ING Groep NV Makes New $1.86 Million Investment in FirstEnergy Corporation $FE

ING Groep NV bought a new position in shares of FirstEnergy Corporation (NYSE:FE) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 41,519 shares of the utilities provider’s stock, valued at approximately $1,859,000.

Several other institutional investors also recently made changes to their positions in the stock. Capital International Inc. CA boosted its position in shares of FirstEnergy by 10.0% during the 4th quarter. Capital International Inc. CA now owns 623,451 shares of the utilities provider’s stock worth $27,912,000 after purchasing an additional 56,680 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of FirstEnergy during the 4th quarter worth $119,000. Nemes Rush Group LLC acquired a new position in shares of FirstEnergy during the 4th quarter worth $177,000. Havemeyer Place LP acquired a new position in shares of FirstEnergy during the 4th quarter worth $557,000. Finally, Vestcor Inc raised its stake in shares of FirstEnergy by 194.9% during the 4th quarter. Vestcor Inc now owns 53,854 shares of the utilities provider’s stock worth $2,411,000 after buying an additional 35,595 shares during the last quarter. 89.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Jefferies Financial Group lifted their price target on FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, April 21st. New Street Research set a $52.00 price target on FirstEnergy in a research note on Tuesday, April 21st. Morgan Stanley reaffirmed an “overweight” rating on shares of FirstEnergy in a research note on Wednesday, February 11th. Wolfe Research downgraded FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. lifted their price target on FirstEnergy from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $51.69.

FirstEnergy Trading Up 0.4%

Shares of FE stock opened at $45.87 on Wednesday. The firm has a 50-day moving average price of $47.75 and a 200 day moving average price of $47.52. FirstEnergy Corporation has a twelve month low of $39.28 and a twelve month high of $52.34. The company has a market capitalization of $26.53 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 2.19 and a beta of 0.47. 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 announced its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, meeting the consensus estimate of $0.72. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the previous year, the company posted $0.67 EPS. 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. Research analysts forecast that FirstEnergy Corporation will post 2.73 earnings per share for the current fiscal year.

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.