Boston Partners Sells 558,467 Shares of FirstEnergy Corporation $FE

Boston Partners reduced its holdings in shares of FirstEnergy Corporation (NYSE:FE) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,785,936 shares of the utilities provider’s stock after selling 558,467 shares during the period. FirstEnergy accounts for about 0.8% of Boston Partners’ investment portfolio, making the stock its 20th largest holding. Boston Partners owned about 3.08% of FirstEnergy worth $796,671,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FE. Capital World Investors raised its holdings in shares of FirstEnergy by 0.4% during the third quarter. Capital World Investors now owns 78,328,151 shares of the utilities provider’s stock valued at $3,588,992,000 after purchasing an additional 305,531 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of FirstEnergy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 68,109,341 shares of the utilities provider’s stock worth $3,049,255,000 after buying an additional 761,157 shares in the last quarter. Geode Capital Management LLC raised its stake in FirstEnergy by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 13,463,298 shares of the utilities provider’s stock valued at $600,351,000 after purchasing an additional 126,834 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in FirstEnergy by 2.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,277,257 shares of the utilities provider’s stock valued at $419,889,000 after purchasing an additional 205,618 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in FirstEnergy by 1.5% during the fourth quarter. Legal & General Group Plc now owns 4,586,712 shares of the utilities provider’s stock valued at $205,347,000 after purchasing an additional 66,529 shares in the last quarter. 89.41% of the stock is owned by hedge funds and other institutional investors.

FirstEnergy Price Performance

FirstEnergy stock opened at $46.97 on Friday. The company has a fifty day simple moving average of $47.51 and a 200-day simple moving average of $47.51. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $27.17 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 2.24 and a beta of 0.47. FirstEnergy Corporation has a 52-week low of $39.28 and a 52-week high of $52.34.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FE. JPMorgan Chase & Co. increased their target price 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. Scotiabank reiterated an “outperform” rating on shares of FirstEnergy in a report on Thursday, February 19th. 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. TD Cowen upgraded shares of FirstEnergy from a “hold” rating to a “buy” rating and lowered their price target for the company from $56.00 to $53.00 in a report on Friday, May 15th. Finally, Weiss Ratings raised shares of FirstEnergy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 2nd. 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, FirstEnergy presently has a consensus rating of “Moderate Buy” and an average target price of $52.08.

FirstEnergy Company 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.