Frank Rimerman Advisors LLC Makes New $488,000 Investment in FirstEnergy Corporation $FE

Frank Rimerman Advisors LLC bought a new stake in FirstEnergy Corporation (NYSE:FE) in the 4th quarter, Holdings Channel.com reports. The fund bought 10,907 shares of the utilities provider’s stock, valued at approximately $488,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in FE. Capital World Investors lifted its stake in shares of FirstEnergy by 0.4% during the third quarter. Capital World Investors now owns 78,328,151 shares of the utilities provider’s stock valued at $3,588,992,000 after acquiring an additional 305,531 shares during the period. Vanguard Group Inc. increased its position in FirstEnergy by 0.5% in the third quarter. Vanguard Group Inc. now owns 67,348,184 shares of the utilities provider’s stock worth $3,085,894,000 after purchasing an additional 360,098 shares during the period. Boston Partners raised its holdings in FirstEnergy by 13.5% during the 3rd quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock worth $841,161,000 after purchasing an additional 2,185,400 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in FirstEnergy by 2.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,277,257 shares of the utilities provider’s stock valued at $419,889,000 after purchasing an additional 205,618 shares during the period. Finally, Federated Hermes Inc. lifted its position in FirstEnergy by 25.2% during the 3rd quarter. Federated Hermes Inc. now owns 8,627,746 shares of the utilities provider’s stock valued at $395,323,000 after purchasing an additional 1,738,779 shares during the period. Institutional investors own 89.41% of the company’s stock.

Insider Activity

In other news, CFO Jon Taylor K. sold 26,800 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $50.94, for a total value of $1,365,192.00. Following the completion of the transaction, the chief financial officer owned 119,552 shares of the company’s stock, valued at $6,089,978.88. The trade was a 18.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James F. Oneil sold 7,945 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $50.60, for a total transaction of $402,017.00. Following the completion of the sale, the director owned 1,869 shares of the company’s stock, valued at approximately $94,571.40. This represents a 80.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 39,118 shares of company stock valued at $1,989,532 in the last quarter. Company insiders own 0.17% of the company’s stock.

FirstEnergy Stock Performance

Shares of FE stock opened at $51.33 on Friday. The stock has a market cap of $29.66 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 2.68 and a beta of 0.60. The stock has a 50-day moving average of $49.41 and a 200-day moving average of $46.97. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.57 and a quick ratio of 0.46. FirstEnergy Corporation has a one year low of $37.58 and a one year high of $52.29.

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 the consensus estimate of $0.52 by $0.01. The business had revenue of $3.80 billion for 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 quarter last year, the firm earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, sell-side analysts expect that FirstEnergy Corporation will post 2.66 earnings per share for the current year.

FirstEnergy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 7th will be given a dividend of $0.465 per share. This is a positive change from FirstEnergy’s previous quarterly dividend of $0.45. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Thursday, May 7th. FirstEnergy’s payout ratio is 101.14%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FE shares. Wolfe Research upgraded shares of FirstEnergy from a “peer perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research report on Tuesday, January 27th. UBS Group cut their price objective on shares of FirstEnergy from $49.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Barclays reduced their price objective on shares of FirstEnergy from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. Weiss Ratings upgraded shares of FirstEnergy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Finally, Mizuho set a $51.00 price target on FirstEnergy in a research note on Thursday, February 19th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $49.71.

About FirstEnergy

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.