Commonwealth Equity Services LLC Sells 16,227 Shares of FirstEnergy Corporation $FE

Commonwealth Equity Services LLC lessened its holdings in FirstEnergy Corporation (NYSE:FE) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,033 shares of the utilities provider’s stock after selling 16,227 shares during the quarter. Commonwealth Equity Services LLC’s holdings in FirstEnergy were worth $5,419,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Capital World Investors raised its holdings in FirstEnergy by 0.4% in the 3rd quarter. Capital World Investors now owns 78,328,151 shares of the utilities provider’s stock valued at $3,588,992,000 after buying an additional 305,531 shares during the last quarter. Vanguard Group Inc. raised its holdings in FirstEnergy by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 68,109,341 shares of the utilities provider’s stock valued at $3,049,255,000 after buying an additional 761,157 shares during the last quarter. Boston Partners raised its holdings in FirstEnergy by 13.5% in the 3rd quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock valued at $841,161,000 after buying an additional 2,185,400 shares during the last quarter. Geode Capital Management LLC raised its holdings in FirstEnergy by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 13,463,298 shares of the utilities provider’s stock valued at $600,351,000 after buying an additional 126,834 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in FirstEnergy by 2.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,277,257 shares of the utilities provider’s stock valued at $419,889,000 after buying an additional 205,618 shares during the last quarter. Institutional investors own 89.41% of the company’s stock.

FirstEnergy Trading Up 1.8%

Shares of FirstEnergy stock opened at $46.44 on Friday. FirstEnergy Corporation has a 52-week low of $39.28 and a 52-week high of $52.34. The stock’s 50-day simple moving average is $47.92 and its 200 day simple moving average is $47.52. The stock has a market capitalization of $26.86 billion, a P/E ratio of 25.24, a P/E/G ratio of 2.22 and a beta of 0.47. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.42 and a current ratio of 0.52.

FirstEnergy (NYSE:FE) last announced its quarterly earnings data 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 business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $3.80 billion. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, research analysts anticipate that FirstEnergy Corporation will post 2.73 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FE shares. Jefferies Financial Group raised their price objective on shares of FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, April 21st. Mizuho set a $51.00 price objective on shares of FirstEnergy in a report on Thursday, February 19th. Barclays raised their price objective on shares of FirstEnergy from $50.00 to $53.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Scotiabank restated an “outperform” rating on shares of FirstEnergy in a report on Thursday, February 19th. Finally, Weiss Ratings upgraded shares of FirstEnergy from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $51.69.

Insider Transactions at FirstEnergy

In other FirstEnergy news, CFO Jon Taylor K. sold 26,800 shares of FirstEnergy stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $50.94, for a total transaction of $1,365,192.00. Following the completion of the transaction, the chief financial officer owned 119,552 shares of the company’s stock, valued at $6,089,978.88. The trade was a 18.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James F. Oneil sold 7,945 shares of FirstEnergy stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $50.60, for a total value of $402,017.00. Following the transaction, the director directly owned 1,869 shares of the company’s stock, valued at $94,571.40. The trade was a 80.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.14% of the stock is 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.