USA Financial Formulas Acquires New Holdings in FirstEnergy Corporation $FE

USA Financial Formulas bought a new position in shares of FirstEnergy Corporation (NYSE:FE) during the fourth quarter, HoldingsChannel reports. The fund bought 20,246 shares of the utilities provider’s stock, valued at approximately $906,000.

Other hedge funds also recently modified their holdings of the company. Capital Investment Advisors LLC raised its position in FirstEnergy by 7.8% in the fourth quarter. Capital Investment Advisors LLC now owns 8,241 shares of the utilities provider’s stock valued at $369,000 after purchasing an additional 594 shares during the last quarter. Stablepoint Partners LLC increased its stake in shares of FirstEnergy by 1.2% in the fourth quarter. Stablepoint Partners LLC now owns 133,023 shares of the utilities provider’s stock valued at $5,955,000 after buying an additional 1,562 shares during the period. Balanced Wealth Group LLC raised its holdings in FirstEnergy by 1.0% in the 4th quarter. Balanced Wealth Group LLC now owns 28,261 shares of the utilities provider’s stock valued at $1,299,000 after buying an additional 271 shares during the last quarter. Olistico Wealth LLC acquired a new stake in FirstEnergy during the 4th quarter worth approximately $31,000. Finally, CCM Investment Advisers LLC grew its holdings in FirstEnergy by 2.5% during the 4th quarter. CCM Investment Advisers LLC now owns 304,484 shares of the utilities provider’s stock worth $13,632,000 after acquiring an additional 7,350 shares during the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

Insiders Place Their Bets

In other FirstEnergy news, CAO Jason Lisowski sold 1,373 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $50.84, for a total value of $69,803.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jon Taylor K. sold 26,800 shares of the stock in a transaction that occurred on 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 in the company, valued at $6,089,978.88. The trade was a 18.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 39,118 shares of company stock worth $1,989,532. 0.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FE has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of FirstEnergy from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Morgan Stanley restated an “overweight” rating on shares of FirstEnergy in a report on Wednesday, February 11th. Weiss Ratings lowered FirstEnergy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 19th. Scotiabank reaffirmed an “outperform” rating on shares of FirstEnergy in a report on Thursday, February 19th. Finally, Mizuho set a $51.00 price target on FirstEnergy in a research report on Thursday, February 19th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.71.

FirstEnergy Stock Down 0.0%

Shares of NYSE FE opened at $50.03 on Friday. The company’s 50 day moving average price is $49.12 and its 200-day moving average price is $46.79. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.46 and a current ratio of 0.57. FirstEnergy Corporation has a 52-week low of $37.58 and a 52-week high of $52.29. The company has a market capitalization of $28.91 billion, a P/E ratio of 28.43, a price-to-earnings-growth ratio of 2.63 and a beta of 0.61.

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

FirstEnergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 7th will be paid a dividend of $0.465 per share. This is an increase from FirstEnergy’s previous quarterly dividend of $0.45. This represents a $1.86 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, May 7th. FirstEnergy’s payout ratio is 101.14%.

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.