<div id="readability-page-1"><p>Pacer Advisors Inc. decreased its holdings in  FirstEnergy Corporation (NYSE:FE - Free Report) by 34.0% in the 3rd quarter, according to its most recent filing with the Securities &amp; Exchange Commission. The institutional investor  owned 48,966 shares of the utilities provider's stock after selling 25,192 shares during the quarter. Pacer Advisors Inc.'s holdings in FirstEnergy were worth $2,244,000 at the end of the most recent reporting period.</p><ul><li>Powering Profits: Utility Stocks That Shine in Volatility</li></ul><p>A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Federated Hermes Inc. boosted its stake in shares of  FirstEnergy by 198.1% in the second quarter. Federated Hermes Inc. now owns 6,888,967 shares of the utilities provider's stock valued at $277,350,000 after buying an additional 4,578,375 shares during the period.  Vanguard Group Inc. raised its holdings in  FirstEnergy by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 66,988,086 shares of the utilities provider's stock valued at $2,696,940,000 after acquiring an additional 837,872 shares in the last quarter.  Envestnet Asset Management Inc. raised its holdings in  FirstEnergy by 82.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,326,830 shares of the utilities provider's stock valued at $53,418,000 after acquiring an additional 598,732 shares in the last quarter.  Raymond James Financial Inc. lifted its position in shares of  FirstEnergy by 47.7% during the 2nd quarter. Raymond James Financial Inc. now owns 1,779,517 shares of the utilities provider's stock valued at $71,643,000 after acquiring an additional 574,396 shares during the period.  Finally, Legal &amp; General Group Plc grew its holdings in shares of  FirstEnergy by 8.6% during the 2nd quarter. Legal &amp; General Group Plc now owns 4,715,098 shares of the utilities provider's stock worth $189,830,000 after purchasing an additional 374,053 shares in the last quarter. Institutional investors and hedge funds own  89.41% of the company's stock. </p><h2>FirstEnergy Stock Performance</h2><p>NYSE FE opened at $44.98 on Wednesday. The firm's fifty day moving average price is $45.72 and its two-hundred day moving average price is $43.96. The stock has a market cap of $25.98 billion, a PE ratio of 19.64, a PEG ratio of 2.74 and a beta of 0.66. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.64 and a current ratio of 0.75. FirstEnergy Corporation has a fifty-two week low of $37.58 and a fifty-two week high of $48.20. </p><ul><li>Are defensive sectors ready to outshine growth in 2024?</li></ul><p>FirstEnergy (NYSE:FE - Get Free Report) last released its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.07. FirstEnergy had a return on equity of 11.15% and a net margin of 9.19%.The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter last year, the business posted $0.85 EPS. FirstEnergy's revenue for the quarter was up 10.8% on a year-over-year basis.  On average, equities analysts expect that  FirstEnergy Corporation will post 2.66 EPS for the current fiscal year. </p><h2>FirstEnergy Announces Dividend</h2><p>The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 6th will be paid a $0.445 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $1.78 annualized dividend and a dividend yield of 4.0%. FirstEnergy's dividend payout ratio  is currently 77.73%. </p><h2>Analyst Ratings Changes</h2><p>FE has been the subject of a number of analyst reports. Wells Fargo &amp; Company raised FirstEnergy to a &#34;strong-buy&#34; rating in a research note on Tuesday, October 28th. KeyCorp cut shares of FirstEnergy from an &#34;overweight&#34; rating to a &#34;sector weight&#34; rating in a research report on Tuesday, October 14th. Citigroup assumed coverage on shares of FirstEnergy in a report on Tuesday, October 7th. They set a &#34;buy&#34; rating and a $53.00 price target for the company. UBS Group decreased their price objective on shares of FirstEnergy from $49.00 to $46.00 and set a &#34;neutral&#34; rating on the stock in a research note on Wednesday, December 17th. Finally, Scotiabank boosted their price objective on shares of FirstEnergy from $49.00 to $51.00 and gave the company a &#34;sector outperform&#34; rating in a research report on Friday, October 24th. One research analyst  has rated the stock with a Strong Buy rating, seven have issued  a Buy rating and six have issued  a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $48.75.</p><p><b>Read Our Latest Research Report on FE</b></p><h2>FirstEnergy Company Profile</h2> (Free Report)<p>FirstEnergy Corp. <span>NYSE: FE<span></span></span> 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.  </p><p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than FirstEnergy</li><li>Do not delete, read immediately</li><li>The Crash Has Already Started (Most Just Don’t See It Yet)</li><li>ALERT: Drop these 5 stocks before January 2026!</li><li>[No Brainer Gold Play]: “Show me a better investment.”</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUZF?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUZF"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in FirstEnergy Right Now?</h2><p>Before you consider FirstEnergy, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FirstEnergy wasn't on the list.</p><p>While FirstEnergy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Pacer Advisors Inc. reduced its stake in FirstEnergy Corporation (NYSE:FE) by 34% in Q3, selling 25,192 shares, leaving it with 48,966 shares valued at $2.24 million. Other institutional investors, including Federated Hermes and Vanguard Group, have increased their holdings. FirstEnergy reported Q3 earnings of $0.83 per share, exceeding estimates, with revenue of $4.15 billion. The company announced a quarterly dividend of $0.445, payable on March 1. Analyst ratings vary, with a consensus rating of "Moderate Buy."</p>

Pacer Advisors Inc. Sells 25,192 Shares of FirstEnergy Corporation $FE