Pacer Advisors Inc. Grows Holdings in FirstEnergy Corporation $FE

Pacer Advisors Inc. grew its position in shares of FirstEnergy Corporation (NYSE:FE) by 27.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,538 shares of the utilities provider’s stock after purchasing an additional 13,572 shares during the period. Pacer Advisors Inc.’s holdings in FirstEnergy were worth $2,800,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eurizon Capital SGR S.p.A. purchased a new position in shares of FirstEnergy during the fourth quarter valued at approximately $123,018,000. BROOKFIELD Corp ON purchased a new stake in FirstEnergy in the 4th quarter worth approximately $110,332,000. Boston Partners grew its stake in FirstEnergy by 13.5% in the 3rd quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock worth $841,161,000 after acquiring an additional 2,185,400 shares during the period. Victory Capital Management Inc. raised its holdings 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 acquiring an additional 1,977,504 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings 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 acquiring an additional 1,957,673 shares during the last quarter. 89.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FE. Weiss Ratings cut FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 17th. Jefferies Financial Group upped their target price on FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. increased their target price on FirstEnergy from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Barclays raised their price target on FirstEnergy from $50.00 to $53.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Finally, New Street Research set a $52.00 price target on FirstEnergy in a 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, the company has an average rating of “Moderate Buy” and a consensus target price of $52.08.

FirstEnergy Stock Performance

NYSE:FE opened at $47.48 on Wednesday. The company has a market cap of $27.46 billion, a P/E ratio of 25.80, a P/E/G ratio of 2.24 and a beta of 0.47. The firm’s 50 day moving average is $46.89 and its two-hundred day moving average is $47.52. FirstEnergy Corporation has a fifty-two week low of $39.34 and a fifty-two week high of $52.34. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 1.87.

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 the consensus estimate of $0.72. The company 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 period in the previous year, the company earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Analysts expect that FirstEnergy Corporation will post 2.73 EPS for the current year.

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.