SVB Wealth LLC Makes New Investment in FirstEnergy Corporation $FE

SVB Wealth LLC acquired a new stake in FirstEnergy Corporation (NYSE:FE) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 86,490 shares of the utilities provider’s stock, valued at approximately $4,382,000.

Several other large investors also recently modified their holdings of the stock. Parallel Advisors LLC boosted its holdings in shares of FirstEnergy by 4.1% during the 4th quarter. Parallel Advisors LLC now owns 5,381 shares of the utilities provider’s stock worth $241,000 after buying an additional 213 shares during the period. Dorsey & Whitney Trust CO LLC raised its holdings in FirstEnergy by 5.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,677 shares of the utilities provider’s stock valued at $209,000 after acquiring an additional 223 shares during the period. Signaturefd LLC lifted its position in FirstEnergy by 4.8% during the fourth quarter. Signaturefd LLC now owns 5,181 shares of the utilities provider’s stock worth $232,000 after acquiring an additional 235 shares during the last quarter. Allworth Financial LP lifted its position in FirstEnergy by 3.7% during the fourth quarter. Allworth Financial LP now owns 6,778 shares of the utilities provider’s stock worth $303,000 after acquiring an additional 241 shares during the last quarter. Finally, Intrust Bank NA boosted its holdings in shares of FirstEnergy by 2.7% during the fourth quarter. Intrust Bank NA now owns 9,089 shares of the utilities provider’s stock worth $407,000 after acquiring an additional 243 shares during the period. 89.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FE has been the topic of several research reports. Weiss Ratings downgraded FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 17th. New Street Research set a $52.00 price target on FirstEnergy in a report on Tuesday, April 21st. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $55.00 price objective on shares of FirstEnergy in a report on Tuesday, April 21st. Jefferies Financial Group increased their price objective on FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, April 21st. Finally, Wolfe Research downgraded FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $52.08.

FirstEnergy Stock Up 0.7%

Shares of FE opened at $46.76 on Tuesday. 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 Corporation has a 12 month low of $39.34 and a 12 month high of $52.34. The firm’s 50 day moving average is $46.97 and its 200-day moving average is $47.51. The stock has a market capitalization of $27.05 billion, a PE ratio of 25.41, a P/E/G ratio of 2.23 and a beta of 0.47.

FirstEnergy (NYSE:FE) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 return on equity of 10.66% and a net margin of 6.86%.The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Equities research analysts forecast that FirstEnergy Corporation will post 2.73 EPS for the current year.

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.