CIBC Asset Management Inc Buys 50,473 Shares of FirstEnergy Corporation $FE

CIBC Asset Management Inc boosted its stake in shares of FirstEnergy Corporation (NYSE:FE) by 36.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 188,586 shares of the utilities provider’s stock after acquiring an additional 50,473 shares during the quarter. CIBC Asset Management Inc’s holdings in FirstEnergy were worth $8,443,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Capital Innovations LLC bought a new stake in FirstEnergy during the 4th quarter worth about $1,877,000. Dynasty Wealth Management LLC grew its holdings in FirstEnergy by 14.0% during the 4th quarter. Dynasty Wealth Management LLC now owns 54,614 shares of the utilities provider’s stock worth $2,445,000 after acquiring an additional 6,707 shares during the last quarter. BW Gestao de Investimentos Ltda. bought a new stake in FirstEnergy during the 4th quarter worth about $15,172,000. New Mexico Educational Retirement Board grew its holdings in FirstEnergy by 3.0% during the 4th quarter. New Mexico Educational Retirement Board now owns 23,940 shares of the utilities provider’s stock worth $1,072,000 after acquiring an additional 700 shares during the last quarter. Finally, Waterloo Capital L.P. grew its holdings in FirstEnergy by 2.5% during the 4th quarter. Waterloo Capital L.P. now owns 56,875 shares of the utilities provider’s stock worth $2,546,000 after acquiring an additional 1,382 shares during the last quarter. Institutional investors own 89.41% of the company’s stock.

Insider Buying and Selling at FirstEnergy

In related news, CFO Jon Taylor K. sold 26,800 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $50.94, for a total value of $1,365,192.00. Following the completion of the transaction, the chief financial officer directly owned 119,552 shares of the company’s stock, valued at approximately $6,089,978.88. This trade represents a 18.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James F. Oneil sold 7,945 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $50.60, for a total transaction of $402,017.00. Following the completion of the transaction, the director directly owned 1,869 shares of the company’s stock, valued at $94,571.40. This represents a 80.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.14% of the stock is currently owned by company insiders.

FirstEnergy Price Performance

Shares of FE opened at $46.44 on Friday. The stock has a market capitalization of $26.86 billion, a P/E ratio of 25.24, a P/E/G ratio of 2.19 and a beta of 0.47. FirstEnergy Corporation has a twelve month low of $39.28 and a twelve month high of $52.34. The company has a 50 day moving average of $47.92 and a 200-day moving average of $47.52. 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 issued 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 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 business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the business earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, equities research analysts forecast that FirstEnergy Corporation will post 2.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FE has been the topic of a number of research analyst reports. Weiss Ratings raised shares of FirstEnergy from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Wolfe Research downgraded shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Mizuho set a $51.00 target price on shares of FirstEnergy in a research report on Thursday, February 19th. Jefferies Financial Group upped 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. Finally, New Street Research set a $52.00 target price on shares of FirstEnergy in a research report 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $51.69.

FirstEnergy 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.