Alps Advisors Inc. Boosts Stake in FirstEnergy Corporation $FE

Alps Advisors Inc. increased its position in shares of FirstEnergy Corporation (NYSE:FE) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 592,645 shares of the utilities provider’s stock after purchasing an additional 12,509 shares during the period. Alps Advisors Inc.’s holdings in FirstEnergy were worth $26,533,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FE. State of Wyoming acquired a new stake in FirstEnergy during the second quarter worth about $25,000. Olistico Wealth LLC acquired a new stake in FirstEnergy during the fourth quarter worth about $31,000. Quest 10 Wealth Builders Inc. increased its position in FirstEnergy by 507.9% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 640 shares during the last quarter. Networth Advisors LLC acquired a new stake in FirstEnergy during the fourth quarter worth about $40,000. Finally, WFA of San Diego LLC acquired a new stake in FirstEnergy during the second quarter worth about $46,000. 89.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FE shares. Wolfe Research cut shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Barclays lifted their price target on shares of FirstEnergy from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Weiss Ratings upgraded shares of FirstEnergy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 2nd. New Street Research set a $52.00 price target on shares of FirstEnergy in a research report on Tuesday, April 21st. Finally, Jefferies Financial Group lifted their price target on shares of FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, FirstEnergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.08.

FirstEnergy Trading Up 0.7%

Shares of FE stock opened at $46.73 on Friday. 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 stock has a market capitalization of $27.03 billion, a P/E ratio of 25.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.47. The company has a 50 day moving average price of $47.59 and a 200 day moving average price of $47.51. FirstEnergy Corporation has a fifty-two week low of $39.28 and a fifty-two week high of $52.34.

FirstEnergy (NYSE:FE) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.72. The firm had revenue of $4.20 billion during 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%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Equities research analysts predict that FirstEnergy Corporation will post 2.73 EPS 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.