Heartland Advisors Inc. Trims Stock Position in FirstEnergy Corporation $FE

Heartland Advisors Inc. lessened its position in FirstEnergy Corporation (NYSE:FE) by 10.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 289,522 shares of the utilities provider’s stock after selling 35,334 shares during the period. Heartland Advisors Inc. owned about 0.05% of FirstEnergy worth $12,962,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. State of Wyoming acquired a new position in shares of FirstEnergy in the second quarter valued at approximately $25,000. Olistico Wealth LLC acquired a new stake in shares of FirstEnergy in the fourth quarter worth $31,000. Quest 10 Wealth Builders Inc. increased its position in shares of FirstEnergy by 507.9% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 640 shares in the last quarter. Networth Advisors LLC purchased a new position in shares of FirstEnergy in the fourth quarter valued at $40,000. Finally, GoalVest Advisory LLC boosted its stake in shares of FirstEnergy by 145.2% in the fourth quarter. GoalVest Advisory LLC now owns 1,091 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 646 shares during the period. Institutional investors and hedge funds own 89.41% of the company’s stock.

Analyst Upgrades and Downgrades

FE has been the topic of a number of research analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of FirstEnergy in a research note on Wednesday, February 11th. Jefferies Financial Group increased 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. Scotiabank restated an “outperform” rating on shares of FirstEnergy in a research report on Thursday, February 19th. 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. Finally, Barclays raised their price target on shares of FirstEnergy from $50.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, FirstEnergy presently has an average rating of “Moderate Buy” and an average price target of $51.69.

FirstEnergy Trading Up 1.2%

Shares of NYSE:FE opened at $46.48 on Thursday. The company has a market cap of $26.88 billion, a PE ratio of 25.26, a P/E/G ratio of 2.20 and a beta of 0.47. 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 company’s 50-day moving average price is $47.67 and its 200 day moving average price is $47.52. FirstEnergy Corporation has a fifty-two week low of $39.28 and a fifty-two week high of $52.34.

FirstEnergy (NYSE:FE) last released its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, meeting the consensus estimate of $0.72. The firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $3.80 billion. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. FirstEnergy’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the company earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Sell-side analysts anticipate that FirstEnergy Corporation will post 2.73 earnings per share for the current year.

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.