Hsbc Holdings PLC Lowers Stock Position in FirstEnergy Corporation $FE

Hsbc Holdings PLC lessened its holdings in shares of FirstEnergy Corporation (NYSE:FE) by 19.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 858,499 shares of the utilities provider’s stock after selling 207,231 shares during the period. Hsbc Holdings PLC’s holdings in FirstEnergy were worth $43,456,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of FE. Northwestern Mutual Wealth Management Co. boosted its holdings in FirstEnergy by 11,305.6% in 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 purchasing an additional 1,957,673 shares during the last quarter. Intech Investment Management LLC grew its position in FirstEnergy by 42.8% in the 4th quarter. Intech Investment Management LLC now owns 85,247 shares of the utilities provider’s stock worth $3,817,000 after purchasing an additional 25,571 shares during the period. Vanguard Group Inc. raised its stake in FirstEnergy by 1.1% during 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 buying an additional 761,157 shares during the last quarter. BW Gestao de Investimentos Ltda. purchased a new stake in FirstEnergy during the 4th quarter valued at $15,172,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of FirstEnergy by 2.3% during 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 buying an additional 205,618 shares during the period. Institutional investors own 89.41% of the company’s stock.

FirstEnergy Stock Performance

Shares of FE opened at $48.57 on Tuesday. The business has a 50-day simple moving average of $46.82 and a two-hundred day simple moving average of $48.00. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 1.87. FirstEnergy Corporation has a 52 week low of $40.70 and a 52 week high of $52.34. The stock has a market cap of $28.09 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 2.32 and a beta of 0.47.

FirstEnergy (NYSE:FE) last announced its quarterly earnings data 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 company had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $3.80 billion. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The firm’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, analysts expect that FirstEnergy Corporation will post 2.74 EPS for the current year.

Analyst Ratings Changes

FE has been the subject of several research analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $52.00 price objective on shares of FirstEnergy in a report on Wednesday, June 24th. Jefferies Financial Group increased their target price on FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, April 21st. Weiss Ratings cut FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 17th. UBS Group boosted their price target on FirstEnergy from $50.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $55.00 price target 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 given a Hold rating to the stock. Based on data from MarketBeat, FirstEnergy currently has an average rating of “Moderate Buy” and a consensus price target of $52.92.

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.