Eurizon Capital SGR S.p.A. Acquires Shares of 2,746,157 FirstEnergy Corporation $FE

Eurizon Capital SGR S.p.A. bought a new stake in FirstEnergy Corporation (NYSE:FE) in the fourth quarter, HoldingsChannel.com reports. The fund bought 2,746,157 shares of the utilities provider’s stock, valued at approximately $123,018,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State of Wyoming purchased a new position in shares of FirstEnergy in the second quarter valued at $25,000. Olistico Wealth LLC purchased a new position in shares of FirstEnergy in the fourth quarter valued at $31,000. Quest 10 Wealth Builders Inc. grew its holdings in shares of FirstEnergy by 507.9% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 640 shares in the last quarter. Networth Advisors LLC purchased a new position in shares of FirstEnergy in the fourth quarter valued at $40,000. Finally, WFA of San Diego LLC purchased a new position in shares of FirstEnergy in the second quarter valued at $46,000. 89.41% of the stock is owned by hedge funds and other institutional investors.

FirstEnergy Stock Up 0.4%

NYSE:FE opened at $46.39 on Friday. FirstEnergy Corporation has a twelve month low of $39.28 and a twelve month high of $52.34. The company has a market cap of $26.84 billion, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 2.21 and a beta of 0.48. The stock has a fifty day simple moving average of $48.26 and a 200-day simple moving average of $47.53. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 1.87.

FirstEnergy (NYSE:FE) last released its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, hitting the consensus estimate of $0.72. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The business had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same period last year, the company earned $0.67 earnings per share. 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. Analysts anticipate that FirstEnergy Corporation will post 2.73 EPS for the current year.

Analyst Ratings Changes

FE has been the subject of a number of analyst reports. Wells Fargo & Company restated an “overweight” rating and issued a $55.00 price target on shares of FirstEnergy in a research report on Tuesday, April 21st. Wolfe Research downgraded FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Weiss Ratings downgraded FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Morgan Stanley restated an “overweight” rating on shares of FirstEnergy in a research report on Wednesday, February 11th. Finally, Scotiabank restated an “outperform” rating on shares of FirstEnergy in a research report on Thursday, February 19th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $51.69.

Insider Transactions at FirstEnergy

In other news, Director James F. Oneil sold 7,945 shares of FirstEnergy 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 completion of the sale, the director directly owned 1,869 shares in the company, valued at approximately $94,571.40. This trade represents a 80.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jason Lisowski sold 1,373 shares of FirstEnergy stock in a transaction on Friday, March 6th. The stock was sold at an average price of $50.84, for a total value of $69,803.32. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 39,118 shares of company stock worth $1,989,532. 0.14% of the stock is currently owned by insiders.

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.