FirstEnergy Corporation $FE Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in FirstEnergy Corporation (NYSE:FE) by 14.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,021,430 shares of the utilities provider’s stock after buying an additional 128,044 shares during the period. Hsbc Holdings PLC owned 0.18% of FirstEnergy worth $45,764,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FE. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of FirstEnergy during the 4th quarter worth about $42,000. Bayban bought a new position in shares of FirstEnergy in the fourth quarter valued at approximately $56,000. Pacer Advisors Inc. increased its stake in shares of FirstEnergy by 27.7% during the fourth quarter. Pacer Advisors Inc. now owns 62,538 shares of the utilities provider’s stock valued at $2,800,000 after acquiring an additional 13,572 shares during the period. Compound Planning Inc. raised its holdings in FirstEnergy by 11.3% during the fourth quarter. Compound Planning Inc. now owns 5,058 shares of the utilities provider’s stock worth $226,000 after purchasing an additional 513 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in FirstEnergy by 0.3% during the fourth quarter. Invesco Ltd. now owns 11,722,471 shares of the utilities provider’s stock worth $524,815,000 after purchasing an additional 34,014 shares in the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Price Performance

Shares of NYSE:FE opened at $47.48 on Wednesday. The company has a market capitalization of $27.46 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 2.24 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 stock has a fifty day moving average of $46.89 and a 200-day moving average of $47.52. FirstEnergy Corporation has a one year low of $39.34 and a one year high of $52.34.

FirstEnergy (NYSE:FE) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.72. The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $3.80 billion. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, equities analysts anticipate that FirstEnergy Corporation will post 2.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on FE. TD Cowen raised FirstEnergy from a “hold” rating to a “buy” rating and decreased their price target for the company from $56.00 to $53.00 in a research note on Friday, May 15th. Weiss Ratings downgraded FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 17th. JPMorgan Chase & Co. upped their price objective on FirstEnergy from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. UBS Group raised their target price on FirstEnergy from $50.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Finally, Wolfe Research lowered FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.