FirstEnergy Corporation $FE Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its position in shares of FirstEnergy Corporation (NYSE:FE) by 99.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 8,032 shares of the utilities provider’s stock after selling 917,778 shares during the period. Assenagon Asset Management S.A.’s holdings in FirstEnergy were worth $407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Eurizon Capital SGR S.p.A. acquired a new position in shares of FirstEnergy during the fourth quarter valued at $123,018,000. BROOKFIELD Corp ON acquired a new stake in shares of FirstEnergy in the 4th quarter worth about $110,332,000. Boston Partners increased its holdings in shares of 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. lifted its position 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 purchasing an additional 1,977,504 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position 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 purchasing an additional 1,957,673 shares during the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Stock Performance

Shares of NYSE FE opened at $48.48 on Friday. FirstEnergy Corporation has a 1 year low of $39.34 and a 1 year high of $52.34. The firm has a market cap of $28.04 billion, a P/E ratio of 26.35, a PEG ratio of 2.32 and a beta of 0.47. The stock has a fifty day moving average price of $46.57 and a two-hundred day moving average price of $47.69. 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 posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Research analysts forecast that FirstEnergy Corporation will post 2.74 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barclays upped their target price on shares of FirstEnergy from $50.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Weiss Ratings cut FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 17th. New Street Research set a $52.00 price objective on FirstEnergy in a research report on Tuesday, April 21st. Morgan Stanley reissued an “overweight” rating and issued a $52.00 price objective on shares of FirstEnergy in a report on Wednesday, June 24th. Finally, Jefferies Financial Group raised their target price on FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, April 21st. Seven 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 an average rating of “Moderate Buy” and an average target price of $52.23.

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.