Harrison Street Private Wealth LLC Purchases 18,829 Shares of FirstEnergy Corporation $FE

Harrison Street Private Wealth LLC raised its position in FirstEnergy Corporation (NYSE:FE) by 58.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 51,213 shares of the utilities provider’s stock after acquiring an additional 18,829 shares during the period. FirstEnergy makes up about 3.0% of Harrison Street Private Wealth LLC’s holdings, making the stock its 19th largest position. Harrison Street Private Wealth LLC’s holdings in FirstEnergy were worth $2,219,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bryn Mawr Trust Advisors LLC bought a new position in shares of FirstEnergy in the 2nd quarter worth $9,878,000. Assenagon Asset Management S.A. increased its stake in FirstEnergy by 6,066.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 495,299 shares of the utilities provider’s stock valued at $23,547,000 after purchasing an additional 487,267 shares in the last quarter. Nykredit A S bought a new stake in FirstEnergy during the 2nd quarter valued at $1,033,000. Engineers Gate Manager LP increased its stake in FirstEnergy by 612.9% during the 2nd quarter. Engineers Gate Manager LP now owns 93,410 shares of the utilities provider’s stock valued at $4,441,000 after purchasing an additional 80,308 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in FirstEnergy by 32.9% during the 2nd quarter. Hsbc Holdings PLC now owns 1,141,365 shares of the utilities provider’s stock valued at $54,332,000 after purchasing an additional 282,866 shares in the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FE. BMO Capital Markets assumed coverage on shares of FirstEnergy in a report on Monday. They set an “outperform” rating and a $50.00 price objective on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of FirstEnergy in a report on Monday, September 14th. HSBC initiated coverage on shares of FirstEnergy in a report on Thursday, October 22nd. They set a “buy” rating and a $50.00 price objective for the company. New Street Research set a $47.00 target price on shares of FirstEnergy in a research report on Tuesday, October 13th. Finally, Wall Street Zen raised shares of FirstEnergy from a “sell” rating to a “hold” rating in a research report on Saturday, September 19th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.77.

FirstEnergy News Roundup

Here are the key news stories impacting FirstEnergy this week:

• Positive Sentiment: Q3 earnings exceeded expectations. FirstEnergy reported third-quarter GAAP earnings of $0.96 per share and Core Earnings of $0.98 per share, above the $0.90 analyst consensus and up from $0.83 in the prior-year quarter. GAAP revenue increased to $4.6 billion from $4.1 billion. FirstEnergy Q3 earnings and revenues top estimates
• Positive Sentiment: Management reaffirmed its outlook. FirstEnergy maintained its 2026 Core Earnings guidance of $2.62 to $2.82 per share and expects results at or slightly above the midpoint. It also reaffirmed expected Core Earnings compound annual growth near the upper end of its 6% to 8% target through 2030. FirstEnergy third-quarter results and long-term growth
• Positive Sentiment: Investment and large-load demand provide longer-term growth support. FirstEnergy has deployed $4.9 billion through the first nine months of 2026 under its Energize365 plan and is pursuing a five-year, $36 billion capital investment program. The company reported 7.9 gigawatts of contracted demand from large-load customers and is negotiating roughly 4 additional gigawatts, potentially benefiting future rate-base growth. FirstEnergy reports third-quarter GAAP earnings
• Positive Sentiment: BMO Capital Markets initiated coverage with an Outperform rating and a $50 price target. The target implies potential upside from the referenced share price, with the analyst citing earnings upside, multiple expansion, improving risk factors and data-center-driven electricity demand. FirstEnergy started Outperform at BMO
• Neutral Sentiment: FirstEnergy Foundation expanded housing and shelter support. The foundation announced $125,000 for seven organizations in West Virginia and Maryland, as part of $500,000 in support across five states. The initiative may strengthen community relations but is unlikely to materially affect near-term earnings. FirstEnergy Foundation shelter support

FirstEnergy Price Performance

NYSE FE opened at $46.30 on Wednesday. The business has a fifty day simple moving average of $45.45 and a 200 day simple moving average of $47.47. FirstEnergy Corporation has a 12 month low of $42.67 and a 12 month high of $52.34.

FirstEnergy (NYSE:FE) last issued its quarterly earnings data on Tuesday, October 27th. The utilities provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.08. The company had revenue of $55.00 million for the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter last year, the business posted $0.83 earnings per share. FirstEnergy’s revenue was up 12.2% on a year-over-year basis. On average, analysts anticipate that FirstEnergy Corporation will post 2.74 earnings per share for the current year.

FirstEnergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 6th will be paid a $0.4650 dividend. The ex-dividend date is Friday, November 6th. This represents a $1.86 annualized dividend and a dividend yield of 4.0%.

About FirstEnergy

FirstEnergy Corp. (NYSE: FE) is an electric utility company focused on the transmission and distribution of electricity. Through its regulated utility subsidiaries, the company delivers power to residential, commercial and industrial customers and maintains the poles, lines, substations and other infrastructure that support electric service.

FirstEnergy’s distribution operations serve customers across parts of Ohio, Pennsylvania, New Jersey, West Virginia and Maryland. Its utility companies include Ohio Edison, The Illuminating Company, Toledo Edison, Jersey Central Power & Light, Met-Ed, Penelec, Penn Power, West Penn Power, Mon Power and The Potomac Edison Company.