Aventail Capital Group LP Buys 449,290 Shares of FirstEnergy Corporation $FE

Aventail Capital Group LP boosted its stake in FirstEnergy Corporation (NYSE:FE) by 147.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 754,950 shares of the utilities provider’s stock after purchasing an additional 449,290 shares during the quarter. FirstEnergy makes up 1.9% of Aventail Capital Group LP’s investment portfolio, making the stock its 15th largest position. Aventail Capital Group LP’s holdings in FirstEnergy were worth $33,799,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in FE. Capital World Investors raised its holdings in shares of FirstEnergy by 0.4% in the 3rd quarter. Capital World Investors now owns 78,328,151 shares of the utilities provider’s stock valued at $3,588,992,000 after acquiring an additional 305,531 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of FirstEnergy by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 68,109,341 shares of the utilities provider’s stock valued at $3,049,255,000 after acquiring an additional 761,157 shares in the last quarter. Boston Partners raised its holdings in shares of FirstEnergy by 13.5% in the 3rd quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock valued at $841,161,000 after acquiring an additional 2,185,400 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of FirstEnergy by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 13,463,298 shares of the utilities provider’s stock valued at $600,351,000 after acquiring an additional 126,834 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of FirstEnergy by 2.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,277,257 shares of the utilities provider’s stock valued at $419,889,000 after acquiring an additional 205,618 shares in the last quarter. Institutional investors own 89.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FE shares. Jefferies Financial Group raised their price target on FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, April 21st. Barclays raised their price target on FirstEnergy from $50.00 to $53.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Scotiabank reaffirmed an “outperform” rating on shares of FirstEnergy in a report on Thursday, February 19th. Weiss Ratings raised FirstEnergy from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 2nd. Finally, UBS Group raised their price target on FirstEnergy from $50.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $52.08.

FirstEnergy Stock Performance

Shares of NYSE FE opened at $46.09 on Thursday. The stock has a market cap of $26.66 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 2.29 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 $39.34 and a 1-year high of $52.34. The stock’s 50-day moving average is $47.26 and its 200 day moving average is $47.51.

FirstEnergy (NYSE:FE) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.72. The company had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $3.80 billion. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.FirstEnergy’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted $0.67 EPS. 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.

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.