FirstEnergy Corporation $FE Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its holdings in shares of FirstEnergy Corporation (NYSE:FE) by 1.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,161,926 shares of the utilities provider’s stock after selling 16,793 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.20% of FirstEnergy worth $58,863,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in FirstEnergy by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 68,109,341 shares of the utilities provider’s stock worth $3,049,255,000 after purchasing an additional 761,157 shares in the last quarter. Boston Partners raised its holdings in shares of FirstEnergy by 13.5% in the third quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock worth $841,161,000 after buying an additional 2,185,400 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of FirstEnergy by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 13,463,298 shares of the utilities provider’s stock worth $600,351,000 after buying an additional 126,834 shares during the last quarter. Invesco Ltd. lifted its stake in shares of FirstEnergy by 0.3% during the fourth quarter. Invesco Ltd. now owns 11,722,471 shares of the utilities provider’s stock worth $524,815,000 after buying an additional 34,014 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of FirstEnergy by 7.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 9,971,706 shares of the utilities provider’s stock valued at $508,158,000 after buying an additional 694,449 shares during the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on FE. UBS Group raised their target price on FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Wolfe Research downgraded FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. New Street Research set a $52.00 price objective on FirstEnergy in a report on Tuesday, April 21st. Weiss Ratings cut FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 17th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of FirstEnergy in a report on Wednesday, July 22nd. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, FirstEnergy presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.92.

More FirstEnergy News

Here are the key news stories impacting FirstEnergy this week:

• Positive Sentiment: FirstEnergy reported second-quarter revenue of approximately $3.7 billion, above the $3.51 billion analyst consensus, while GAAP earnings rose to $288 million, or $0.50 per share, from $268 million, or $0.46 per share, a year earlier. FirstEnergy Reports Strong Second Quarter 2026 Results
• Positive Sentiment: Transmission growth, improved operating efficiency and rising electricity demand from data centers supported the quarter. Contracted and pipeline data-center demand increased 30% from the first quarter to 6.4 gigawatts, with West Virginia demand up 137% to 4.3 gigawatts. FirstEnergy quarterly profit rises on data center demand
• Positive Sentiment: Management reaffirmed its 2026 Core Earnings guidance of $2.62 to $2.82 per share, its goal of compound Core Earnings growth near the top of the 6%–8% range through 2030, and the five-year $36 billion Energize365 capital-investment program. FirstEnergy also deployed $2.9 billion in capital during the first half of 2026. FirstEnergy Q2 Earnings Beat Estimates
• Neutral Sentiment: Core and GAAP earnings were $0.50 per share, matching the broader analyst consensus, although one estimate measured against $0.49 and characterized the result as a modest beat. Core earnings declined from $0.52 per share in the prior-year quarter, limiting the positive reaction. FirstEnergy quarterly earnings report
• Negative Sentiment: Recent insider activity was entirely selling: executives sold shares in four reported transactions over the past six months. While not necessarily tied to the earnings report, this may add a modest overhang for investors. FirstEnergy Reports $288 Million Q2 GAAP Earnings

FirstEnergy Trading Down 1.1%

Shares of FirstEnergy stock opened at $49.12 on Thursday. The stock has a market cap of $28.41 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 2.38 and a beta of 0.47. The firm has a fifty day moving average price of $47.48 and a 200 day moving average price of $48.22. FirstEnergy Corporation has a 1 year low of $41.64 and a 1 year high of $52.34. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.52 and a quick ratio of 0.42.

FirstEnergy (NYSE:FE) last posted its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.51 billion. FirstEnergy had a net margin of 6.86% and a return on equity of 10.57%. During the same period in the prior year, the company earned $0.52 earnings per share. Equities research analysts predict that FirstEnergy Corporation will post 2.73 earnings per share for the current year.

FirstEnergy Announces Dividend

The business also recently announced 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 yield of 3.8%. The ex-dividend date of this dividend is Friday, August 7th. FirstEnergy’s dividend payout ratio (DPR) is 101.09%.

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.