BW Gestao de Investimentos Ltda. Buys Shares of 338,898 FirstEnergy Corporation $FE

BW Gestao de Investimentos Ltda. bought a new stake in shares of FirstEnergy Corporation (NYSE:FE) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 338,898 shares of the utilities provider’s stock, valued at approximately $15,172,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Capital World Investors raised its position in shares of FirstEnergy by 0.4% during the 3rd quarter. Capital World Investors now owns 78,328,151 shares of the utilities provider’s stock valued at $3,588,992,000 after acquiring an additional 305,531 shares during the last quarter. Vanguard Group Inc. increased its position in shares of FirstEnergy by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 68,109,341 shares of the utilities provider’s stock valued at $3,049,255,000 after buying an additional 761,157 shares in the last quarter. Boston Partners increased its position in shares of FirstEnergy by 13.5% in the 3rd quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock valued at $841,161,000 after buying an additional 2,185,400 shares in the last quarter. Geode Capital Management LLC increased its holdings in FirstEnergy by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 13,463,298 shares of the utilities provider’s stock worth $600,351,000 after purchasing an additional 126,834 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in FirstEnergy by 2.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,277,257 shares of the utilities provider’s stock worth $419,889,000 after purchasing an additional 205,618 shares in the last quarter. Institutional investors own 89.41% of the company’s stock.

FirstEnergy Trading Down 2.1%

Shares of NYSE:FE opened at $45.43 on Tuesday. FirstEnergy Corporation has a 52-week low of $39.28 and a 52-week high of $52.34. The company has a market capitalization of $26.28 billion, a P/E ratio of 24.69, a price-to-earnings-growth ratio of 2.22 and a beta of 0.47. The company has a 50-day simple moving average of $48.18 and a 200 day simple moving average of $47.54. 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 (NYSE:FE) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.72. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The business had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same period last year, the business posted $0.67 EPS. FirstEnergy’s revenue was up 11.6% on a year-over-year basis. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Sell-side analysts forecast that FirstEnergy Corporation will post 2.73 earnings per share for the current year.

Insider Buying and Selling at FirstEnergy

In other news, Director James F. Oneil sold 7,945 shares of the company’s stock in a transaction that occurred 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 approximately $94,571.40. This represents a 80.96% decrease in their ownership of the stock. 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 company’s 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 completion of the transaction, the chief financial officer directly owned 119,552 shares in the company, valued at $6,089,978.88. The trade was a 18.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 39,118 shares of company stock valued at $1,989,532 in the last three months. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FE shares. JPMorgan Chase & Co. increased their target price on FirstEnergy from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Jefferies Financial Group increased their target price on FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a report on Tuesday, April 21st. Morgan Stanley reiterated an “overweight” rating on shares of FirstEnergy in a report on Wednesday, February 11th. TD Cowen upgraded FirstEnergy from a “hold” rating to a “buy” rating and lowered their target price for the stock from $56.00 to $53.00 in a report on Friday, May 15th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $55.00 target price on shares of FirstEnergy in a report on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.69.

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.