FirstEnergy Corporation $FE Stake Raised by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its holdings in shares of FirstEnergy Corporation (NYSE:FE) by 11,305.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,974,989 shares of the utilities provider’s stock after buying an additional 1,957,673 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in FirstEnergy were worth $81,699,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FE. State of Wyoming bought a new stake in shares of FirstEnergy during the second quarter valued at approximately $25,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of FirstEnergy during the third quarter valued at approximately $27,000. Olistico Wealth LLC bought a new stake in shares of FirstEnergy during the fourth quarter valued at approximately $31,000. Quest 10 Wealth Builders Inc. raised its holdings in shares of FirstEnergy by 507.9% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock valued at $34,000 after buying an additional 640 shares during the last quarter. Finally, Networth Advisors LLC bought a new stake in shares of FirstEnergy during the fourth quarter valued at approximately $40,000. Institutional investors own 89.41% of the company’s stock.

FirstEnergy Price Performance

NYSE FE opened at $43.81 on Monday. FirstEnergy Corporation has a 12 month low of $39.28 and a 12 month high of $52.34. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.52 and a quick ratio of 0.42. The firm has a market capitalization of $25.34 billion, a PE ratio of 23.81, a P/E/G ratio of 2.10 and a beta of 0.48. The company’s 50 day simple moving average is $49.26 and its 200 day simple moving average is $47.55.

FirstEnergy (NYSE:FE) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, meeting analysts’ consensus estimates of $0.72. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.80 billion. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the business earned $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, equities research analysts forecast that FirstEnergy Corporation will post 2.73 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FE shares. Wolfe Research cut FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $55.00 price target on shares of FirstEnergy in a report on Tuesday, April 21st. Jefferies Financial Group raised their price objective on shares of FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, April 21st. Mizuho set a $51.00 price objective on shares of FirstEnergy in a research note on Thursday, February 19th. Finally, Weiss Ratings lowered shares of FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.69.

Insiders Place Their Bets

In other FirstEnergy news, CFO Jon Taylor K. sold 26,800 shares of FirstEnergy stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $50.94, for a total value of $1,365,192.00. Following the transaction, the chief financial officer owned 119,552 shares in the company, valued at approximately $6,089,978.88. The trade was a 18.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James F. Oneil sold 7,945 shares of FirstEnergy stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $50.60, for a total transaction of $402,017.00. Following the completion of the transaction, the director owned 1,869 shares in the company, valued at approximately $94,571.40. This trade represents a 80.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 39,118 shares of company stock worth $1,989,532. 0.14% of the stock is owned by insiders.

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.