142,477 Shares in FirstEnergy Corporation $FE Purchased by Entropy Technologies LP

Entropy Technologies LP purchased a new position in shares of FirstEnergy Corporation (NYSE:FE) during the fourth quarter, HoldingsChannel reports. The fund purchased 142,477 shares of the utilities provider’s stock, valued at approximately $6,379,000.

A number of other hedge funds have also bought and sold shares of FE. Eurizon Capital SGR S.p.A. bought a new position in FirstEnergy during the fourth quarter worth about $123,018,000. BROOKFIELD Corp ON bought a new position in FirstEnergy during the fourth quarter worth about $110,332,000. Boston Partners increased its position in FirstEnergy by 13.5% during the third quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock worth $841,161,000 after acquiring an additional 2,185,400 shares during the period. Victory Capital Management Inc. increased its position in FirstEnergy by 56.0% during the fourth quarter. Victory Capital Management Inc. now owns 5,506,251 shares of the utilities provider’s stock worth $246,515,000 after acquiring an additional 1,977,504 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in FirstEnergy by 11,305.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,974,989 shares of the utilities provider’s stock worth $81,699,000 after acquiring an additional 1,957,673 shares during the period. 89.41% of the stock is owned by institutional investors.

FirstEnergy Price Performance

FE stock opened at $46.97 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 1.87. FirstEnergy Corporation has a 12 month low of $39.28 and a 12 month high of $52.34. The firm has a market cap of $27.17 billion, a P/E ratio of 25.53, a P/E/G ratio of 2.25 and a beta of 0.47. The company’s 50-day moving average price is $47.51 and its two-hundred day moving average price is $47.51.

FirstEnergy (NYSE:FE) last released its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 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 firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same period last year, the firm earned $0.67 EPS. The business’s quarterly revenue 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, analysts anticipate that FirstEnergy Corporation will post 2.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Wolfe Research downgraded FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Jefferies Financial Group raised their price target on FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, April 21st. UBS Group raised their price target on FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday. TD Cowen upgraded FirstEnergy from a “hold” rating to a “buy” rating and decreased their price target for the stock from $56.00 to $53.00 in a research report on Friday, May 15th. Finally, Mizuho set a $51.00 target price on shares of FirstEnergy in a report on Thursday, February 19th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, FirstEnergy has a consensus rating of “Moderate Buy” and a consensus target price of $52.08.

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.