Zurcher Kantonalbank Zurich Cantonalbank Has $10.96 Million Stock Position in FirstEnergy Corporation $FE

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in FirstEnergy Corporation (NYSE:FE) by 77.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 244,799 shares of the utilities provider’s stock after purchasing an additional 106,668 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FirstEnergy were worth $10,960,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. Capital World Investors raised its stake in FirstEnergy by 0.4% in the 3rd quarter. Capital World Investors now owns 78,328,151 shares of the utilities provider’s stock valued at $3,588,992,000 after acquiring an additional 305,531 shares during the period. Vanguard Group Inc. raised its stake in FirstEnergy by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 67,348,184 shares of the utilities provider’s stock valued at $3,085,894,000 after acquiring an additional 360,098 shares during the period. Boston Partners raised its stake in FirstEnergy by 13.5% in the 3rd quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock valued at $841,161,000 after acquiring an additional 2,185,400 shares during the period. Allspring Global Investments Holdings LLC raised its stake in FirstEnergy by 2.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,277,257 shares of the utilities provider’s stock valued at $419,889,000 after acquiring an additional 205,618 shares during the period. Finally, Federated Hermes Inc. raised its stake in FirstEnergy by 25.2% in the 3rd quarter. Federated Hermes Inc. now owns 8,627,746 shares of the utilities provider’s stock valued at $395,323,000 after acquiring an additional 1,738,779 shares during the period. Institutional investors own 89.41% of the company’s stock.

Analyst Upgrades and Downgrades

FE has been the topic of a number of research analyst reports. Weiss Ratings upgraded FirstEnergy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. New Street Research set a $52.00 price target on shares of FirstEnergy in a research note on Tuesday. Barclays upped their price target on shares of FirstEnergy from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Wells Fargo & Company reiterated an “overweight” rating and issued a $55.00 price target on shares of FirstEnergy in a research note on Tuesday. Finally, TD Cowen initiated coverage on shares of FirstEnergy in a research note on Thursday, April 16th. They issued a “hold” rating and a $56.00 price target on the stock. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $51.57.

FirstEnergy Price Performance

Shares of FirstEnergy stock opened at $49.60 on Friday. The company has a 50-day simple moving average of $50.39 and a two-hundred day simple moving average of $47.60. FirstEnergy Corporation has a twelve month low of $39.28 and a twelve month high of $52.34. 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 stock has a market capitalization of $28.69 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 2.32 and a beta of 0.60.

FirstEnergy (NYSE:FE) last posted its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. FirstEnergy had a return on equity of 10.50% and a net margin of 6.76%.The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the company earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Analysts forecast that FirstEnergy Corporation will post 2.73 EPS for the current year.

FirstEnergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 7th will be paid a dividend of $0.465 per share. This is a boost from FirstEnergy’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, May 7th. This represents a $1.86 dividend on an annualized basis and a yield of 3.7%. FirstEnergy’s dividend payout ratio is 101.14%.

Insiders Place Their Bets

In other FirstEnergy news, CFO Jon Taylor K. sold 26,800 shares of the 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 sale, the chief financial officer directly owned 119,552 shares in the company, valued at $6,089,978.88. This represents a 18.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Jason Lisowski sold 3,000 shares of the 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 sale, the chief accounting officer 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. 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. Company insiders own 0.14% of the company’s stock.

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.