FirstEnergy Corporation $FE Position Lifted by Assetmark Inc.

Assetmark Inc. grew its stake in shares of FirstEnergy Corporation (NYSE:FE) by 30.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 74,246 shares of the utilities provider’s stock after purchasing an additional 17,438 shares during the quarter. Assetmark Inc.’s holdings in FirstEnergy were worth $3,761,000 as of its most recent SEC filing.

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

FirstEnergy Stock Performance

Shares of NYSE FE opened at $49.28 on Thursday. FirstEnergy Corporation has a 12-month low of $41.03 and a 12-month high of $52.34. The company has a market cap of $28.51 billion, a PE ratio of 26.78, a P/E/G ratio of 2.32 and a beta of 0.47. The stock has a 50 day simple moving average of $46.99 and a 200-day simple moving average of $48.06. 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 quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, meeting analysts’ consensus estimates of $0.72. The company 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 company’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 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, equities research analysts forecast that FirstEnergy Corporation will post 2.74 EPS for the current year.

Wall Street Analysts Forecast Growth

FE has been the topic of a number of research analyst reports. Wolfe Research downgraded FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. New Street Research set a $52.00 price target on FirstEnergy in a report on Tuesday, April 21st. UBS Group upped their price target on FirstEnergy from $50.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. Morgan Stanley restated an “overweight” rating on shares of FirstEnergy in a research note on Wednesday. Finally, Weiss Ratings downgraded shares of FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 17th. 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.com, FirstEnergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.92.

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.