FirstEnergy Corporation $FE Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of FirstEnergy Corporation (NYSE:FE) by 5.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,174,981 shares of the utilities provider’s stock after selling 69,715 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in FirstEnergy were worth $59,525,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in FE. Resona Asset Management Co. Ltd. lifted its holdings in FirstEnergy by 0.5% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 213,030 shares of the utilities provider’s stock valued at $10,785,000 after purchasing an additional 1,006 shares in the last quarter. Navalign LLC grew its holdings in shares of FirstEnergy by 2.0% during the first quarter. Navalign LLC now owns 23,680 shares of the utilities provider’s stock worth $1,200,000 after buying an additional 473 shares in the last quarter. R Squared Ltd raised its position in shares of FirstEnergy by 115.1% in the first quarter. R Squared Ltd now owns 13,670 shares of the utilities provider’s stock valued at $693,000 after buying an additional 7,314 shares during the last quarter. Ascentis Independent Advisors acquired a new position in shares of FirstEnergy in the first quarter valued at approximately $46,000. Finally, Stephens Inc. AR raised its position in shares of FirstEnergy by 7.8% in the first quarter. Stephens Inc. AR now owns 12,024 shares of the utilities provider’s stock valued at $609,000 after buying an additional 873 shares during the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Trading Up 0.6%

Shares of FirstEnergy stock traded up $0.29 during trading hours on Friday, reaching $47.92. The stock had a trading volume of 1,772,128 shares, compared to its average volume of 3,795,127. The firm has a 50 day simple moving average of $46.43 and a two-hundred day simple moving average of $47.81. The firm has a market capitalization of $27.72 billion, a price-to-earnings ratio of 26.04, 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 $40.01 and a 1 year high of $52.34.

FirstEnergy (NYSE:FE) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.72. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the previous year, the business earned $0.67 EPS. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, equities research analysts anticipate that FirstEnergy Corporation will post 2.74 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Jefferies Financial Group raised their target price on shares of FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, April 21st. Weiss Ratings downgraded FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 17th. Barclays increased their price target on FirstEnergy from $50.00 to $53.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Morgan Stanley restated an “overweight” rating and set a $52.00 price objective on shares of FirstEnergy in a report on Wednesday, June 24th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $55.00 price objective on shares of FirstEnergy in a research report on Tuesday, April 21st. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.23.

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.