Modern Wealth Management LLC Buys Shares of 17,016 FirstEnergy Corporation $FE

Modern Wealth Management LLC purchased a new stake in shares of FirstEnergy Corporation (NYSE:FE) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 17,016 shares of the utilities provider’s stock, valued at approximately $867,000.

A number of other hedge funds have also modified their holdings of FE. Parallel Advisors LLC raised its holdings in shares of FirstEnergy by 4.1% during the fourth quarter. Parallel Advisors LLC now owns 5,381 shares of the utilities provider’s stock worth $241,000 after acquiring an additional 213 shares in the last quarter. Simplicity Wealth LLC grew its stake in FirstEnergy by 3.4% in the first quarter. Simplicity Wealth LLC now owns 6,839 shares of the utilities provider’s stock valued at $346,000 after purchasing an additional 223 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in FirstEnergy by 5.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,677 shares of the utilities provider’s stock worth $209,000 after purchasing an additional 223 shares during the last quarter. Pinnacle Bancorp Inc. increased its position in FirstEnergy by 44.4% in the 1st quarter. Pinnacle Bancorp Inc. now owns 754 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 232 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of FirstEnergy by 4.8% during the 4th quarter. Signaturefd LLC now owns 5,181 shares of the utilities provider’s stock worth $232,000 after purchasing an additional 235 shares in the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on FE. Wells Fargo & Company reiterated an “overweight” rating and set a $55.00 price target on shares of FirstEnergy in a report on Tuesday, April 21st. Morgan Stanley reaffirmed an “overweight” rating on shares of FirstEnergy in a research report on Wednesday. Weiss Ratings cut shares of FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 17th. Barclays boosted their target price on shares of FirstEnergy from $53.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Finally, UBS Group increased their price target on shares of FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.92.

FirstEnergy Stock Down 0.0%

FE opened at $49.91 on Monday. The business has a 50 day moving average price of $47.21 and a 200 day moving average price of $48.12. FirstEnergy Corporation has a twelve month low of $41.30 and a twelve month high of $52.34. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.42 and a current ratio of 0.52. The firm has a market cap of $28.87 billion, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 2.39 and a beta of 0.47.

FirstEnergy (NYSE:FE) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.72. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The firm had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share. The company’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. Research analysts forecast that FirstEnergy Corporation will post 2.73 EPS for the current year.

FirstEnergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be issued a dividend of $0.465 per share. This represents a $1.86 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, August 7th. FirstEnergy’s dividend payout ratio is currently 101.09%.

Trending Headlines about FirstEnergy

Here are the key news stories impacting FirstEnergy this week:

• Positive Sentiment: Wells Fargo initiated/maintained a Buy stance on FirstEnergy, signaling renewed analyst confidence in the utility’s outlook. FirstEnergy (FE) Receives a Buy from Wells Fargo
• Positive Sentiment: KeyCorp raised longer-term earnings estimates for FY2028, FY2029 and FY2030, suggesting expectations for steady earnings growth over time.
• Positive Sentiment: FirstEnergy declared a quarterly dividend of $0.465 per share with a roughly 3.8% annualized yield, reinforcing its appeal to income-focused investors.
• Neutral Sentiment: KeyCorp trimmed its FY2026 EPS estimate slightly to $2.72 from $2.73, but that is still close to the current consensus of $2.74 and does not materially change the near-term outlook.
• Neutral Sentiment: KeyCorp’s near-term quarter estimates imply mixed results, including Q2 EPS of $0.47 and Q3 EPS of $0.98, leaving investors focused on whether upcoming earnings can beat expectations.
• Neutral Sentiment: In a preview of upcoming results, analysts expect Q2 revenue to rise about 6.28% on load growth and grid investment, while EPS may decline modestly, a mixed but not alarming setup ahead of reporting. FirstEnergy to Report Q2 Earnings: What’s in Store for the Stock?

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.