Harvest Portfolios Group Inc. Increases Stake in FirstEnergy Corporation $FE

Harvest Portfolios Group Inc. raised its holdings in FirstEnergy Corporation (NYSE:FE) by 15.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 208,941 shares of the utilities provider’s stock after buying an additional 27,655 shares during the period. Harvest Portfolios Group Inc.’s holdings in FirstEnergy were worth $9,574,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of FE. Argent Trust Co boosted its holdings in FirstEnergy by 3.3% in the third quarter. Argent Trust Co now owns 14,331 shares of the utilities provider’s stock valued at $657,000 after purchasing an additional 455 shares during the period. TIAA Trust National Association acquired a new stake in FirstEnergy in the 3rd quarter valued at about $209,000. Integrated Advisors Network LLC purchased a new position in shares of FirstEnergy in the 3rd quarter valued at about $256,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of FirstEnergy by 1.6% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,054,989 shares of the utilities provider’s stock worth $48,340,000 after buying an additional 16,700 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in shares of FirstEnergy by 16.7% during the third quarter. Intech Investment Management LLC now owns 59,676 shares of the utilities provider’s stock worth $2,734,000 after buying an additional 8,555 shares in the last quarter. Hedge funds and other institutional investors own 89.41% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on FE. Wells Fargo & Company reduced their target price on shares of FirstEnergy from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Scotiabank restated an “outperform” rating on shares of FirstEnergy in a report on Thursday, February 19th. Barclays decreased their price objective on shares of FirstEnergy from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Mizuho set a $51.00 target price on FirstEnergy in a report on Thursday, February 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of FirstEnergy in a report on Wednesday, February 11th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $49.31.

FirstEnergy Price Performance

Shares of FE opened at $51.15 on Friday. 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 1-year low of $37.58 and a 1-year high of $51.34. The stock has a market cap of $29.56 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 2.88 and a beta of 0.64. The firm has a fifty day moving average price of $47.02 and a 200 day moving average price of $45.82.

FirstEnergy (NYSE:FE) last posted its earnings results on Tuesday, February 17th. The utilities provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the firm earned $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, sell-side analysts anticipate that FirstEnergy Corporation will post 2.66 EPS for the current year.

FirstEnergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 7th will be paid a $0.465 dividend. This is an increase from FirstEnergy’s previous quarterly dividend of $0.45. This represents a $1.86 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Thursday, May 7th. FirstEnergy’s dividend payout ratio (DPR) is presently 101.14%.

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.