Korea Investment CORP Sells 82,936 Shares of FirstEnergy Corporation $FE

Korea Investment CORP has reduced its stake in FirstEnergy Corporation by 29.6%, selling 82,936 shares and retaining 197,318 shares valued at approximately $9.04 million. FirstEnergy recently increased its quarterly dividend to $0.465 per share, yielding about 3.7%, and reported strong quarterly EPS of $0.53, exceeding consensus estimates. Other institutional investors have also adjusted their positions in FE, and analysts have issued varied ratings and price targets for the stock.