Capital World Investors Has $3.44 Billion Position in FirstEnergy Corporation $FE

Capital World Investors reduced its stake in FirstEnergy Corporation (NYSE:FE) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,946,706 shares of the utilities provider’s stock after selling 1,381,445 shares during the period. Capital World Investors owned about 0.13% of FirstEnergy worth $3,444,907,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. State of Wyoming acquired a new stake in shares of FirstEnergy in the 2nd quarter valued at approximately $25,000. Olistico Wealth LLC acquired a new stake in shares of FirstEnergy in the 4th quarter valued at approximately $31,000. Quest 10 Wealth Builders Inc. boosted its stake in shares of FirstEnergy by 507.9% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 640 shares in the last quarter. Networth Advisors LLC acquired a new stake in shares of FirstEnergy in the 4th quarter valued at approximately $40,000. Finally, WFA of San Diego LLC acquired a new stake in shares of FirstEnergy in the 2nd quarter valued at approximately $46,000. 89.41% of the stock is currently owned by institutional investors and hedge funds.

FirstEnergy Stock Up 1.8%

FirstEnergy stock opened at $46.44 on Friday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.42 and a current ratio of 0.52. FirstEnergy Corporation has a 52-week low of $39.28 and a 52-week high of $52.34. The firm has a 50 day moving average price of $47.92 and a two-hundred day moving average price of $47.52. The firm has a market cap of $26.86 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 2.22 and a beta of 0.47.

FirstEnergy (NYSE:FE) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analyst estimates of $3.80 billion. During the same quarter last year, the business earned $0.67 EPS. The company’s 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 year.

Insider Activity at FirstEnergy

In other FirstEnergy news, Director James F. Oneil sold 7,945 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jon Taylor K. sold 26,800 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $50.94, for a total transaction of $1,365,192.00. Following the transaction, the chief financial officer owned 119,552 shares of the company’s stock, valued at approximately $6,089,978.88. The trade was a 18.31% decrease in their position. The SEC filing for this sale provides additional information. 0.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FE has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of FirstEnergy from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. TD Cowen upgraded shares of FirstEnergy from a “hold” rating to a “buy” rating and decreased their price target for the company from $56.00 to $53.00 in a research report on Friday, May 15th. Wells Fargo & Company restated an “overweight” rating and issued a $55.00 price target on shares of FirstEnergy in a research report on Tuesday, April 21st. Weiss Ratings upgraded shares of FirstEnergy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. Finally, Scotiabank restated an “outperform” rating on shares of FirstEnergy in a research report on Thursday, February 19th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $51.69.

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.