FirstEnergy Corporation $FE Stock Position Reduced by Natixis Advisors LLC

Natixis Advisors LLC trimmed its position in FirstEnergy Corporation (NYSE:FE) by 14.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 228,363 shares of the utilities provider’s stock after selling 39,829 shares during the period. Natixis Advisors LLC’s holdings in FirstEnergy were worth $10,224,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. State of Wyoming acquired a new position in FirstEnergy in the second quarter worth $25,000. Olistico Wealth LLC acquired a new stake in shares of FirstEnergy during the fourth quarter worth $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 worth $34,000 after purchasing an additional 640 shares during the period. Networth Advisors LLC bought a new position in shares of FirstEnergy in the 4th quarter worth about $40,000. Finally, GoalVest Advisory LLC boosted its holdings in shares of FirstEnergy by 145.2% in the 4th quarter. GoalVest Advisory LLC now owns 1,091 shares of the utilities provider’s stock valued at $49,000 after buying an additional 646 shares during the period. 89.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at FirstEnergy

In other FirstEnergy news, CFO Jon Taylor K. sold 26,800 shares of FirstEnergy stock in a transaction 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 sale, the chief financial officer owned 119,552 shares of the company’s stock, valued at $6,089,978.88. The trade was a 18.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James F. Oneil sold 7,945 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $50.60, for a total value of $402,017.00. Following the transaction, the director owned 1,869 shares of the company’s stock, valued at $94,571.40. This trade represents a 80.96% decrease in their position. The SEC filing for this sale provides additional information. 0.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company reiterated an “overweight” rating and set a $55.00 price objective on shares of FirstEnergy in a research note on Tuesday, April 21st. Weiss Ratings upgraded FirstEnergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 2nd. Wolfe Research lowered FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Mizuho set a $51.00 price target on FirstEnergy in a research report on Thursday, February 19th. Finally, Jefferies Financial Group boosted their price objective on FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.69.

FirstEnergy Trading Up 0.0%

FirstEnergy stock opened at $46.44 on Monday. FirstEnergy Corporation has a 52-week low of $39.28 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 firm has a market capitalization of $26.86 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 2.22 and a beta of 0.47. The firm has a 50-day moving average price of $47.92 and a two-hundred day moving average price of $47.53.

FirstEnergy (NYSE:FE) last released 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. The company had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $3.80 billion. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Sell-side analysts expect that FirstEnergy Corporation will post 2.73 earnings per share for the current year.

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.