PNC Financial Services Group Inc. Buys 11,329 Shares of FirstEnergy Corporation $FE

PNC Financial Services Group Inc. boosted its stake in shares of FirstEnergy Corporation (NYSE:FE) by 7.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 154,935 shares of the utilities provider’s stock after purchasing an additional 11,329 shares during the period. PNC Financial Services Group Inc.’s holdings in FirstEnergy were worth $7,849,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Andra AP fonden increased its position in FirstEnergy by 223.1% in the first quarter. Andra AP fonden now owns 232,013 shares of the utilities provider’s stock worth $11,754,000 after buying an additional 160,200 shares in the last quarter. Atlantic Family Wealth LLC lifted its position in shares of FirstEnergy by 18.2% during the 1st quarter. Atlantic Family Wealth LLC now owns 6,668 shares of the utilities provider’s stock valued at $338,000 after buying an additional 1,025 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of FirstEnergy during the 1st quarter valued at approximately $49,000. Convergence Investment Partners LLC purchased a new stake in FirstEnergy in the 1st quarter worth approximately $1,295,000. Finally, Dimensional Fund Advisors LP raised its stake in FirstEnergy by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,627,745 shares of the utilities provider’s stock worth $133,116,000 after acquiring an additional 35,259 shares during the period. Institutional investors own 89.41% of the company’s stock.

Wall Street Analysts Forecast Growth

FE has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of FirstEnergy from $53.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. New Street Research set a $52.00 price objective on shares of FirstEnergy in a research report on Tuesday, April 21st. UBS Group lifted their target price on shares of FirstEnergy from $50.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Wells Fargo & Company reiterated an “overweight” rating and issued a $55.00 price target on shares of FirstEnergy in a research note on Tuesday, April 21st. Finally, Weiss Ratings cut FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 17th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $52.92.

FirstEnergy Trading Down 0.0%

FE stock opened at $49.91 on Monday. FirstEnergy Corporation has a 1-year low of $41.30 and a 1-year high of $52.34. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.52 and a quick ratio of 0.42. The company has a market capitalization of $28.87 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 2.39 and a beta of 0.47. The business has a 50 day simple moving average of $47.21 and a two-hundred day simple moving average of $48.12.

FirstEnergy (NYSE:FE) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.72. The business had revenue of $4.20 billion during the quarter, compared to analyst estimates of $3.80 billion. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The company’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the firm posted $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Research analysts anticipate that FirstEnergy Corporation will post 2.73 EPS for the current fiscal year.

FirstEnergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be paid a dividend of $0.465 per share. This represents a $1.86 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, August 7th. FirstEnergy’s dividend payout ratio (DPR) is presently 101.09%.

Key Headlines Impacting FirstEnergy

Here are the key news stories impacting FirstEnergy this week:

• Positive Sentiment: Wells Fargo initiated/maintained a Buy stance on FirstEnergy, signaling renewed analyst confidence in the utility’s outlook. FirstEnergy (FE) Receives a Buy from Wells Fargo
• Positive Sentiment: KeyCorp raised longer-term earnings estimates for FY2028, FY2029 and FY2030, suggesting expectations for steady earnings growth over time.
• Positive Sentiment: FirstEnergy declared a quarterly dividend of $0.465 per share with a roughly 3.8% annualized yield, reinforcing its appeal to income-focused investors.
• Neutral Sentiment: KeyCorp trimmed its FY2026 EPS estimate slightly to $2.72 from $2.73, but that is still close to the current consensus of $2.74 and does not materially change the near-term outlook.
• Neutral Sentiment: KeyCorp’s near-term quarter estimates imply mixed results, including Q2 EPS of $0.47 and Q3 EPS of $0.98, leaving investors focused on whether upcoming earnings can beat expectations.
• Neutral Sentiment: In a preview of upcoming results, analysts expect Q2 revenue to rise about 6.28% on load growth and grid investment, while EPS may decline modestly, a mixed but not alarming setup ahead of reporting. FirstEnergy to Report Q2 Earnings: What’s in Store for the Stock?

FirstEnergy 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.