Franklin Resources Inc. Has $156.55 Million Stock Position in FirstEnergy Corporation $FE

Franklin Resources Inc. increased its position in shares of FirstEnergy Corporation (NYSE:FE) by 2.3% in the fourth quarter, HoldingsChannel reports. The firm owned 3,496,817 shares of the utilities provider’s stock after purchasing an additional 79,554 shares during the period. Franklin Resources Inc.’s holdings in FirstEnergy were worth $156,552,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. State of Wyoming acquired a new stake in shares of FirstEnergy during the 2nd quarter worth about $25,000. Olistico Wealth LLC acquired a new stake in shares of FirstEnergy during the 4th quarter worth about $31,000. Quest 10 Wealth Builders Inc. increased its position in shares of 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 purchasing an additional 640 shares in the last quarter. Networth Advisors LLC acquired a new stake in shares of FirstEnergy during the 4th quarter worth about $40,000. Finally, GoalVest Advisory LLC increased its position in shares of 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 purchasing an additional 646 shares in the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Stock Up 1.2%

Shares of NYSE FE opened at $46.48 on Thursday. The firm has a market capitalization of $26.88 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 2.20 and a beta of 0.47. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 1.87. FirstEnergy Corporation has a 1 year low of $39.28 and a 1 year high of $52.34. The firm’s 50-day moving average is $47.67 and its 200-day moving average is $47.52.

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

Wall Street Analyst Weigh In

FE has been the subject of a number of recent analyst reports. Wolfe Research cut shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Mizuho set a $51.00 price objective on shares of FirstEnergy in a research report on Thursday, February 19th. Weiss Ratings upgraded shares of FirstEnergy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 2nd. New Street Research set a $52.00 price objective on shares of FirstEnergy in a research report on Tuesday, April 21st. Finally, 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. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, FirstEnergy currently has an average rating of “Moderate Buy” and an average price target of $51.69.

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.