Andra AP fonden Purchases 160,200 Shares of FirstEnergy Corporation $FE

Andra AP fonden boosted its position in FirstEnergy Corporation (NYSE:FE) by 223.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 232,013 shares of the utilities provider’s stock after purchasing an additional 160,200 shares during the period. Andra AP fonden’s holdings in FirstEnergy were worth $11,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. State of Wyoming bought a new position in FirstEnergy in the 2nd quarter worth about $25,000. Olistico Wealth LLC bought a new stake in shares of FirstEnergy during the fourth quarter valued at approximately $31,000. DV Equities LLC purchased a new stake in shares of FirstEnergy in the fourth quarter valued at approximately $33,000. Quest 10 Wealth Builders Inc. grew its stake in FirstEnergy by 507.9% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 640 shares in the last quarter. Finally, Summit Securities Group LLC grew its stake in FirstEnergy by 148.0% in the fourth quarter. Summit Securities Group LLC now owns 771 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 2,376 shares in the last quarter. Institutional investors own 89.41% of the company’s stock.

FirstEnergy Stock Performance

Shares of FirstEnergy stock opened at $48.34 on Wednesday. The company has a 50 day moving average price of $46.89 and a 200 day moving average price of $48.03. The firm has a market capitalization of $27.96 billion, a P/E ratio of 26.27, a PEG 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 $41.03 and a 52 week high of $52.34.

FirstEnergy (NYSE:FE) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.72. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.80 billion. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Sell-side analysts expect that FirstEnergy Corporation will post 2.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FE. Weiss Ratings lowered shares of FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 17th. Barclays upped their price target on shares of FirstEnergy from $53.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday. Wolfe Research downgraded shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Wells Fargo & Company restated an “overweight” rating and set a $55.00 target price on shares of FirstEnergy in a report on Tuesday, April 21st. Finally, TD Cowen upgraded shares of FirstEnergy from a “hold” rating to a “buy” rating and reduced their target price for the stock from $56.00 to $53.00 in a report on Friday, May 15th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.92.

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.