Elevation Point Wealth Partners LLC Makes New Investment in FirstEnergy Corporation $FE

Elevation Point Wealth Partners LLC acquired a new stake in FirstEnergy Corporation (NYSE:FE) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 25,327 shares of the utilities provider’s stock, valued at approximately $1,283,000.

Other institutional investors also recently modified their holdings of the company. State of Wyoming acquired a new position in shares of FirstEnergy during the second quarter worth approximately $25,000. Olistico Wealth LLC acquired a new stake in shares of FirstEnergy in the fourth quarter valued at approximately $31,000. DV Equities LLC bought a new position in FirstEnergy in the 4th quarter worth approximately $33,000. Pinnacle Bancorp Inc. raised its position in FirstEnergy by 44.4% in the 1st quarter. Pinnacle Bancorp Inc. now owns 754 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 232 shares during the last quarter. Finally, Quest 10 Wealth Builders Inc. lifted its holdings in FirstEnergy by 507.9% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock worth $34,000 after buying an additional 640 shares in the last quarter. 89.41% of the stock is owned by institutional investors.

FirstEnergy Trading Down 1.7%

Shares of NYSE FE opened at $47.70 on Tuesday. The company’s fifty day moving average is $46.57 and its 200-day moving average is $47.71. The stock has a market cap of $27.59 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 2.32 and a beta of 0.47. FirstEnergy Corporation has a twelve month low of $39.34 and a twelve month 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 posted its earnings results 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 return on equity of 10.66% and a net margin of 6.86%.The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same period in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Equities research analysts predict that FirstEnergy Corporation will post 2.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FE shares. Wells Fargo & Company reiterated an “overweight” rating and issued a $55.00 price objective on shares of FirstEnergy in a research report on Tuesday, April 21st. New Street Research set a $52.00 target price on FirstEnergy in a research report on Tuesday, April 21st. JPMorgan Chase & Co. upped their price target on FirstEnergy from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Wolfe Research lowered FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Morgan Stanley reissued an “overweight” rating and set a $52.00 price objective on shares of FirstEnergy in a report on Wednesday, June 24th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.23.

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.