SVB Wealth LLC Makes New $4.38 Million Investment in FirstEnergy Corporation $FE

SVB Wealth LLC bought a new stake in FirstEnergy Corporation (NYSE:FE) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 86,490 shares of the utilities provider’s stock, valued at approximately $4,382,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in FE. State of Wyoming acquired a new stake in shares of FirstEnergy during the 2nd quarter worth approximately $25,000. Olistico Wealth LLC acquired a new position in FirstEnergy during the fourth quarter valued at approximately $31,000. DV Equities LLC acquired a new position in FirstEnergy during the fourth quarter valued at approximately $33,000. Quest 10 Wealth Builders Inc. lifted its stake in FirstEnergy by 507.9% during the fourth 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 during the last quarter. Finally, Summit Securities Group LLC lifted its stake in FirstEnergy by 148.0% during the fourth quarter. Summit Securities Group LLC now owns 771 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 2,376 shares during the last quarter. Institutional investors own 89.41% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on FE shares. Barclays lifted their target price on FirstEnergy from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. TD Cowen raised shares of FirstEnergy from a “hold” rating to a “buy” rating and dropped their target price for the stock from $56.00 to $53.00 in a report on Friday, May 15th. Wells Fargo & Company restated an “overweight” rating and issued a $55.00 price target on shares of FirstEnergy in a research note on Tuesday, April 21st. Weiss Ratings lowered shares of FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 17th. Finally, Jefferies Financial Group upped their price objective on shares of FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, FirstEnergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.08.

FirstEnergy Trading Up 0.7%

Shares of FE stock opened at $46.76 on Tuesday. The firm has a market capitalization of $27.05 billion, a P/E ratio of 25.41, a P/E/G ratio of 2.23 and a beta of 0.47. FirstEnergy Corporation has a twelve month low of $39.34 and a twelve month 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 stock’s fifty day simple moving average is $46.97 and its 200 day simple moving average is $47.51.

FirstEnergy (NYSE:FE) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.72. The business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $3.80 billion. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, sell-side analysts predict that FirstEnergy Corporation will post 2.73 EPS for the current fiscal year.

FirstEnergy Profile

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.