FirstEnergy Corporation $FE Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC reduced its position in FirstEnergy Corporation (NYSE:FE) by 43.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,480 shares of the utilities provider’s stock after selling 14,052 shares during the quarter. Sterling Capital Management LLC’s holdings in FirstEnergy were worth $936,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. State of Wyoming acquired a new stake in shares of FirstEnergy during the second quarter worth $25,000. Olistico Wealth LLC acquired a new position in FirstEnergy in the 4th quarter valued at $31,000. DV Equities LLC purchased a new position in FirstEnergy during the 4th quarter worth $33,000. Quest 10 Wealth Builders Inc. raised its position 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 last quarter. Finally, Summit Securities Group LLC lifted its stake in shares of FirstEnergy by 148.0% in the 4th quarter. Summit Securities Group LLC now owns 771 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 2,376 shares during the period. 89.41% of the stock is currently owned by hedge funds and other institutional investors.

FirstEnergy Stock Down 0.9%

Shares of NYSE FE opened at $47.60 on Wednesday. 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 Corporation has a 52 week low of $39.34 and a 52 week high of $52.34. The firm has a 50-day moving average price of $46.62 and a 200 day moving average price of $47.63. The stock has a market capitalization of $27.54 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 2.30 and a beta of 0.47.

FirstEnergy (NYSE:FE) last issued its 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. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same period in the prior year, the business posted $0.67 earnings per share. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Equities research analysts anticipate that FirstEnergy Corporation will post 2.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FE. Weiss Ratings lowered shares of FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 17th. Barclays raised their price objective on shares of FirstEnergy from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $52.00 price objective on shares of FirstEnergy in a report on Wednesday, June 24th. UBS Group boosted their target price on FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Finally, JPMorgan Chase & Co. increased their target price on FirstEnergy from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $52.23.

FirstEnergy Company 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.