IRON Financial LLC Invests $859,000 in FirstEnergy Corporation $FE

IRON Financial LLC bought a new stake in FirstEnergy Corporation (NYSE:FE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,963 shares of the utilities provider’s stock, valued at approximately $859,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC acquired a new position in FirstEnergy in the 4th quarter valued at about $256,000. Integrated Wealth Concepts LLC purchased a new stake in shares of FirstEnergy in the first quarter valued at about $289,000. Empowered Funds LLC raised its stake in shares of FirstEnergy by 7.0% during the 1st quarter. Empowered Funds LLC now owns 11,213 shares of the utilities provider’s stock worth $453,000 after buying an additional 732 shares in the last quarter. Woodline Partners LP lifted 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 valued at $1,752,000 after acquiring an additional 12,531 shares during the period. Finally, Focus Partners Wealth lifted its position in shares of FirstEnergy by 6.8% during the 1st quarter. Focus Partners Wealth now owns 21,178 shares of the utilities provider’s stock valued at $856,000 after acquiring an additional 1,340 shares during the period. Hedge funds and other institutional investors own 89.41% of the company’s stock.

FirstEnergy Stock Performance

Shares of NYSE:FE opened at $48.48 on Friday. The business’s 50-day simple moving average is $46.57 and its 200 day simple moving average is $47.69. The company 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 company has a debt-to-equity ratio of 1.87, a quick ratio of 0.42 and a current ratio of 0.52. FirstEnergy Corporation has a one year low of $39.34 and a one year high of $52.34.

FirstEnergy (NYSE:FE) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share 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 firm had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the prior year, the business earned $0.67 EPS. FirstEnergy’s quarterly revenue was up 11.6% compared to the same quarter last year. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, sell-side analysts forecast that FirstEnergy Corporation will post 2.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Weiss Ratings downgraded shares of 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 note on Tuesday, April 21st. Wolfe Research cut shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. UBS Group lifted their target price on shares of FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of FirstEnergy from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company 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.