FirstEnergy Corporation $FE Shares Purchased by Fulton Bank N.A.

Fulton Bank N.A. raised its position in shares of FirstEnergy Corporation (NYSE:FE) by 34.0% in the first quarter, HoldingsChannel.com reports. The firm owned 75,878 shares of the utilities provider’s stock after buying an additional 19,264 shares during the period. Fulton Bank N.A.’s holdings in FirstEnergy were worth $3,844,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. State of Wyoming bought a new position in FirstEnergy during the second quarter valued at about $25,000. Olistico Wealth LLC bought a new stake in FirstEnergy in the fourth quarter worth about $31,000. DV Equities LLC acquired a new stake in FirstEnergy in the 4th quarter valued at about $33,000. Pinnacle Bancorp Inc. boosted its position in shares of FirstEnergy by 44.4% during the 1st quarter. Pinnacle Bancorp Inc. now owns 754 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 232 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. boosted 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 valued at $34,000 after purchasing an additional 640 shares in the last quarter. 89.41% of the stock is currently owned by institutional investors and hedge funds.

FirstEnergy Stock Performance

Shares of FirstEnergy stock opened at $47.07 on Thursday. FirstEnergy Corporation has a 12 month low of $39.34 and a 12 month high of $52.34. 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 stock has a market cap of $27.23 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 2.28 and a beta of 0.47. The business has a fifty day simple moving average of $46.57 and a 200-day simple moving average of $47.65.

FirstEnergy (NYSE:FE) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, meeting the consensus estimate of $0.72. The firm had revenue of $4.20 billion for 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 previous year, the firm earned $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, sell-side analysts anticipate that FirstEnergy Corporation will post 2.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on FE shares. TD Cowen upgraded shares of FirstEnergy from a “hold” rating to a “buy” rating and dropped their target price for the stock from $56.00 to $53.00 in a report on Friday, May 15th. UBS Group raised their target price on shares of FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. JPMorgan Chase & Co. upped their price target on FirstEnergy from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Wolfe Research downgraded FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Wells Fargo & Company reissued 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 issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.23.

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.