142,477 Shares in FirstEnergy Corporation $FE Bought by Entropy Technologies LP

Entropy Technologies LP bought a new position in shares of FirstEnergy Corporation (NYSE:FE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 142,477 shares of the utilities provider’s stock, valued at approximately $6,379,000.

Other large investors have also recently added to or reduced their stakes in the company. State of Wyoming acquired a new stake in FirstEnergy in the second quarter valued at $25,000. Olistico Wealth LLC acquired a new stake in FirstEnergy in the fourth quarter valued at $31,000. Quest 10 Wealth Builders Inc. lifted its stake in FirstEnergy by 507.9% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 640 shares during the last quarter. Networth Advisors LLC acquired a new stake in FirstEnergy in the fourth quarter valued at $40,000. Finally, GoalVest Advisory LLC lifted its stake in 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 acquiring an additional 646 shares during the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on FE shares. JPMorgan Chase & Co. increased their price target on shares of FirstEnergy from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Wolfe Research cut shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Barclays increased their price target on shares of FirstEnergy from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Wells Fargo & Company reiterated an “overweight” rating and issued a $55.00 price target on shares of FirstEnergy in a research note on Tuesday, April 21st. Finally, New Street Research set a $52.00 price target on shares of FirstEnergy in a research note on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.08.

FirstEnergy Price Performance

Shares of FE opened at $46.97 on Friday. The firm has a market capitalization of $27.17 billion, a PE ratio of 25.53, a PEG ratio of 2.25 and a beta of 0.47. The company’s 50-day moving average is $47.51 and its 200-day moving average is $47.51. FirstEnergy Corporation has a fifty-two week low of $39.28 and a fifty-two week 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.

FirstEnergy (NYSE:FE) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, meeting the consensus estimate of $0.72. The company had revenue of $4.20 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 company’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Equities analysts forecast that FirstEnergy Corporation will post 2.73 EPS 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.