FirstEnergy Corporation $FE Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in FirstEnergy Corporation (NYSE:FE) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,054,989 shares of the utilities provider’s stock after buying an additional 16,700 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.18% of FirstEnergy worth $48,340,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of FE. State of Wyoming purchased a new stake in FirstEnergy in the 2nd quarter valued at $25,000. American National Bank & Trust increased its stake in FirstEnergy by 380.2% in the third quarter. American National Bank & Trust now owns 581 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 460 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of FirstEnergy in the third quarter valued at about $27,000. TruNorth Capital Management LLC raised its holdings in shares of FirstEnergy by 187.5% in the third quarter. TruNorth Capital Management LLC now owns 621 shares of the utilities provider’s stock valued at $28,000 after buying an additional 405 shares during the last quarter. Finally, Caldwell Trust Co acquired a new stake in shares of FirstEnergy during the second quarter worth about $35,000. 89.41% of the stock is currently owned by hedge funds and other institutional investors.

FirstEnergy Stock Performance

NYSE:FE opened at $51.15 on Friday. The firm’s fifty day simple moving average is $47.02 and its 200-day simple moving average is $45.83. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.83. The stock has a market cap of $29.56 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 2.91 and a beta of 0.64. FirstEnergy Corporation has a fifty-two week low of $37.58 and a fifty-two week high of $51.34.

FirstEnergy (NYSE:FE) last released its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. FirstEnergy had a net margin of 6.76% and a return on equity of 10.50%. The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the firm earned $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Analysts expect that FirstEnergy Corporation will post 2.66 earnings per share for the current fiscal year.

FirstEnergy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 7th will be issued a $0.465 dividend. The ex-dividend date is Thursday, May 7th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.6%. This is an increase from FirstEnergy’s previous quarterly dividend of $0.45. FirstEnergy’s payout ratio is currently 101.14%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. UBS Group dropped their price target on FirstEnergy from $49.00 to $46.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Morgan Stanley reissued an “overweight” rating on shares of FirstEnergy in a report on Wednesday, February 11th. Wolfe Research upgraded FirstEnergy from a “peer perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research note on Tuesday, January 27th. Weiss Ratings lowered shares of FirstEnergy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 19th. Finally, Scotiabank reissued an “outperform” rating on shares of FirstEnergy in a research note on Thursday, February 19th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $49.31.

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.