Legal & General Group Plc Has $207.12 Million Position in FirstEnergy Corporation $FE

Legal & General Group Plc cut its position in FirstEnergy Corporation (NYSE:FE) by 4.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,520,183 shares of the utilities provider’s stock after selling 194,915 shares during the quarter. Legal & General Group Plc’s holdings in FirstEnergy were worth $207,115,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Wyoming bought a new position in FirstEnergy during the 2nd quarter worth $25,000. American National Bank & Trust grew its stake in shares of FirstEnergy by 380.2% in the third quarter. American National Bank & Trust now owns 581 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 460 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of FirstEnergy in the third quarter valued at about $27,000. TruNorth Capital Management LLC increased its position in FirstEnergy by 187.5% during the third quarter. TruNorth Capital Management LLC now owns 621 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 405 shares during the period. Finally, Caldwell Trust Co bought a new position in FirstEnergy during the second quarter worth about $35,000. 89.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on FE shares. Mizuho set a $51.00 price objective on shares of FirstEnergy in a report on Thursday, February 19th. Barclays lowered their target price on shares of FirstEnergy from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Scotiabank reiterated an “outperform” rating on shares of FirstEnergy in a research report on Thursday, February 19th. Morgan Stanley reiterated an “overweight” rating on shares of FirstEnergy in a research note on Wednesday, February 11th. Finally, JPMorgan Chase & Co. increased their price target on FirstEnergy from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $49.71.

FirstEnergy Price Performance

FirstEnergy stock opened at $50.85 on Friday. 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 $51.44. The stock has a market capitalization of $29.39 billion, a P/E ratio of 28.89, a price-to-earnings-growth ratio of 2.66 and a beta of 0.61. The stock has a fifty day moving average of $48.09 and a 200-day moving average of $46.27.

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, beating the consensus estimate of $0.52 by $0.01. FirstEnergy had a return on equity of 10.50% and a net margin of 6.76%.The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the firm posted $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, sell-side analysts expect that FirstEnergy Corporation will post 2.66 earnings per share for the current fiscal year.

FirstEnergy Increases Dividend

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

Insider Buying and Selling

In related news, CAO Jason Lisowski sold 1,373 shares of the company’s 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 $69,803.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jon Taylor K. sold 26,800 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $50.94, for a total transaction of $1,365,192.00. Following the completion of the transaction, the chief financial officer directly 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 31,173 shares of company stock worth $1,587,515. 0.17% of the stock is currently owned by corporate 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.