Russell Investments Group Ltd. Acquires 208,135 Shares of FirstEnergy Corporation $FE

Russell Investments Group Ltd. lifted its holdings in FirstEnergy Corporation (NYSE:FE) by 19.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,299,292 shares of the utilities provider’s stock after buying an additional 208,135 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.22% of FirstEnergy worth $59,528,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FE. State of Wyoming bought a new position 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 worth $27,000 after purchasing an additional 460 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of FirstEnergy during the third quarter worth $27,000. TruNorth Capital Management LLC boosted its stake in shares of 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 period. Finally, Caldwell Trust Co purchased a new stake in shares of FirstEnergy during the second quarter valued at $35,000. 89.41% of the stock is owned by institutional investors.

FirstEnergy Stock Performance

Shares of FirstEnergy stock opened at $50.64 on Wednesday. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.83. The stock’s fifty day moving average price is $47.85 and its 200-day moving average price is $46.20. The firm has a market cap of $29.26 billion, a P/E ratio of 28.77, a P/E/G ratio of 2.68 and a beta of 0.61. FirstEnergy Corporation has a 12 month low of $37.58 and a 12 month high of $51.39.

FirstEnergy (NYSE:FE) last released its quarterly earnings data 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 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 in the prior year, the firm earned $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, equities research analysts expect that FirstEnergy Corporation will post 2.66 earnings per share for the current fiscal year.

FirstEnergy Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on FE. Morgan Stanley reaffirmed an “overweight” rating on shares of FirstEnergy in a research note on Wednesday, February 11th. 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 research report on Tuesday, January 27th. Mizuho set a $51.00 target price on shares of FirstEnergy in a research note on Thursday, February 19th. UBS Group reduced their target price on shares of FirstEnergy from $49.00 to $46.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Finally, Weiss Ratings downgraded shares of FirstEnergy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 19th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.31.

Insider Activity

In related news, CAO Jason Lisowski sold 3,000 shares of FirstEnergy stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $50.84, for a total transaction of $152,520.00. Following the transaction, the chief accounting officer directly owned 7,176 shares of the company’s stock, valued at $364,827.84. This trade represents a 29.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.17% of the company’s stock.

FirstEnergy Company 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.