28,116 Shares in FirstEnergy Corporation $FE Acquired by Holderness Investments Co.

Holderness Investments Co. bought a new position in shares of FirstEnergy Corporation (NYSE:FE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 28,116 shares of the utilities provider’s stock, valued at approximately $1,259,000.

A number of other institutional investors have also made changes to their positions in the business. State of Wyoming acquired a new position in FirstEnergy in the 2nd quarter valued at $25,000. Olistico Wealth LLC acquired a new position in FirstEnergy in the 4th quarter valued at $31,000. Quest 10 Wealth Builders Inc. grew its holdings in FirstEnergy by 507.9% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock valued at $34,000 after buying an additional 640 shares in the last quarter. Networth Advisors LLC acquired a new position in FirstEnergy in the 4th quarter valued at $40,000. Finally, WFA of San Diego LLC acquired a new position in FirstEnergy in the 2nd quarter valued at $46,000. 89.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. Scotiabank reaffirmed an “outperform” rating on shares of FirstEnergy in a report on Thursday, February 19th. Mizuho set a $51.00 price objective on FirstEnergy in a report on Thursday, February 19th. Wells Fargo & Company reiterated an “overweight” rating and set a $55.00 target price on shares of FirstEnergy in a research report on Tuesday, April 21st. New Street Research set a $52.00 target price on FirstEnergy in a research report on Tuesday, April 21st. Finally, TD Cowen upgraded FirstEnergy from a “hold” rating to a “buy” rating and cut their target price for the company from $56.00 to $53.00 in a research report on Friday, May 15th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, FirstEnergy has an average rating of “Moderate Buy” and a consensus target price of $51.69.

FirstEnergy Price Performance

FirstEnergy stock opened at $46.39 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $26.84 billion, a PE ratio of 25.21, a P/E/G ratio of 2.21 and a beta of 0.48. FirstEnergy Corporation has a 12 month low of $39.28 and a 12 month high of $52.34. The stock has a 50-day moving average price of $48.26 and a two-hundred day moving average price of $47.53.

FirstEnergy (NYSE:FE) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, meeting the consensus estimate of $0.72. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $3.80 billion. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the company earned $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Analysts expect that FirstEnergy Corporation will post 2.73 EPS for the current year.

Insider Buying and Selling at FirstEnergy

In other news, CFO Jon Taylor K. sold 26,800 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $50.94, for a total value of $1,365,192.00. Following the completion of the sale, the chief financial officer owned 119,552 shares of the company’s stock, valued at approximately $6,089,978.88. This represents a 18.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James F. Oneil sold 7,945 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $50.60, for a total value of $402,017.00. Following the completion of the sale, the director directly owned 1,869 shares of the company’s stock, valued at approximately $94,571.40. The trade was a 80.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 39,118 shares of company stock worth $1,989,532. 0.14% of the stock is currently owned by insiders.

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.