Havemeyer Place LP Takes $557,000 Position in FirstEnergy Corporation $FE

Havemeyer Place LP acquired a new position in FirstEnergy Corporation (NYSE:FE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,443 shares of the utilities provider’s stock, valued at approximately $557,000.

Several other large investors have also added to or reduced their stakes in FE. Eurizon Capital SGR S.p.A. acquired a new stake in FirstEnergy in the 4th quarter valued at $123,018,000. Boston Partners boosted its stake in shares of FirstEnergy by 13.5% during the 3rd quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock worth $841,161,000 after buying an additional 2,185,400 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of FirstEnergy by 11,305.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,974,989 shares of the utilities provider’s stock valued at $81,699,000 after acquiring an additional 1,957,673 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of FirstEnergy by 128.5% in the 3rd quarter. Marshall Wace LLP now owns 3,275,409 shares of the utilities provider’s stock valued at $150,079,000 after acquiring an additional 1,841,946 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of FirstEnergy by 104.3% in the third quarter. Victory Capital Management Inc. now owns 3,528,747 shares of the utilities provider’s stock valued at $161,687,000 after acquiring an additional 1,801,729 shares during the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. New Street Research set a $52.00 target price on FirstEnergy in a report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their price target on FirstEnergy from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Morgan Stanley reiterated an “overweight” rating on shares of FirstEnergy in a research note on Wednesday, February 11th. Wells Fargo & Company reissued an “overweight” rating and issued a $55.00 price objective on shares of FirstEnergy in a report on Tuesday, April 21st. Finally, Jefferies Financial Group raised their target price on shares of FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, April 21st. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $51.69.

FirstEnergy Stock Performance

FE opened at $45.71 on Tuesday. The firm has a market cap of $26.44 billion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 2.22 and a beta of 0.47. FirstEnergy Corporation has a 52-week low of $39.28 and a 52-week high of $52.34. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.42 and a current ratio of 0.52. The business’s fifty day moving average is $47.83 and its 200-day moving average is $47.52.

FirstEnergy (NYSE:FE) last released its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.72. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.80 billion. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.FirstEnergy’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Sell-side analysts expect that FirstEnergy Corporation will post 2.73 EPS for the current fiscal year.

Insider Activity

In other news, Director James F. Oneil sold 7,945 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $50.60, for a total transaction of $402,017.00. Following the sale, the director directly owned 1,869 shares of the company’s stock, valued at approximately $94,571.40. This represents a 80.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.14% of the company’s stock.

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.