Bollard Group LLC Has $9.60 Million Position in FirstEnergy Corporation $FE

Bollard Group LLC lowered its holdings in FirstEnergy Corporation (NYSE:FE) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 214,385 shares of the utilities provider’s stock after selling 13,967 shares during the quarter. Bollard Group LLC’s holdings in FirstEnergy were worth $9,598,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of FE. Eurizon Capital SGR S.p.A. acquired a new stake in FirstEnergy in the 4th quarter valued at $123,018,000. BROOKFIELD Corp ON acquired a new stake in FirstEnergy in the 4th quarter valued at $110,332,000. Boston Partners grew its position in 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 purchasing an additional 2,185,400 shares during the period. Victory Capital Management Inc. grew its position in FirstEnergy by 56.0% in the 4th quarter. Victory Capital Management Inc. now owns 5,506,251 shares of the utilities provider’s stock valued at $246,515,000 after purchasing an additional 1,977,504 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in FirstEnergy by 11,305.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,974,989 shares of the utilities provider’s stock valued at $81,699,000 after purchasing an additional 1,957,673 shares during the period. Institutional investors and hedge funds own 89.41% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on FE shares. Scotiabank reissued an “outperform” rating on shares of FirstEnergy in a research report on Thursday, February 19th. TD Cowen raised shares of FirstEnergy from a “hold” rating to a “buy” rating and reduced their price target for the company from $56.00 to $53.00 in a research report on Friday, May 15th. Wolfe Research downgraded shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $55.00 price objective on shares of FirstEnergy in a report on Tuesday, April 21st. Finally, UBS Group lifted their price objective on shares of FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.08.

FirstEnergy Trading Up 0.7%

Shares of FirstEnergy stock opened at $46.97 on Friday. FirstEnergy Corporation has a 52-week low of $39.28 and a 52-week high of $52.34. The stock’s 50-day simple moving average is $47.51 and its 200 day simple moving average is $47.51. The stock has a market capitalization of $27.17 billion, a P/E ratio of 25.53, a P/E/G ratio of 2.25 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.

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 return on equity of 10.66% and a net margin of 6.86%.The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same period in the previous year, the business posted $0.67 EPS. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, research analysts anticipate that FirstEnergy Corporation will post 2.73 EPS for the current year.

About FirstEnergy

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.