FirstEnergy Corporation $FE Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its holdings in shares of FirstEnergy Corporation (NYSE:FE) by 2.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 615,763 shares of the utilities provider’s stock after selling 16,222 shares during the quarter. Principal Financial Group Inc.’s holdings in FirstEnergy were worth $31,195,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its stake in shares of FirstEnergy by 11,305.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,974,989 shares of the utilities provider’s stock worth $81,699,000 after buying an additional 1,957,673 shares during the period. Intech Investment Management LLC grew its stake in FirstEnergy by 42.8% in the 4th quarter. Intech Investment Management LLC now owns 85,247 shares of the utilities provider’s stock valued at $3,817,000 after acquiring an additional 25,571 shares during the period. Vanguard Group Inc. increased its holdings in FirstEnergy by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 68,109,341 shares of the utilities provider’s stock worth $3,049,255,000 after acquiring an additional 761,157 shares in the last quarter. BW Gestao de Investimentos Ltda. purchased a new stake in FirstEnergy in the 4th quarter worth $15,172,000. Finally, Allspring Global Investments Holdings LLC raised its position in FirstEnergy by 2.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,277,257 shares of the utilities provider’s stock worth $419,889,000 after acquiring an additional 205,618 shares during the period. 89.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FE. Wells Fargo & Company reiterated an “overweight” rating and issued a $55.00 target price on shares of FirstEnergy in a research report on Tuesday, April 21st. Morgan Stanley reaffirmed an “overweight” rating and issued a $52.00 price target on shares of FirstEnergy in a research note on Wednesday, June 24th. Jefferies Financial Group boosted their price target on FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, April 21st. Wolfe Research downgraded FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Weiss Ratings downgraded shares of FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 17th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, FirstEnergy has an average rating of “Moderate Buy” and an average price target of $52.75.

FirstEnergy Price Performance

NYSE:FE opened at $48.53 on Monday. FirstEnergy Corporation has a 52 week low of $40.50 and a 52 week high of $52.34. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $28.07 billion, a P/E ratio of 26.38, a P/E/G ratio of 2.32 and a beta of 0.47. The stock’s fifty day moving average is $46.74 and its two-hundred day moving average is $47.98.

FirstEnergy (NYSE:FE) last released its quarterly 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. The business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $3.80 billion. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The company’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Equities analysts expect that FirstEnergy Corporation will post 2.74 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.