Oak Thistle LLC Invests $1.42 Million in FirstEnergy Corporation $FE

Oak Thistle LLC acquired a new position in shares of FirstEnergy Corporation (NYSE:FE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,789 shares of the utilities provider’s stock, valued at approximately $1,423,000.

Several other large investors also recently modified their holdings of the company. State of Wyoming acquired a new stake in FirstEnergy in the second quarter worth $25,000. American National Bank & Trust grew its holdings in FirstEnergy by 380.2% in the third quarter. American National Bank & Trust now owns 581 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 460 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in FirstEnergy in the third quarter worth $27,000. TruNorth Capital Management LLC grew its holdings in FirstEnergy by 187.5% in the third quarter. TruNorth Capital Management LLC now owns 621 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 405 shares during the period. Finally, Olistico Wealth LLC acquired a new stake in FirstEnergy in the fourth quarter worth $31,000. 89.41% of the stock is currently owned by institutional investors and hedge funds.

FirstEnergy Stock Up 0.8%

Shares of NYSE FE opened at $51.38 on Thursday. The stock has a market capitalization of $29.70 billion, a P/E ratio of 29.20, a P/E/G ratio of 2.70 and a beta of 0.60. The company has a 50-day moving average price of $49.74 and a 200-day moving average price of $47.21. FirstEnergy Corporation has a 1 year low of $37.58 and a 1 year high of $52.29. 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 (NYSE:FE) last issued its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.20 billion. FirstEnergy had a net margin of 6.76% and a return on equity of 10.50%. During the same period last year, the company earned $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, equities research analysts forecast that FirstEnergy Corporation will post 2.66 EPS for the current fiscal year.

FirstEnergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 7th will be issued a dividend of $0.465 per share. 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 dividend yield of 3.6%. The ex-dividend date is Thursday, May 7th. FirstEnergy’s dividend payout ratio is 101.14%.

Insider Activity

In related news, CFO Jon Taylor K. sold 26,800 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 119,552 shares of the company’s stock, valued at $6,089,978.88. This trade represents a 18.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jason Lisowski sold 3,000 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $50.84, for a total transaction of $152,520.00. Following the transaction, the chief accounting officer directly owned 7,176 shares in the company, valued at $364,827.84. The trade was a 29.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 39,118 shares of company stock worth $1,989,532 over the last three months. 0.17% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FE has been the subject of a number of research reports. Scotiabank restated an “outperform” rating on shares of FirstEnergy in a report on Thursday, February 19th. UBS Group reduced their price target on shares of FirstEnergy from $49.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Barclays raised their price target on shares of FirstEnergy from $50.00 to $53.00 and gave the stock an “overweight” rating in a report on Wednesday. Mizuho set a $51.00 price target on shares of FirstEnergy in a report on Thursday, February 19th. Finally, Weiss Ratings upgraded shares of FirstEnergy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $50.15.

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.