FirstEnergy Corporation $FE Stock Position Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in FirstEnergy Corporation (NYSE:FE) by 21.9% during the first quarter, HoldingsChannel.com reports. The fund owned 169,516 shares of the utilities provider’s stock after buying an additional 30,482 shares during the period. Janney Montgomery Scott LLC’s holdings in FirstEnergy were worth $8,588,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research analysts have commented on the stock. Jefferies Financial Group raised their target price on shares of FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a report on Tuesday, April 21st. UBS Group boosted their price target on shares of FirstEnergy from $50.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. Morgan Stanley restated an “overweight” rating and issued a $52.00 price target on shares of FirstEnergy in a research report on Wednesday, June 24th. New Street Research set a $52.00 price objective on shares of FirstEnergy in a research note on Tuesday, April 21st. Finally, Wolfe Research cut shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.23.

FirstEnergy Stock Down 0.1%

Shares of FirstEnergy stock opened at $48.48 on Friday. The stock has a 50-day moving average price of $46.57 and a 200 day moving average price of $47.69. The company has a market cap of $28.04 billion, a P/E ratio of 26.35, a P/E/G ratio of 2.32 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 Corporation has a 1 year low of $39.34 and a 1 year high of $52.34.

FirstEnergy (NYSE:FE) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same period last year, the company posted $0.67 EPS. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, analysts expect that FirstEnergy Corporation will post 2.74 EPS 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.