Allstate Corp Raises Holdings in FirstEnergy Corporation $FE

Allstate Corp grew its position in shares of FirstEnergy Corporation (NYSE:FE) by 104.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,979 shares of the utilities provider’s stock after buying an additional 20,936 shares during the period. Allstate Corp’s holdings in FirstEnergy were worth $1,835,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC lifted its position in shares of FirstEnergy by 4.8% during the 4th quarter. Signaturefd LLC now owns 5,181 shares of the utilities provider’s stock valued at $232,000 after buying an additional 235 shares during the last quarter. Independent Advisor Alliance lifted its holdings in FirstEnergy by 1.0% during the 3rd quarter. Independent Advisor Alliance now owns 23,225 shares of the utilities provider’s stock worth $1,064,000 after purchasing an additional 236 shares in the last quarter. Allworth Financial LP lifted its holdings in FirstEnergy by 3.7% during the 4th quarter. Allworth Financial LP now owns 6,778 shares of the utilities provider’s stock worth $303,000 after purchasing an additional 241 shares in the last quarter. Intrust Bank NA lifted its holdings in FirstEnergy by 2.7% during the 4th quarter. Intrust Bank NA now owns 9,089 shares of the utilities provider’s stock worth $407,000 after purchasing an additional 243 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in FirstEnergy by 3.3% during the 4th quarter. IFP Advisors Inc now owns 7,578 shares of the utilities provider’s stock worth $339,000 after purchasing an additional 244 shares in the last quarter. Hedge funds and other institutional investors own 89.41% of the company’s stock.

FirstEnergy Price Performance

FE opened at $46.18 on Friday. The firm has a market cap of $26.71 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 2.24 and a beta of 0.48. FirstEnergy Corporation has a 1 year low of $39.28 and a 1 year high of $52.34. The stock’s 50 day simple moving average is $48.35 and its 200 day simple moving average is $47.54. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.52 and a quick ratio of 0.42.

FirstEnergy (NYSE:FE) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, hitting 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 return on equity of 10.66% and a net margin of 6.86%.The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, analysts predict that FirstEnergy Corporation will post 2.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FE. Wells Fargo & Company reissued an “overweight” rating and set a $55.00 price objective on shares of FirstEnergy in a report on Tuesday, April 21st. Mizuho set a $51.00 price objective on FirstEnergy in a report on Thursday, February 19th. New Street Research set a $52.00 price target on FirstEnergy in a report on Tuesday, April 21st. Jefferies Financial Group raised their price target on FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, April 21st. Finally, Wolfe Research cut FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, FirstEnergy has a consensus rating of “Moderate Buy” and a consensus target price of $51.69.

Insider Transactions at FirstEnergy

In other news, Director James F. Oneil sold 7,945 shares of FirstEnergy stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $50.60, for a total value of $402,017.00. Following the sale, the director directly owned 1,869 shares in the company, valued at approximately $94,571.40. This trade represents a 80.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jason Lisowski sold 1,373 shares of FirstEnergy stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $50.84, for a total value of $69,803.32. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 39,118 shares of company stock worth $1,989,532. 0.14% of the stock is currently owned by insiders.

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.