Rep. Dan Newhouse Purchases Shares of FirstEnergy Corporation (NYSE:FE)

Representative Dan Newhouse (Republican-Washington) recently bought shares of FirstEnergy Corporation (NYSE:FE). In a filing disclosed on July 17th, the Representative disclosed that they had bought between $1,001 and $15,000 in FirstEnergy stock on July 10th. The trade occurred in the Representative’s “EDWARD JONES IRA” account.

Representative Dan Newhouse also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of Deere & Company (NYSE:DE) on 7/10/2026.
• Purchased $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 7/10/2026.
• Purchased $1,001 – $15,000 in shares of Duke Energy (NYSE:DUK) on 7/10/2026.
• Purchased $1,001 – $15,000 in shares of Amcor (NYSE:AMCR) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of Fortinet (NASDAQ:FTNT) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of Magna International (NYSE:MGA) on 7/10/2026.
• Purchased $1,001 – $15,000 in shares of Accenture (NYSE:ACN) on 7/10/2026.

FirstEnergy Trading Up 0.1%

FE opened at $48.57 on Tuesday. FirstEnergy Corporation has a 12-month low of $40.70 and a 12-month high of $52.34. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.52 and a quick ratio of 0.42. The stock has a market capitalization of $28.09 billion, a PE ratio of 26.40, a P/E/G ratio of 2.32 and a beta of 0.47. The firm’s fifty day moving average price is $46.82 and its 200 day moving average price is $48.00.

FirstEnergy (NYSE:FE) last released its earnings results 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 company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter last year, the business posted $0.67 EPS. FirstEnergy’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, research analysts expect that FirstEnergy Corporation will post 2.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FE has been the topic of a number of research reports. Weiss Ratings cut FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 17th. Wells Fargo & Company restated an “overweight” rating and set a $55.00 price target on shares of FirstEnergy in a research report on Tuesday, April 21st. Morgan Stanley restated an “overweight” rating and issued a $52.00 target price on shares of FirstEnergy in a research report on Wednesday, June 24th. TD Cowen raised FirstEnergy from a “hold” rating to a “buy” rating and cut their price target for the company from $56.00 to $53.00 in a report on Friday, May 15th. Finally, Wolfe Research downgraded FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.92.

Hedge Funds Weigh In On FirstEnergy

Large investors have recently made changes to their positions in the business. JFS Wealth Advisors LLC grew its holdings in shares of FirstEnergy by 7.3% in the 2nd quarter. JFS Wealth Advisors LLC now owns 4,564 shares of the utilities provider’s stock worth $217,000 after acquiring an additional 311 shares during the last quarter. Tema ETFs LLC boosted its holdings in shares of FirstEnergy by 9.8% in the second quarter. Tema ETFs LLC now owns 11,355 shares of the utilities provider’s stock worth $540,000 after buying an additional 1,015 shares during the period. Fulton Bank N.A. increased its position in shares of FirstEnergy by 5.0% in the second quarter. Fulton Bank N.A. now owns 79,670 shares of the utilities provider’s stock worth $3,788,000 after acquiring an additional 3,792 shares in the last quarter. First Bank & Trust raised its holdings in shares of FirstEnergy by 14.7% during the second quarter. First Bank & Trust now owns 42,560 shares of the utilities provider’s stock valued at $2,023,000 after acquiring an additional 5,467 shares during the period. Finally, Everhart Financial Group Inc. lifted its position in shares of FirstEnergy by 10.5% in the 2nd quarter. Everhart Financial Group Inc. now owns 14,001 shares of the utilities provider’s stock valued at $666,000 after acquiring an additional 1,333 shares in the last quarter. Institutional investors own 89.41% of the company’s stock.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington’s 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington’s 4th Congressional District. He won in the general election on November 5, 2024.

Click here to see Newhouse’s key votes in Congress.

Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013.

Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

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.