MUFG Securities EMEA plc Purchases 11,381 Shares of FirstEnergy Corporation $FE

MUFG Securities EMEA plc increased its position in FirstEnergy Corporation (NYSE:FE) by 114.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,328 shares of the utilities provider’s stock after purchasing an additional 11,381 shares during the quarter. MUFG Securities EMEA plc’s holdings in FirstEnergy were worth $955,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Wyoming bought a new position in FirstEnergy in the second quarter worth $25,000. Olistico Wealth LLC bought a new position in FirstEnergy in the fourth quarter worth $31,000. Quest 10 Wealth Builders Inc. lifted its position in FirstEnergy by 507.9% in the fourth 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 during the period. Networth Advisors LLC bought a new position in FirstEnergy in the fourth quarter worth $40,000. Finally, GoalVest Advisory LLC lifted its position in FirstEnergy by 145.2% in the fourth quarter. GoalVest Advisory LLC now owns 1,091 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 646 shares during the period. 89.41% of the stock is owned by institutional investors.

Insider Activity

In other news, Director James F. Oneil sold 7,945 shares of the firm’s stock in a transaction 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 sale, the director directly owned 1,869 shares in the company, valued at approximately $94,571.40. This trade represents a 80.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jon Taylor K. sold 26,800 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were 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 trade represents a 18.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 39,118 shares of company stock worth $1,989,532. 0.14% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

FirstEnergy Stock Performance

FirstEnergy stock opened at $45.33 on Wednesday. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.52 and a quick ratio of 0.42. The stock has a fifty day moving average price of $48.18 and a two-hundred day moving average price of $47.54. FirstEnergy Corporation has a 52-week low of $39.28 and a 52-week high of $52.34. The firm has a market capitalization of $26.22 billion, a P/E ratio of 24.63, a P/E/G ratio of 2.17 and a beta of 0.47.

FirstEnergy (NYSE:FE) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.72. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same period in the prior year, the company posted $0.67 earnings per share. The business’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. As a group, analysts anticipate that FirstEnergy Corporation will post 2.73 EPS for the current fiscal 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.