National Pension Service Acquires 31,893 Shares of FirstEnergy Corporation $FE

National Pension Service lifted its holdings in shares of FirstEnergy Corporation (NYSE:FE) by 3.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 892,139 shares of the utilities provider’s stock after buying an additional 31,893 shares during the quarter. National Pension Service’s holdings in FirstEnergy were worth $40,878,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Brighton Jones LLC bought a new stake in shares of FirstEnergy during the 4th quarter valued at $256,000. Integrated Wealth Concepts LLC acquired a new stake in shares of FirstEnergy during the first quarter worth $289,000. Empowered Funds LLC increased its holdings in FirstEnergy by 7.0% in the first quarter. Empowered Funds LLC now owns 11,213 shares of the utilities provider’s stock valued at $453,000 after purchasing an additional 732 shares during the last quarter. Woodline Partners LP lifted its stake in FirstEnergy by 40.7% in the first quarter. Woodline Partners LP now owns 43,334 shares of the utilities provider’s stock valued at $1,752,000 after buying an additional 12,531 shares during the period. Finally, Focus Partners Wealth boosted its holdings in FirstEnergy by 6.8% during the first quarter. Focus Partners Wealth now owns 21,178 shares of the utilities provider’s stock worth $856,000 after buying an additional 1,340 shares during the last quarter. 89.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FE. Scotiabank upped their price target on FirstEnergy from $49.00 to $51.00 and gave the company a “sector outperform” rating in a research note on Friday, October 24th. Citigroup initiated coverage on shares of FirstEnergy in a research note on Tuesday, October 7th. They issued a “buy” rating and a $53.00 target price for the company. Morgan Stanley reiterated an “overweight” rating on shares of FirstEnergy in a report on Wednesday, January 21st. Wells Fargo & Company reduced their price target on shares of FirstEnergy from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Finally, UBS Group lowered their price objective on shares of FirstEnergy from $49.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $48.85.

FirstEnergy Stock Performance

Shares of FE opened at $47.03 on Tuesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.64 and a current ratio of 0.75. FirstEnergy Corporation has a twelve month low of $37.58 and a twelve month high of $48.20. The firm’s 50 day moving average price is $45.64 and its two-hundred day moving average price is $44.98. The firm has a market cap of $27.16 billion, a P/E ratio of 20.54, a PEG ratio of 2.70 and a beta of 0.64.

FirstEnergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 6th will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, February 6th. FirstEnergy’s payout ratio is currently 77.73%.

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.