Apollon Wealth Management LLC Invests $211,000 in FirstEnergy Corporation $FE

Apollon Wealth Management LLC acquired a new position in shares of FirstEnergy Corporation (NYSE:FE) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,253 shares of the utilities provider’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of FirstEnergy by 14.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 71,333 shares of the utilities provider’s stock worth $2,883,000 after purchasing an additional 8,879 shares during the period. Johnson Investment Counsel Inc. grew its stake in shares of FirstEnergy by 3.8% during the 1st quarter. Johnson Investment Counsel Inc. now owns 9,983 shares of the utilities provider’s stock worth $403,000 after purchasing an additional 366 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of FirstEnergy by 9.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 17,759 shares of the utilities provider’s stock worth $718,000 after purchasing an additional 1,464 shares during the period. Brighton Jones LLC acquired a new stake in shares of FirstEnergy during the 4th quarter worth approximately $256,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake 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 purchasing an additional 21,177 shares during the period. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Trading Up 0.4%

Shares of FE stock opened at $47.00 on Monday. The stock’s fifty day moving average is $44.46 and its two-hundred day moving average is $42.37. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.51 and a current ratio of 0.61. The firm has a market capitalization of $27.14 billion, a P/E ratio of 20.80, a PEG ratio of 3.18 and a beta of 0.52. FirstEnergy Corporation has a fifty-two week low of $37.58 and a fifty-two week high of $47.99.

FirstEnergy (NYSE:FE) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.45 billion. FirstEnergy had a return on equity of 11.31% and a net margin of 9.31%.During the same quarter last year, the firm posted $0.56 EPS. FirstEnergy has set its FY 2025 guidance at 2.400-2.600 EPS. Research analysts expect that FirstEnergy Corporation will post 2.66 earnings per share for the current fiscal year.

FirstEnergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be issued a $0.445 dividend. The ex-dividend date is Friday, November 7th. This represents a $1.78 dividend on an annualized basis and a yield of 3.8%. FirstEnergy’s dividend payout ratio (DPR) is presently 78.76%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on FE shares. UBS Group set a $44.00 target price on FirstEnergy and gave the company a “neutral” rating in a research report on Tuesday, June 24th. Citigroup started coverage on FirstEnergy in a research report on Tuesday, October 7th. They set a “buy” rating and a $53.00 target price on the stock. KeyCorp lowered FirstEnergy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of FirstEnergy in a research report on Wednesday, October 8th. Finally, Morgan Stanley decreased their target price on FirstEnergy from $48.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $46.91.

FirstEnergy 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.