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Richard Bernstein Advisors LLC Sells 63,821 Shares of FirstEnergy Corporation $FE
Richard Bernstein Advisors LLC significantly reduced its stake in FirstEnergy Corporation (NYSE:FE) by selling 63,821 shares, representing a 53.7% decrease, and now holds 55,002 shares valued at $2.52 million. Despite this, institutional ownership of FirstEnergy remains high at around 89.41%. FirstEnergy recently increased its quarterly dividend to $0.465, beat earnings estimates, and maintains a “Moderate Buy” consensus rating among analysts with an average price target of $49.31.