Harrison Street Private Wealth LLC Makes New $562,000 Investment in FirstEnergy Corporation $FE

Harrison Street Private Wealth LLC purchased a new stake in FirstEnergy Corporation (NYSE:FE) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,097 shares of the utilities provider’s stock, valued at approximately $562,000. FirstEnergy accounts for about 0.7% of Harrison Street Private Wealth LLC’s holdings, making the stock its 21st biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Keybank National Association OH grew its position in shares of FirstEnergy by 33.0% during the 1st quarter. Keybank National Association OH now owns 22,529 shares of the utilities provider’s stock worth $1,141,000 after buying an additional 5,589 shares during the period. Root Financial Partners LLC lifted its position in shares of FirstEnergy by 148.8% during the 1st quarter. Root Financial Partners LLC now owns 1,229 shares of the utilities provider’s stock valued at $62,000 after acquiring an additional 735 shares during the period. Fulton Bank N.A. lifted its position in shares of FirstEnergy by 34.0% during the 1st quarter. Fulton Bank N.A. now owns 75,878 shares of the utilities provider’s stock valued at $3,844,000 after acquiring an additional 19,264 shares during the period. IFM Investors Pty Ltd boosted its stake in FirstEnergy by 1.9% during the first quarter. IFM Investors Pty Ltd now owns 162,568 shares of the utilities provider’s stock worth $8,236,000 after acquiring an additional 3,104 shares in the last quarter. Finally, iA Global Asset Management Inc. bought a new position in FirstEnergy during the first quarter worth $2,370,000. 89.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on FE. TD Cowen raised shares of 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 cut shares of FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 17th. New Street Research set a $52.00 target price on FirstEnergy in a research note on Tuesday, April 21st. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $55.00 target price on shares of FirstEnergy in a research report on Tuesday, April 21st. Finally, Jefferies Financial Group upped their price target on FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, April 21st. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, FirstEnergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.23.

FirstEnergy Stock Performance

NYSE FE opened at $48.48 on Friday. The company has a market cap of $28.04 billion, a P/E ratio of 26.35, a PEG ratio of 2.26 and a beta of 0.47. The company has a fifty day simple moving average of $46.57 and a 200 day simple moving average of $47.68. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 1.87. FirstEnergy Corporation has a 12-month low of $39.34 and a 12-month high of $52.34.

FirstEnergy (NYSE:FE) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. The business’s revenue was up 11.6% on a year-over-year basis. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Sell-side analysts predict that FirstEnergy Corporation will post 2.73 earnings per share for the current fiscal year.

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.