Franklin Resources Inc. Has $156.55 Million Stock Holdings in FirstEnergy Corporation $FE

Franklin Resources Inc. raised its stake in FirstEnergy Corporation (NYSE:FE) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,496,817 shares of the utilities provider’s stock after buying an additional 79,554 shares during the quarter. Franklin Resources Inc. owned 0.61% of FirstEnergy worth $156,552,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its position in FirstEnergy by 4.1% in the fourth quarter. Parallel Advisors LLC now owns 5,381 shares of the utilities provider’s stock worth $241,000 after acquiring an additional 213 shares in the last quarter. Signaturefd LLC grew its position in FirstEnergy by 4.8% in the fourth quarter. Signaturefd LLC now owns 5,181 shares of the utilities provider’s stock worth $232,000 after acquiring an additional 235 shares in the last quarter. Allworth Financial LP grew its position in FirstEnergy by 3.7% in the fourth quarter. Allworth Financial LP now owns 6,778 shares of the utilities provider’s stock worth $303,000 after acquiring an additional 241 shares in the last quarter. Intrust Bank NA grew its position in FirstEnergy by 2.7% in the fourth quarter. Intrust Bank NA now owns 9,089 shares of the utilities provider’s stock worth $407,000 after acquiring an additional 243 shares in the last quarter. Finally, IFP Advisors Inc grew its position in FirstEnergy by 3.3% in the fourth quarter. IFP Advisors Inc now owns 7,578 shares of the utilities provider’s stock worth $339,000 after acquiring an additional 244 shares in the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on FE shares. Scotiabank reaffirmed an “outperform” rating on shares of FirstEnergy in a report on Thursday, February 19th. Barclays upped their price objective on shares of FirstEnergy from $50.00 to $53.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of FirstEnergy in a report on Wednesday, February 11th. Mizuho set a $51.00 price objective on shares of FirstEnergy in a report on Thursday, February 19th. Finally, Wolfe Research downgraded shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $51.69.

FirstEnergy Trading Up 1.2%

Shares of FE stock opened at $46.48 on Thursday. FirstEnergy Corporation has a 52-week low of $39.28 and a 52-week high of $52.34. The stock has a market cap of $26.88 billion, a price-to-earnings ratio of 25.26, a P/E/G ratio of 2.20 and a beta of 0.47. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.42 and a current ratio of 0.52. The firm has a fifty day moving average of $47.67 and a 200-day moving average of $47.52.

FirstEnergy (NYSE:FE) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.72. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The company had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the prior year, the company posted $0.67 EPS. The business’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. On average, equities research analysts forecast 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.