LFG Wealth Partners LLC Buys New Holdings in FirstEnergy Corporation $FE

LFG Wealth Partners LLC bought a new stake in FirstEnergy Corporation (NYSE:FE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,808 shares of the utilities provider’s stock, valued at approximately $708,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its position in 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 buying an additional 1,957,673 shares in the last quarter. Heartland Advisors Inc. boosted its stake in FirstEnergy by 29.0% during the 3rd quarter. Heartland Advisors Inc. now owns 324,856 shares of the utilities provider’s stock valued at $14,885,000 after purchasing an additional 72,964 shares during the last quarter. Harvest Portfolios Group Inc. boosted its stake in FirstEnergy by 15.3% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 208,941 shares of the utilities provider’s stock valued at $9,574,000 after purchasing an additional 27,655 shares during the last quarter. Brighton Jones LLC bought a new stake in FirstEnergy during the 4th quarter worth approximately $256,000. Finally, Intech Investment Management LLC raised its stake in shares of FirstEnergy by 42.8% in the fourth quarter. Intech Investment Management LLC now owns 85,247 shares of the utilities provider’s stock worth $3,817,000 after purchasing an additional 25,571 shares during the last quarter. 89.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on FE shares. TD Cowen raised FirstEnergy from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $56.00 to $53.00 in a research note on Friday, May 15th. Barclays increased their price objective on FirstEnergy from $50.00 to $53.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Jefferies Financial Group increased their price objective on FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. increased their price objective on FirstEnergy from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Finally, New Street Research set a $52.00 price objective 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, FirstEnergy currently has a consensus rating of “Moderate Buy” and an average price target of $52.08.

FirstEnergy Price Performance

Shares of NYSE FE opened at $47.29 on Tuesday. FirstEnergy Corporation has a twelve month low of $39.28 and a twelve month high of $52.34. The stock’s 50 day moving average price is $47.43 and its 200-day moving average price is $47.51. The company has a market capitalization of $27.35 billion, a PE ratio of 25.70, a PEG ratio of 2.25 and a beta of 0.47. 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 (NYSE:FE) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The firm had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the previous year, the business earned $0.67 EPS. The company’s 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, equities analysts anticipate that FirstEnergy Corporation will post 2.73 EPS for the current year.

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.