FirstEnergy Corp. saw increased investor stakes despite missing earnings expectations, maintaining a "Hold" rating.

FirstEnergy Corp. saw institutional investors increase their stakes, with True Wealth Design and others buying shares. The utility firm reported Q3 revenue up 6.9% to $3.73 billion but missed earnings expectations. FirstEnergy pays a $1.70 annualized dividend and recently raised its quarterly dividend to $0.425. Analysts have mixed views, giving it a "Hold" rating with a consensus price target of $45.91.

3 months ago
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