Hennion & Walsh Asset Management Inc. Sells 11,765 Shares of FirstEnergy Corporation $FE

Hennion & Walsh Asset Management Inc. lessened its position in shares of FirstEnergy Corporation (NYSE:FE) by 18.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 53,512 shares of the utilities provider’s stock after selling 11,765 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in FirstEnergy were worth $2,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in FE. American National Bank & Trust increased its holdings in FirstEnergy by 380.2% in the 3rd quarter. American National Bank & Trust now owns 581 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 460 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in FirstEnergy during the third quarter valued at about $27,000. TruNorth Capital Management LLC lifted its holdings in FirstEnergy by 187.5% during the third quarter. TruNorth Capital Management LLC now owns 621 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 405 shares during the last quarter. State of Wyoming bought a new position in FirstEnergy during the second quarter worth about $25,000. Finally, Olistico Wealth LLC bought a new position in FirstEnergy during the fourth quarter worth about $31,000. Institutional investors own 89.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FE. Barclays lowered their price target on shares of FirstEnergy from $51.00 to $50.00 and set an “overweight” rating on the stock 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 for the company in a report on Tuesday, January 27th. Mizuho set a $51.00 target price on shares of FirstEnergy in a report on Thursday, February 19th. JPMorgan Chase & Co. increased their target price on FirstEnergy from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of FirstEnergy in a report on Wednesday, February 11th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.71.

FirstEnergy Trading Up 0.5%

Shares of FE opened at $50.66 on Wednesday. FirstEnergy Corporation has a twelve month low of $37.58 and a twelve month high of $52.29. The stock has a market cap of $29.28 billion, a PE ratio of 28.79, a P/E/G ratio of 2.65 and a beta of 0.61. 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 business’s 50-day moving average price is $49.25 and its 200-day moving average price is $46.91.

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

FirstEnergy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 7th will be given a dividend of $0.465 per share. This is an increase from FirstEnergy’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, May 7th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.7%. FirstEnergy’s dividend payout ratio (DPR) is presently 105.68%.

Insider Transactions at FirstEnergy

In related news, CAO Jason Lisowski sold 3,000 shares of FirstEnergy stock in a transaction on Friday, March 6th. The stock was sold at an average price of $50.84, for a total transaction of $152,520.00. Following the completion of the sale, the chief accounting officer owned 7,176 shares of the company’s stock, valued at approximately $364,827.84. This trade represents a 29.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $1,365,192.00. Following the transaction, the chief financial officer 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 SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 39,118 shares of company stock valued at $1,989,532. 0.17% of the stock is currently owned by company insiders.

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.