Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires New Stake in FirstEnergy Corporation $FE

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in FirstEnergy Corporation (NYSE:FE) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 54,100 shares of the utilities provider’s stock, valued at approximately $2,741,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FE. Northwestern Mutual Wealth Management Co. raised its holdings 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 acquiring an additional 1,957,673 shares during the last quarter. Intech Investment Management LLC grew its position in shares of FirstEnergy by 42.8% in the fourth quarter. Intech Investment Management LLC now owns 85,247 shares of the utilities provider’s stock valued at $3,817,000 after purchasing an additional 25,571 shares in the last quarter. BW Gestao de Investimentos Ltda. acquired a new stake in shares of FirstEnergy in the fourth quarter valued at approximately $15,172,000. Vanguard Group Inc. increased its holdings in shares of FirstEnergy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 68,109,341 shares of the utilities provider’s stock valued at $3,049,255,000 after purchasing an additional 761,157 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in FirstEnergy by 2.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,277,257 shares of the utilities provider’s stock worth $419,889,000 after buying an additional 205,618 shares in the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Stock Performance

Shares of FirstEnergy stock opened at $47.70 on Tuesday. The firm has a market cap of $27.59 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 2.32 and a beta of 0.47. 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 Corporation has a 52 week low of $39.34 and a 52 week high of $52.34. The business’s fifty day simple moving average is $46.57 and its 200-day simple moving average is $47.71.

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, meeting 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 analyst estimates of $3.80 billion. During the same period in the previous year, the firm earned $0.67 EPS. FirstEnergy’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. Equities analysts forecast that FirstEnergy Corporation will post 2.74 earnings per share for the current year.

Analysts Set New Price Targets

FE has been the subject of several analyst reports. Barclays upped their target price on FirstEnergy from $50.00 to $53.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Jefferies Financial Group lifted their price target on FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a report on Tuesday, April 21st. Wells Fargo & Company reissued an “overweight” rating and issued a $55.00 price objective on shares of FirstEnergy in a report on Tuesday, April 21st. TD Cowen upgraded shares of FirstEnergy from a “hold” rating to a “buy” rating and cut their price objective for the stock from $56.00 to $53.00 in a research report on Friday, May 15th. Finally, Weiss Ratings downgraded shares of FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 17th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $52.23.

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.