431,341 Shares in FirstEnergy Corporation $FE Acquired by Mizuho Markets Cayman LP

Mizuho Markets Cayman LP purchased a new position in shares of FirstEnergy Corporation (NYSE:FE) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 431,341 shares of the utilities provider’s stock, valued at approximately $19,311,000. FirstEnergy accounts for 1.0% of Mizuho Markets Cayman LP’s holdings, making the stock its 19th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. State of Wyoming acquired a new position in FirstEnergy during the 2nd quarter worth approximately $25,000. Olistico Wealth LLC acquired a new position in FirstEnergy during the 4th quarter worth approximately $31,000. Quest 10 Wealth Builders Inc. raised its stake in FirstEnergy by 507.9% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock worth $34,000 after buying an additional 640 shares during the period. Networth Advisors LLC acquired a new position in FirstEnergy during the 4th quarter worth approximately $40,000. Finally, GoalVest Advisory LLC raised its stake in FirstEnergy by 145.2% during the 4th quarter. GoalVest Advisory LLC now owns 1,091 shares of the utilities provider’s stock worth $49,000 after buying an additional 646 shares during the period. 89.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director James F. Oneil sold 7,945 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $50.60, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Jason Lisowski sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $50.84, for a total value of $152,520.00. Following the completion of the transaction, the chief accounting officer directly owned 7,176 shares of the company’s stock, valued at approximately $364,827.84. This represents a 29.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 39,118 shares of company stock valued at $1,989,532 over the last three months. Corporate insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on FirstEnergy from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Scotiabank reaffirmed an “outperform” rating on shares of FirstEnergy in a research note on Thursday, February 19th. Wells Fargo & Company reissued an “overweight” rating and issued a $55.00 price objective on shares of FirstEnergy in a research note 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, New Street Research set a $52.00 price objective on FirstEnergy in a research note on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $51.69.

FirstEnergy Stock Performance

FE stock opened at $46.35 on Friday. The firm has a market cap of $26.81 billion, a PE ratio of 25.19, a P/E/G ratio of 2.18 and a beta of 0.48. 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 business has a 50 day moving average of $48.73 and a 200-day moving average of $47.51. FirstEnergy Corporation has a 12-month low of $39.28 and a 12-month high of $52.34.

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

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.