Illinois Municipal Retirement Fund Purchases 77,555 Shares of FirstEnergy Corporation $FE

Illinois Municipal Retirement Fund lifted its position in shares of FirstEnergy Corporation (NYSE:FE) by 36.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 290,036 shares of the utilities provider’s stock after buying an additional 77,555 shares during the period. Illinois Municipal Retirement Fund’s holdings in FirstEnergy were worth $14,693,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Sanctuary Advisors LLC grew its position in FirstEnergy by 8.8% during the first quarter. Sanctuary Advisors LLC now owns 47,141 shares of the utilities provider’s stock valued at $2,388,000 after acquiring an additional 3,800 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in shares of FirstEnergy by 22.9% during the first quarter. Checchi Capital Advisers LLC now owns 7,034 shares of the utilities provider’s stock worth $356,000 after acquiring an additional 1,312 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of FirstEnergy by 13.6% in the 1st quarter. Bleakley Financial Group LLC now owns 29,415 shares of the utilities provider’s stock worth $1,490,000 after acquiring an additional 3,530 shares during the last quarter. Bedel Financial Consulting Inc. lifted its holdings in shares of FirstEnergy by 7.1% in the 1st quarter. Bedel Financial Consulting Inc. now owns 9,009 shares of the utilities provider’s stock worth $456,000 after acquiring an additional 596 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of FirstEnergy by 9.4% in the 1st quarter. Chicago Partners Investment Group LLC now owns 11,195 shares of the utilities provider’s stock valued at $542,000 after purchasing an additional 958 shares in the last quarter. Institutional investors own 89.41% of the company’s stock.

FirstEnergy Trading Up 0.9%

NYSE:FE opened at $49.10 on Friday. The company has a 50-day moving average price of $46.65 and a 200-day moving average price of $47.95. FirstEnergy Corporation has a 12 month low of $40.17 and a 12 month high of $52.34. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 1.87. The stock has a market cap of $28.40 billion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 2.33 and a beta of 0.47.

FirstEnergy (NYSE:FE) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.72. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The company had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the previous year, the company earned $0.67 earnings per share. FirstEnergy’s quarterly revenue was up 11.6% on a year-over-year basis. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Equities analysts predict that FirstEnergy Corporation will post 2.74 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Barclays increased their target price on shares of FirstEnergy from $50.00 to $53.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Morgan Stanley reissued an “overweight” rating and issued a $52.00 price target on shares of FirstEnergy in a research note on Wednesday, June 24th. Wells Fargo & Company restated an “overweight” rating and set a $55.00 price target on shares of FirstEnergy in a research report on Tuesday, April 21st. Weiss Ratings cut FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 17th. Finally, Wolfe Research downgraded FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Seven investment 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 has a consensus rating of “Moderate Buy” and a consensus target price of $52.75.

FirstEnergy Company 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.