Louisiana State Employees Retirement System Takes Position in FirstEnergy Corporation $FE

Louisiana State Employees Retirement System acquired a new position in shares of FirstEnergy Corporation (NYSE:FE) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 26,500 shares of the utilities provider’s stock, valued at approximately $1,342,000.

Several other institutional investors have also recently added to or reduced their stakes in FE. State of Wyoming acquired a new position in FirstEnergy during the second quarter worth $25,000. Olistico Wealth LLC acquired a new position in FirstEnergy in the 4th quarter valued at about $31,000. DV Equities LLC acquired a new position in FirstEnergy in the 4th quarter valued at about $33,000. Quest 10 Wealth Builders Inc. increased its stake in FirstEnergy by 507.9% during 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 during the period. Finally, Summit Securities Group LLC lifted its position in shares of FirstEnergy by 148.0% during 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 and hedge funds own 89.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FE. TD Cowen upgraded shares of FirstEnergy from a “hold” rating to a “buy” rating and dropped their price objective for the company from $56.00 to $53.00 in a report on Friday, May 15th. UBS Group increased their target price on shares of FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. Barclays raised their price target on shares of FirstEnergy from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. New Street Research set a $52.00 price objective on FirstEnergy in a research note on Tuesday, April 21st. Finally, Jefferies Financial Group increased their price objective on FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, April 21st. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $52.23.

FirstEnergy Trading Up 3.0%

NYSE:FE opened at $48.48 on Friday. The stock has a market cap of $28.04 billion, a P/E ratio of 26.35, a P/E/G ratio of 2.26 and a beta of 0.47. FirstEnergy Corporation has a 1 year low of $39.34 and a 1 year high of $52.34. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.42 and a current ratio of 0.52. The stock has a 50-day simple moving average of $46.57 and a 200-day simple moving average of $47.68.

FirstEnergy (NYSE:FE) last released 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. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The company had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter last year, the company earned $0.67 earnings per share. The firm’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. As a group, analysts anticipate that FirstEnergy Corporation will post 2.73 earnings per share for the current fiscal year.

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.