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FirstEnergy Corp. faces shareholder shifts and misses earnings and revenue targets.
FirstEnergy Corp. saw a significant drop in share ownership, with Prudential Financial Inc. reducing its holdings by 13.7%.
The company's recent quarter showed earnings per share of $0.67, missing estimates by $0.03, with revenue at $3.20 billion, below expected $3.53 billion.
FirstEnergy, with a market cap of $23.10 billion and a dividend yield of 4.44%, also saw new investment from Virtu Financial LLC, which bought $260,000 worth of shares.
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FirstEnergy Corp. se enfrenta a los cambios de accionistas y pierde los objetivos de ingresos y ganancias.