FirstEnergy Corporation $FE Holdings Reduced by Heartland Advisors Inc.

Heartland Advisors Inc. lowered its position in FirstEnergy Corporation (NYSE:FE) by 9.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 262,586 shares of the utilities provider’s stock after selling 26,936 shares during the quarter. Heartland Advisors Inc.’s holdings in FirstEnergy were worth $13,303,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FE. Parallel Advisors LLC boosted its position in shares of FirstEnergy by 4.1% during the fourth quarter. Parallel Advisors LLC now owns 5,381 shares of the utilities provider’s stock worth $241,000 after buying an additional 213 shares during the period. Simplicity Wealth LLC increased its position in FirstEnergy by 3.4% in the 1st quarter. Simplicity Wealth LLC now owns 6,839 shares of the utilities provider’s stock valued at $346,000 after acquiring an additional 223 shares during the period. Dorsey & Whitney Trust CO LLC raised its stake in 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 acquiring an additional 223 shares in the last quarter. Pinnacle Bancorp Inc. boosted its position in FirstEnergy by 44.4% during the 1st quarter. Pinnacle Bancorp Inc. now owns 754 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 232 shares during the period. Finally, Signaturefd LLC boosted its position in FirstEnergy by 4.8% during the 4th quarter. Signaturefd LLC now owns 5,181 shares of the utilities provider’s stock worth $232,000 after acquiring an additional 235 shares during the period. Institutional investors own 89.41% of the company’s stock.

FirstEnergy Trading Down 1.2%

Shares of NYSE:FE opened at $48.53 on Friday. The stock has a market capitalization of $28.07 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 2.32 and a beta of 0.47. FirstEnergy Corporation has a 1-year low of $40.50 and a 1-year high of $52.34. 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 company has a 50 day moving average price of $46.74 and a 200 day moving average price of $47.96.

FirstEnergy (NYSE:FE) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.72. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.80 billion. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, research analysts anticipate that FirstEnergy Corporation will post 2.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on FE shares. Barclays raised their price target on FirstEnergy from $50.00 to $53.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Wolfe Research downgraded shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Jefferies Financial Group increased their target price on shares of FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, April 21st. Weiss Ratings cut shares of FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 17th. Finally, Morgan Stanley restated an “overweight” rating and set a $52.00 price target on shares of FirstEnergy in a research report on Wednesday, June 24th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $52.75.

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.