Nisa Investment Advisors LLC Buys 16,046 Shares of FirstEnergy Corporation $FE

Nisa Investment Advisors LLC boosted its stake in FirstEnergy Corporation (NYSE:FE) by 49.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,537 shares of the utilities provider’s stock after acquiring an additional 16,046 shares during the period. Nisa Investment Advisors LLC’s holdings in FirstEnergy were worth $1,954,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale boosted its holdings in FirstEnergy by 1.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 84,565 shares of the utilities provider’s stock valued at $3,355,000 after acquiring an additional 1,349 shares during the last quarter. Brighton Jones LLC bought a new position in shares of FirstEnergy during the 4th quarter worth approximately $256,000. Nordea Investment Management AB boosted its holdings in shares of FirstEnergy by 3.7% during the 2nd quarter. Nordea Investment Management AB now owns 26,621 shares of the utilities provider’s stock worth $1,060,000 after buying an additional 956 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of FirstEnergy by 0.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,664,698 shares of the utilities provider’s stock worth $107,707,000 after buying an additional 21,177 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings in shares of FirstEnergy by 29.7% during the 1st quarter. Vontobel Holding Ltd. now owns 7,684 shares of the utilities provider’s stock worth $311,000 after buying an additional 1,760 shares in the last quarter. 89.41% of the stock is currently owned by institutional investors.

FirstEnergy Price Performance

Shares of FE opened at $46.22 on Friday. FirstEnergy Corporation has a 12-month low of $37.58 and a 12-month high of $48.20. The business’s fifty day moving average is $45.03 and its 200 day moving average is $42.81. The company has a quick ratio of 0.51, a current ratio of 0.75 and a debt-to-equity ratio of 1.80. The stock has a market cap of $26.69 billion, a P/E ratio of 20.19, a P/E/G ratio of 2.80 and a beta of 0.52.

FirstEnergy (NYSE:FE) last issued its earnings results on Wednesday, October 22nd. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. FirstEnergy had a return on equity of 11.15% and a net margin of 9.19%.The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $3.94 billion. During the same period last year, the business earned $0.85 EPS. FirstEnergy’s quarterly revenue was up 10.8% compared to the same quarter last year. FirstEnergy has set its FY 2025 guidance at 2.500-2.560 EPS. Sell-side analysts anticipate that FirstEnergy Corporation will post 2.66 earnings per share for the current fiscal year.

FirstEnergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be paid a dividend of $0.445 per share. The ex-dividend date is Friday, November 7th. This represents a $1.78 annualized dividend and a yield of 3.9%. FirstEnergy’s dividend payout ratio (DPR) is 77.73%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Jefferies Financial Group increased their price target on FirstEnergy from $45.00 to $47.00 and gave the stock a “hold” rating in a report on Tuesday, October 21st. Weiss Ratings reissued a “buy (b)” rating on shares of FirstEnergy in a research report on Wednesday, October 8th. KeyCorp cut shares of FirstEnergy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 14th. Wells Fargo & Company raised shares of FirstEnergy to a “strong-buy” rating in a research report on Tuesday. Finally, Barclays raised shares of FirstEnergy from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $43.00 to $49.00 in a research report on Monday, August 25th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, FirstEnergy has an average rating of “Moderate Buy” and an average target price of $49.08.

FirstEnergy Company Profile

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities.