Electron Capital Partners LLC Makes New $65.91 Million Investment in FirstEnergy Corporation $FE

Electron Capital Partners LLC acquired a new stake in shares of FirstEnergy Corporation (NYSE:FE) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 1,472,177 shares of the utilities provider’s stock, valued at approximately $65,909,000. FirstEnergy comprises 3.1% of Electron Capital Partners LLC’s holdings, making the stock its 13th biggest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State of Wyoming acquired a new stake in FirstEnergy during the 2nd quarter worth about $25,000. Olistico Wealth LLC acquired a new stake in FirstEnergy during the fourth quarter worth about $31,000. DV Equities LLC purchased a new position in FirstEnergy during the fourth quarter valued at approximately $33,000. Quest 10 Wealth Builders Inc. lifted its holdings in FirstEnergy by 507.9% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 640 shares during the period. Finally, Networth Advisors LLC purchased a new stake in FirstEnergy in the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Stock Down 3.4%

Shares of NYSE FE opened at $46.09 on Thursday. FirstEnergy Corporation has a 52-week low of $39.34 and a 52-week 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 company’s 50-day simple moving average is $47.26 and its 200-day simple moving average is $47.51. The firm has a market cap of $26.66 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 2.29 and a beta of 0.47.

FirstEnergy (NYSE:FE) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.72. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same period last year, the company posted $0.67 EPS. FirstEnergy’s quarterly revenue was up 11.6% compared to the same quarter last year. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Equities analysts predict that FirstEnergy Corporation will post 2.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. New Street Research set a $52.00 target price on shares of FirstEnergy in a research note on Tuesday, April 21st. TD Cowen upgraded shares of FirstEnergy from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $56.00 to $53.00 in a research report on Friday, May 15th. Wolfe Research cut FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Jefferies Financial Group lifted their price target on FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings upgraded FirstEnergy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 2nd. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.08.

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.