Raleigh Capital Management Inc. Has $2.58 Million Stake in FirstEnergy Corporation $FE

Raleigh Capital Management Inc. lifted its position in FirstEnergy Corporation (NYSE:FE) by 33.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,029 shares of the utilities provider’s stock after buying an additional 12,724 shares during the quarter. FirstEnergy comprises 0.9% of Raleigh Capital Management Inc.’s investment portfolio, making the stock its 29th largest holding. Raleigh Capital Management Inc.’s holdings in FirstEnergy were worth $2,585,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors lifted its stake in FirstEnergy by 0.4% in the third quarter. Capital World Investors now owns 78,328,151 shares of the utilities provider’s stock valued at $3,588,992,000 after acquiring an additional 305,531 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of FirstEnergy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 68,109,341 shares of the utilities provider’s stock worth $3,049,255,000 after purchasing an additional 761,157 shares during the last quarter. Boston Partners increased its stake in shares of FirstEnergy by 13.5% during the 3rd quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock worth $841,161,000 after purchasing an additional 2,185,400 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of FirstEnergy by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 13,463,298 shares of the utilities provider’s stock valued at $600,351,000 after purchasing an additional 126,834 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of FirstEnergy by 0.3% during the 4th quarter. Invesco Ltd. now owns 11,722,471 shares of the utilities provider’s stock valued at $524,815,000 after purchasing an additional 34,014 shares in the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Stock Performance

Shares of FE opened at $48.48 on Friday. The company has a market capitalization of $28.04 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 2.32 and a beta of 0.47. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.52 and a quick ratio of 0.42. FirstEnergy Corporation has a one year low of $39.34 and a one year high of $52.34. The company’s fifty day moving average price is $46.57 and its 200 day moving average price is $47.69.

FirstEnergy (NYSE:FE) last released its quarterly 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 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, analysts expect that FirstEnergy Corporation will post 2.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FE. New Street Research set a $52.00 price objective on shares of FirstEnergy in a report on Tuesday, April 21st. Weiss Ratings cut FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 17th. TD Cowen upgraded FirstEnergy from a “hold” rating to a “buy” rating and decreased their price target for the stock from $56.00 to $53.00 in a research note on Friday, May 15th. Wolfe Research lowered FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Jefferies Financial Group increased their price objective on FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, April 21st. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, FirstEnergy has an average rating of “Moderate Buy” and a consensus price target of $52.23.

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.