Key Points
- FirstEnergy CFO Jon Taylor K. sold 26,800 shares on March 10 at an average price of $50.94 for about $1.365 million, reducing his direct holdings by 18.31% to 119,552 shares (≈$6.09M).
- Dividend increase: the company raised its quarterly dividend from $0.45 to $0.465 (annualized $1.86), implying a 3.6% yield with an ex-dividend date of May 7, while the payout ratio is about 101%.
- FirstEnergy beat Q results with $0.53 EPS vs. $0.52 expected and $3.80B revenue, issued FY2026 EPS guidance of 2.62–2.82 (analysts forecast ~2.66), and holds a consensus "Moderate Buy" average price target near $49.71.
FirstEnergy Corporation (NYSE:FE - Get Free Report) CFO Jon Taylor K. sold 26,800 shares of FirstEnergy 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 represents a 18.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
FirstEnergy Price Performance
NYSE:FE traded up $0.70 on Friday, reaching $51.52. The stock had a trading volume of 2,613,638 shares, compared to its average volume of 4,737,595. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $29.77 billion, a P/E ratio of 29.26, a price-to-earnings-growth ratio of 2.66 and a beta of 0.61. FirstEnergy Corporation has a 1-year low of $37.58 and a 1-year high of $51.75. The stock has a fifty day moving average price of $48.09 and a 200-day moving average price of $46.27.
FirstEnergy (NYSE:FE - Get Free Report) last posted its earnings results 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 company 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 quarter in the previous year, the company posted $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Research analysts forecast that FirstEnergy Corporation will post 2.66 EPS for the current year.
FirstEnergy Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 7th will be given a $0.465 dividend. This represents a $1.86 annualized dividend and a yield of 3.6%. The ex-dividend date is Thursday, May 7th. This is a positive change from FirstEnergy's previous quarterly dividend of $0.45. FirstEnergy's dividend payout ratio is presently 101.14%.
Analysts Set New Price Targets
Several analysts have recently commented on the company. Weiss Ratings cut FirstEnergy from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, February 19th. Scotiabank reiterated an "outperform" rating on shares of FirstEnergy in a research report on Thursday, February 19th. Wolfe Research raised shares of FirstEnergy from a "peer perform" rating to an "outperform" rating and set a $50.00 price objective on the stock in a report on Tuesday, January 27th. 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. Finally, Morgan Stanley reiterated an "overweight" rating on shares of FirstEnergy in a research report on Wednesday, February 11th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $49.71.
View Our Latest Report on FirstEnergy
Institutional Trading of FirstEnergy
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC acquired a new position in shares of FirstEnergy in the 4th quarter valued at approximately $256,000. Integrated Wealth Concepts LLC bought a new stake in shares of FirstEnergy during the first quarter worth $289,000. Empowered Funds LLC raised its holdings in shares of FirstEnergy by 7.0% during the first quarter. Empowered Funds LLC now owns 11,213 shares of the utilities provider's stock worth $453,000 after acquiring an additional 732 shares during the period. Woodline Partners LP lifted its position in FirstEnergy by 40.7% in the 1st quarter. Woodline Partners LP now owns 43,334 shares of the utilities provider's stock valued at $1,752,000 after acquiring an additional 12,531 shares in the last quarter. Finally, Focus Partners Wealth lifted its position in FirstEnergy by 6.8% in the 1st quarter. Focus Partners Wealth now owns 21,178 shares of the utilities provider's stock valued at $856,000 after acquiring an additional 1,340 shares in the last quarter. 89.41% of the stock is owned by institutional investors.
About FirstEnergy
(
Get Free Report)
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.
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