UniSuper Management Pty Ltd Sells 163,412 Shares of FirstEnergy Corporation $FE

UniSuper Management Pty Ltd reduced its stake in shares of FirstEnergy Corporation (NYSE:FE) by 12.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,161,479 shares of the utilities provider’s stock after selling 163,412 shares during the quarter. UniSuper Management Pty Ltd owned about 0.20% of FirstEnergy worth $51,999,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FE. Eurizon Capital SGR S.p.A. bought a new stake in FirstEnergy during the fourth quarter worth approximately $123,018,000. Boston Partners increased its stake in FirstEnergy by 13.5% during the third quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock worth $841,161,000 after acquiring an additional 2,185,400 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in FirstEnergy by 11,305.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,974,989 shares of the utilities provider’s stock worth $81,699,000 after acquiring an additional 1,957,673 shares during the last quarter. Marshall Wace LLP increased its stake in FirstEnergy by 128.5% during the third quarter. Marshall Wace LLP now owns 3,275,409 shares of the utilities provider’s stock worth $150,079,000 after acquiring an additional 1,841,946 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in FirstEnergy by 104.3% during the third quarter. Victory Capital Management Inc. now owns 3,528,747 shares of the utilities provider’s stock worth $161,687,000 after acquiring an additional 1,801,729 shares during the last quarter. 89.41% of the stock is owned by institutional investors.

FirstEnergy Stock Up 0.7%

Shares of NYSE FE opened at $46.73 on Friday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.42 and a current ratio of 0.52. The firm has a market capitalization of $27.03 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 2.22 and a beta of 0.47. The stock has a 50 day moving average price of $47.59 and a 200 day moving average price of $47.51. FirstEnergy Corporation has a 52-week low of $39.28 and a 52-week high of $52.34.

FirstEnergy (NYSE:FE) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.72. The firm 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 quarter in the previous year, the business earned $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Sell-side analysts expect that FirstEnergy Corporation will post 2.73 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. New Street Research set a $52.00 target price on FirstEnergy in a research report on Tuesday, April 21st. Wolfe Research lowered FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Jefferies Financial Group boosted their target price on FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, April 21st. UBS Group boosted their target price on FirstEnergy from $50.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Wells Fargo & Company restated an “overweight” rating and set a $55.00 target price on shares of FirstEnergy in a research report on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, FirstEnergy has an average rating of “Moderate Buy” and an average price target of $52.08.

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.