Bollard Group LLC Sells 13,967 Shares of FirstEnergy Corporation $FE

Bollard Group LLC reduced its position in FirstEnergy Corporation (NYSE:FE) by 6.1% during the fourth quarter, HoldingsChannel reports. The fund owned 214,385 shares of the utilities provider’s stock after selling 13,967 shares during the quarter. Bollard Group LLC’s holdings in FirstEnergy were worth $9,598,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in FE. Eurizon Capital SGR S.p.A. purchased a new position in FirstEnergy during the 4th quarter valued at about $123,018,000. BROOKFIELD Corp ON purchased a new position in FirstEnergy during the 4th quarter valued at about $110,332,000. Boston Partners grew its holdings in FirstEnergy by 13.5% during the 3rd quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock valued at $841,161,000 after buying an additional 2,185,400 shares in the last quarter. Victory Capital Management Inc. grew its holdings in FirstEnergy by 56.0% during the 4th quarter. Victory Capital Management Inc. now owns 5,506,251 shares of the utilities provider’s stock valued at $246,515,000 after buying an additional 1,977,504 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in FirstEnergy by 11,305.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,974,989 shares of the utilities provider’s stock valued at $81,699,000 after buying an additional 1,957,673 shares in the last quarter. Hedge funds and other institutional investors own 89.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FE shares. Scotiabank reaffirmed an “outperform” rating on shares of FirstEnergy in a report on Thursday, February 19th. Jefferies Financial Group lifted their target price on FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, April 21st. Wells Fargo & Company reaffirmed an “overweight” rating and set a $55.00 target price on shares of FirstEnergy in a report on Tuesday, April 21st. TD Cowen raised FirstEnergy from a “hold” rating to a “buy” rating and reduced their target price for the company from $56.00 to $53.00 in a report on Friday, May 15th. Finally, UBS Group lifted their target price on FirstEnergy from $50.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday. Seven equities research 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 stock presently has an average rating of “Moderate Buy” and an average target price of $52.08.

FirstEnergy Stock Up 0.7%

Shares of NYSE FE opened at $46.97 on Friday. FirstEnergy Corporation has a 12 month low of $39.28 and a 12 month high of $52.34. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $27.17 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 2.25 and a beta of 0.47. The business has a 50-day moving average of $47.51 and a 200-day moving average of $47.51.

FirstEnergy (NYSE:FE) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. The company had revenue of $4.20 billion during the quarter, compared to analyst estimates of $3.80 billion. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.FirstEnergy’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Sell-side analysts expect 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.