ProShare Advisors LLC Has $5.64 Million Stock Position in FirstEnergy Corporation $FE

ProShare Advisors LLC reduced its holdings in FirstEnergy Corporation (NYSE:FE) by 47.4% in the 4th quarter, HoldingsChannel reports. The fund owned 126,022 shares of the utilities provider’s stock after selling 113,534 shares during the period. ProShare Advisors LLC’s holdings in FirstEnergy were worth $5,642,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Wyoming acquired a new position in FirstEnergy in the 2nd quarter valued at approximately $25,000. Olistico Wealth LLC acquired a new position in FirstEnergy in the 4th quarter valued at approximately $31,000. Quest 10 Wealth Builders Inc. increased its position in FirstEnergy by 507.9% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 640 shares during the period. Networth Advisors LLC acquired a new stake in shares of FirstEnergy during the fourth quarter worth $40,000. Finally, GoalVest Advisory LLC increased its position in shares of FirstEnergy by 145.2% during the fourth quarter. GoalVest Advisory LLC now owns 1,091 shares of the utilities provider’s stock worth $49,000 after buying an additional 646 shares during the period. 89.41% of the stock is currently owned by institutional investors and hedge funds.

FirstEnergy Trading Up 1.9%

FE opened at $46.35 on Friday. FirstEnergy Corporation has a twelve month low of $39.28 and a twelve month high of $52.34. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 1.87. The company has a fifty day moving average of $48.73 and a 200-day moving average of $47.51. The stock has a market cap of $26.81 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 2.22 and a beta of 0.48.

FirstEnergy (NYSE:FE) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. The business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the company posted $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, sell-side analysts predict that FirstEnergy Corporation will post 2.73 EPS for the current year.

Analyst Ratings Changes

FE has been the subject of several recent analyst reports. Wolfe Research cut shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. TD Cowen upgraded shares of FirstEnergy from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $56.00 to $53.00 in a research report on Friday, May 15th. Jefferies Financial Group increased their price objective on shares of FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, April 21st. Wells Fargo & Company reiterated an “overweight” rating and set a $55.00 price objective on shares of FirstEnergy in a research report on Tuesday, April 21st. Finally, Weiss Ratings cut shares of FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, FirstEnergy has a consensus rating of “Moderate Buy” and an average target price of $51.69.

Insiders Place Their Bets

In other FirstEnergy news, CFO Jon Taylor K. sold 26,800 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $50.94, for a total value of $1,365,192.00. Following the completion of the sale, the chief financial officer directly owned 119,552 shares in the company, valued at approximately $6,089,978.88. This trade represents a 18.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jason Lisowski sold 1,373 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $50.84, for a total transaction of $69,803.32. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 39,118 shares of company stock worth $1,989,532. 0.14% of the stock is currently owned by company insiders.

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.