FirstEnergy Corporation $FE Shares Acquired by Fulton Bank N.A.

Fulton Bank N.A. boosted its position in FirstEnergy Corporation (NYSE:FE) by 34.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,878 shares of the utilities provider’s stock after buying an additional 19,264 shares during the quarter. Fulton Bank N.A.’s holdings in FirstEnergy were worth $3,844,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of FirstEnergy in the 4th quarter valued at approximately $256,000. Integrated Wealth Concepts LLC bought a new position in FirstEnergy during the first quarter worth $289,000. Empowered Funds LLC boosted its holdings in FirstEnergy by 7.0% in the first quarter. Empowered Funds LLC now owns 11,213 shares of the utilities provider’s stock worth $453,000 after purchasing an additional 732 shares during the period. Woodline Partners LP boosted its holdings in FirstEnergy by 40.7% in the first quarter. Woodline Partners LP now owns 43,334 shares of the utilities provider’s stock worth $1,752,000 after purchasing an additional 12,531 shares during the period. Finally, Focus Partners Wealth increased its stake in FirstEnergy by 6.8% during the first quarter. Focus Partners Wealth now owns 21,178 shares of the utilities provider’s stock valued at $856,000 after purchasing an additional 1,340 shares during the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FE shares. JPMorgan Chase & Co. increased their target price on shares of FirstEnergy from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. TD Cowen raised shares of FirstEnergy from a “hold” rating to a “buy” rating and lowered their price objective for the company from $56.00 to $53.00 in a research report on Friday, May 15th. Barclays increased their price objective on shares of FirstEnergy from $50.00 to $53.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. New Street Research set a $52.00 target price on shares of FirstEnergy in a report on Tuesday, April 21st. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $55.00 target price on shares of FirstEnergy in a research note on Tuesday, April 21st. Seven investment 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 an average target price of $52.23.

FirstEnergy Stock Performance

Shares of FE opened at $47.07 on Thursday. The company has a market cap of $27.23 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 2.28 and a beta of 0.47. The firm has a fifty day moving average of $46.57 and a 200-day moving average of $47.65. FirstEnergy Corporation has a 1 year low of $39.34 and a 1 year high of $52.34. 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 issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, hitting 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 during the quarter, compared to analyst estimates of $3.80 billion. During the same period in the prior year, the company posted $0.67 EPS. The business’s revenue for the quarter 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, equities analysts anticipate that FirstEnergy Corporation will post 2.73 earnings per share 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.