Frank Rimerman Advisors LLC Takes Position in FirstEnergy Corporation $FE

Frank Rimerman Advisors LLC bought a new stake in shares of FirstEnergy Corporation (NYSE:FE) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 10,907 shares of the utilities provider’s stock, valued at approximately $488,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American National Bank & Trust raised its position 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 in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in FirstEnergy during the third quarter valued at approximately $27,000. TruNorth Capital Management LLC boosted its holdings in FirstEnergy by 187.5% during the third quarter. TruNorth Capital Management LLC now owns 621 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 405 shares in the last quarter. State of Wyoming bought a new stake in shares of FirstEnergy in the 2nd quarter valued at approximately $25,000. Finally, Olistico Wealth LLC bought a new stake in shares of FirstEnergy in the 4th quarter valued at approximately $31,000. Institutional investors own 89.41% of the company’s stock.

FirstEnergy Stock Up 0.7%

NYSE FE opened at $51.33 on Friday. The firm has a market cap of $29.66 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 2.68 and a beta of 0.60. FirstEnergy Corporation has a one year low of $37.58 and a one year high of $52.29. The stock’s 50 day simple moving average is $49.41 and its 200 day simple moving average is $46.97. 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 the consensus estimate of $0.52 by $0.01. The firm had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.20 billion. FirstEnergy had a return on equity of 10.50% and a net margin of 6.76%.During the same quarter in the previous year, the company posted $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, sell-side analysts forecast that FirstEnergy Corporation will post 2.66 earnings per share for the current fiscal year.

FirstEnergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 7th will be issued a $0.465 dividend. This is a positive change 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 of this dividend is Thursday, May 7th. FirstEnergy’s dividend payout ratio (DPR) is presently 101.14%.

Insider Buying and Selling

In other FirstEnergy news, Director James F. Oneil sold 7,945 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $50.60, for a total value of $402,017.00. Following the completion of the sale, the director owned 1,869 shares in the company, valued at approximately $94,571.40. This trade represents a 80.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Jason Lisowski sold 3,000 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $50.84, for a total transaction of $152,520.00. Following the completion of the transaction, the chief accounting officer directly owned 7,176 shares of the company’s stock, valued at approximately $364,827.84. This represents a 29.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 39,118 shares of company stock worth $1,989,532 in the last 90 days. Corporate insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FE shares. Wells Fargo & Company cut their target price on FirstEnergy from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Barclays lowered their price target on FirstEnergy from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. Scotiabank reissued an “outperform” rating on shares of FirstEnergy in a report on Thursday, February 19th. Weiss Ratings upgraded shares of FirstEnergy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Finally, JPMorgan Chase & Co. upped their target price on shares of FirstEnergy from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.71.

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.