FirstEnergy Corporation $FE Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. reduced its position in FirstEnergy Corporation (NYSE:FE) by 10.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 289,522 shares of the utilities provider’s stock after selling 35,334 shares during the period. Heartland Advisors Inc.’s holdings in FirstEnergy were worth $12,962,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC increased its position in shares of FirstEnergy by 4.1% in the fourth quarter. Parallel Advisors LLC now owns 5,381 shares of the utilities provider’s stock worth $241,000 after acquiring an additional 213 shares in the last quarter. Signaturefd LLC increased its position in shares of FirstEnergy by 4.8% in the fourth quarter. Signaturefd LLC now owns 5,181 shares of the utilities provider’s stock worth $232,000 after acquiring an additional 235 shares in the last quarter. Allworth Financial LP increased its position in shares of FirstEnergy by 3.7% in the fourth quarter. Allworth Financial LP now owns 6,778 shares of the utilities provider’s stock worth $303,000 after acquiring an additional 241 shares in the last quarter. Intrust Bank NA increased its position in shares of FirstEnergy by 2.7% in the fourth quarter. Intrust Bank NA now owns 9,089 shares of the utilities provider’s stock worth $407,000 after acquiring an additional 243 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of FirstEnergy by 3.3% in the fourth quarter. IFP Advisors Inc now owns 7,578 shares of the utilities provider’s stock worth $339,000 after acquiring an additional 244 shares in the last quarter. 89.41% of the stock is owned by hedge funds and other institutional investors.

FirstEnergy Stock Performance

FE stock opened at $46.48 on Thursday. 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 stock has a market cap of $26.88 billion, a P/E ratio of 25.26, a P/E/G ratio of 2.20 and a beta of 0.47. The firm has a 50 day simple moving average of $47.67 and a 200 day simple moving average of $47.52. FirstEnergy Corporation has a 52 week low of $39.28 and a 52 week high of $52.34.

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

Analysts Set New Price Targets

FE has been the subject of several research reports. Mizuho set a $51.00 price target on shares of FirstEnergy in a report on Thursday, February 19th. Jefferies Financial Group raised their price target on shares of FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a report on Tuesday, April 21st. Wells Fargo & Company restated an “overweight” rating and set a $55.00 price target on shares of FirstEnergy in a report on Tuesday, April 21st. JPMorgan Chase & Co. raised their price target on shares of FirstEnergy from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Finally, Barclays raised their price target on shares of FirstEnergy from $50.00 to $53.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $51.69.

About FirstEnergy

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.