Forsta AP Fonden Sells 21,300 Shares of FirstEnergy Corporation $FE

Forsta AP Fonden reduced its position in shares of FirstEnergy Corporation (NYSE:FE) by 16.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 108,200 shares of the utilities provider’s stock after selling 21,300 shares during the quarter. Forsta AP Fonden’s holdings in FirstEnergy were worth $4,844,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in FE. Brighton Jones LLC bought a new stake in shares of FirstEnergy during the 4th quarter valued at about $256,000. Integrated Wealth Concepts LLC bought a new stake in shares of FirstEnergy during the 1st quarter valued at about $289,000. Empowered Funds LLC grew its stake in shares of FirstEnergy by 7.0% during the 1st quarter. Empowered Funds LLC now owns 11,213 shares of the utilities provider’s stock valued at $453,000 after purchasing an additional 732 shares during the period. Woodline Partners LP grew its stake in shares of FirstEnergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 43,334 shares of the utilities provider’s stock valued at $1,752,000 after purchasing an additional 12,531 shares during the period. Finally, Focus Partners Wealth grew its stake in shares of FirstEnergy by 6.8% during the 1st quarter. Focus Partners Wealth now owns 21,178 shares of the utilities provider’s stock valued at $856,000 after purchasing an additional 1,340 shares during the period. 89.41% of the stock is currently owned by institutional investors.

Insider Transactions at FirstEnergy

In related news, CAO Jason Lisowski sold 1,373 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $50.84, for a total transaction of $69,803.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James F. Oneil sold 7,945 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $50.60, for a total value of $402,017.00. Following the sale, the director owned 1,869 shares in the company, valued at $94,571.40. The trade was a 80.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 39,118 shares of company stock valued at $1,989,532 in the last ninety days. Corporate insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. 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. Scotiabank reiterated an “outperform” rating on shares of FirstEnergy in a research note on Thursday, February 19th. Weiss Ratings downgraded FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Mizuho set a $51.00 price objective on FirstEnergy in a research note on Thursday, February 19th. Finally, New Street Research set a $52.00 price objective on FirstEnergy in a research note 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. Based on data from MarketBeat, FirstEnergy currently has a consensus rating of “Moderate Buy” and an average price target of $51.69.

FirstEnergy Stock Down 2.1%

Shares of FE opened at $45.43 on Tuesday. The stock has a market capitalization of $26.28 billion, a price-to-earnings ratio of 24.69, a price-to-earnings-growth ratio of 2.22 and a beta of 0.47. FirstEnergy Corporation has a 1 year low of $39.28 and a 1 year high of $52.34. The business’s 50 day simple moving average is $48.18 and its 200-day simple moving average is $47.54. 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 (EPS) for the quarter, hitting the consensus estimate of $0.72. The business 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 company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, equities analysts expect that FirstEnergy Corporation will post 2.73 earnings per share for the current fiscal 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.