UniSuper Management Pty Ltd Decreases Stock Holdings in FirstEnergy Corporation $FE

UniSuper Management Pty Ltd reduced its stake in shares of FirstEnergy Corporation (NYSE:FE) by 12.3% in the fourth quarter, HoldingsChannel reports. The firm owned 1,161,479 shares of the utilities provider’s stock after selling 163,412 shares during the period. UniSuper Management Pty Ltd’s holdings in FirstEnergy were worth $51,999,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FE. IFM Investors Pty Ltd lifted its holdings in shares of FirstEnergy by 0.3% during the 4th quarter. IFM Investors Pty Ltd now owns 159,464 shares of the utilities provider’s stock valued at $7,139,000 after purchasing an additional 401 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of FirstEnergy by 89.7% during the 4th quarter. Meeder Asset Management Inc. now owns 6,996 shares of the utilities provider’s stock valued at $313,000 after purchasing an additional 3,308 shares during the last quarter. Meeder Advisory Services Inc. lifted its holdings in shares of FirstEnergy by 25.0% during the 4th quarter. Meeder Advisory Services Inc. now owns 9,617 shares of the utilities provider’s stock valued at $431,000 after purchasing an additional 1,922 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of FirstEnergy by 5.0% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,677 shares of the utilities provider’s stock valued at $209,000 after purchasing an additional 223 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in FirstEnergy by 4.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 139,034 shares of the utilities provider’s stock worth $6,225,000 after acquiring an additional 6,114 shares during the last quarter. 89.41% of the stock is currently owned by hedge funds and other institutional investors.

FirstEnergy Price Performance

Shares of FE opened at $46.73 on Friday. The business’s 50-day moving average is $47.59 and its two-hundred day moving average is $47.51. The company has a market capitalization of $27.03 billion, a P/E ratio of 25.40, a P/E/G ratio of 2.22 and a beta of 0.47. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.42 and a current ratio of 0.52. FirstEnergy Corporation has a fifty-two week low of $39.28 and a fifty-two week high of $52.34.

FirstEnergy (NYSE:FE) last announced its quarterly 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. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $3.80 billion. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the firm earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Research analysts predict that FirstEnergy Corporation will post 2.73 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wolfe Research lowered FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Wells Fargo & Company restated an “overweight” rating and issued a $55.00 target price on shares of FirstEnergy in a research note on Tuesday, April 21st. Scotiabank restated an “outperform” rating on shares of FirstEnergy in a research note on Thursday, February 19th. UBS Group raised their target price on FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, New Street Research set a $52.00 target price on FirstEnergy in a research note on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.