Intech Investment Management LLC Boosts Holdings in FirstEnergy Corporation $FE

Intech Investment Management LLC boosted its position in FirstEnergy Corporation (NYSE:FE) by 42.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 85,247 shares of the utilities provider’s stock after buying an additional 25,571 shares during the period. Intech Investment Management LLC’s holdings in FirstEnergy were worth $3,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FE. State of Wyoming purchased a new stake in shares of FirstEnergy during the 2nd quarter worth $25,000. Olistico Wealth LLC purchased a new stake in shares of FirstEnergy during the 4th quarter worth $31,000. Quest 10 Wealth Builders Inc. boosted its position in shares of FirstEnergy by 507.9% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 640 shares in the last quarter. Networth Advisors LLC purchased a new stake in shares of FirstEnergy during the 4th quarter worth $40,000. Finally, WFA of San Diego LLC purchased a new stake in shares of FirstEnergy during the 2nd quarter worth $46,000. 89.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on FE. JPMorgan Chase & Co. boosted their target price on shares of FirstEnergy from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Barclays boosted their target price on shares of FirstEnergy from $50.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Wells Fargo & Company restated an “overweight” rating and set a $55.00 target price on shares of FirstEnergy in a research report on Tuesday, April 21st. Wolfe Research lowered shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Weiss Ratings lowered shares of FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, FirstEnergy presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.69.

FirstEnergy Price Performance

FirstEnergy stock opened at $45.43 on Tuesday. FirstEnergy Corporation has a 52 week low of $39.28 and a 52 week high of $52.34. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 1.87. The firm’s 50-day simple moving average is $48.18 and its 200 day simple moving average is $47.54. The firm has a market capitalization of $26.28 billion, a PE ratio of 24.69, a P/E/G ratio of 2.22 and a beta of 0.47.

FirstEnergy (NYSE:FE) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same period in the previous year, the firm earned $0.67 EPS. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, equities research analysts predict that FirstEnergy Corporation will post 2.73 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director James F. Oneil sold 7,945 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $50.60, for a total value of $402,017.00. Following the sale, the director directly owned 1,869 shares in the company, valued at $94,571.40. The trade was a 80.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jon Taylor K. sold 26,800 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $50.94, for a total transaction of $1,365,192.00. Following the completion of the sale, the chief financial officer owned 119,552 shares in the company, valued at $6,089,978.88. This represents a 18.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 39,118 shares of company stock worth $1,989,532 in the last three months. Corporate insiders own 0.14% of the company’s stock.

About FirstEnergy

FirstEnergy Corp. (NYSE: FE) 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.

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.