California Public Employees Retirement System Reduces Stock Holdings in FirstEnergy Corporation $FE

California Public Employees Retirement System lowered its stake in shares of FirstEnergy Corporation (NYSE:FE) by 11.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,829,096 shares of the utilities provider’s stock after selling 244,808 shares during the quarter. California Public Employees Retirement System’s holdings in FirstEnergy were worth $92,662,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Eurizon Capital SGR S.p.A. bought a new stake in FirstEnergy in the fourth quarter worth $123,018,000. BROOKFIELD Corp ON bought a new position in FirstEnergy during the fourth quarter valued at $110,332,000. Boston Partners increased its position in FirstEnergy by 13.5% during the third quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock valued at $841,161,000 after acquiring an additional 2,185,400 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of FirstEnergy by 56.0% in the fourth quarter. Victory Capital Management Inc. now owns 5,506,251 shares of the utilities provider’s stock valued at $246,515,000 after acquiring an additional 1,977,504 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of FirstEnergy by 11,305.6% in the fourth 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 period. Hedge funds and other institutional investors own 89.41% of the company’s stock.

FirstEnergy Stock Up 0.0%

NYSE:FE opened at $48.53 on Monday. FirstEnergy Corporation has a twelve month low of $40.50 and a twelve month high of $52.34. The company has a market cap of $28.07 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 2.32 and a beta of 0.47. The stock has a fifty day simple moving average of $46.74 and a 200-day simple moving average of $47.98. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 1.87.

FirstEnergy (NYSE:FE) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.72. The firm had revenue of $4.20 billion during 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 revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Analysts anticipate that FirstEnergy Corporation will post 2.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on FE. TD Cowen raised shares of FirstEnergy from a “hold” rating to a “buy” rating and dropped their price target for the stock from $56.00 to $53.00 in a research note on Friday, May 15th. New Street Research set a $52.00 price objective on shares of FirstEnergy in a research report on Tuesday, April 21st. UBS Group raised their price objective on shares of FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Morgan Stanley restated an “overweight” rating and set a $52.00 target price on shares of FirstEnergy in a research report on Wednesday, June 24th. Finally, Barclays upped their target price on FirstEnergy from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, FirstEnergy has a consensus rating of “Moderate Buy” and an average price target of $52.75.

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.