BI Asset Management Fondsmaeglerselskab A S Buys 59,923 Shares of FirstEnergy Corporation $FE

BI Asset Management Fondsmaeglerselskab A S increased its stake in FirstEnergy Corporation (NYSE:FE) by 223.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 86,717 shares of the utilities provider’s stock after buying an additional 59,923 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in FirstEnergy were worth $4,393,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake 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 worth $81,699,000 after purchasing an additional 1,957,673 shares in the last quarter. Harvest Portfolios Group Inc. grew its position in FirstEnergy by 15.3% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 208,941 shares of the utilities provider’s stock valued at $9,574,000 after purchasing an additional 27,655 shares during the last quarter. Vanguard Group Inc. increased its stake in FirstEnergy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 68,109,341 shares of the utilities provider’s stock valued at $3,049,255,000 after purchasing an additional 761,157 shares in the last quarter. Intech Investment Management LLC increased its stake in FirstEnergy by 42.8% during the 4th quarter. Intech Investment Management LLC now owns 85,247 shares of the utilities provider’s stock valued at $3,817,000 after purchasing an additional 25,571 shares in the last quarter. Finally, Brighton Jones LLC purchased a new position in FirstEnergy in the fourth quarter worth about $256,000. Institutional investors own 89.41% of the company’s stock.

FirstEnergy Price Performance

FE opened at $46.76 on Tuesday. 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 $27.05 billion, a P/E ratio of 25.41, a P/E/G ratio of 2.23 and a beta of 0.47. The company’s 50-day simple moving average is $46.97 and its two-hundred day simple moving average is $47.51. FirstEnergy Corporation has a 52-week low of $39.34 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 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same period in the previous year, the business posted $0.67 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, analysts predict that FirstEnergy Corporation will post 2.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wolfe Research downgraded shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Wells Fargo & Company reissued an “overweight” rating and set a $55.00 price target on shares of FirstEnergy in a research report on Tuesday, April 21st. UBS Group boosted 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, June 11th. Barclays upped their price objective on FirstEnergy from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Finally, Weiss Ratings downgraded FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 17th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $52.08.

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.