave the company a “neutral” rating in a research note on Tuesday, June 24th. Barclays upgraded FirstEnergy from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $43.00 to $49.00 in a research note on Monday, August 25th. Finally, Citigroup started coverage on FirstEnergy in a research note on Tuesday. They issued a “buy” rating on the stock. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, FirstEnergy currently has a consensus rating of “Moderate Buy” and an average target price of $46.25.

About FirstEnergy

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.