FirstEnergy Corporation $FE Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its holdings in FirstEnergy Corporation (NYSE:FE) by 27.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 62,538 shares of the utilities provider’s stock after purchasing an additional 13,572 shares during the quarter. Pacer Advisors Inc.’s holdings in FirstEnergy were worth $2,800,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Compound Planning Inc. raised its stake in shares of FirstEnergy by 11.3% in the 4th quarter. Compound Planning Inc. now owns 5,058 shares of the utilities provider’s stock valued at $226,000 after acquiring an additional 513 shares during the period. Invesco Ltd. lifted its holdings in shares of FirstEnergy by 0.3% during the 4th quarter. Invesco Ltd. now owns 11,722,471 shares of the utilities provider’s stock valued at $524,815,000 after acquiring an additional 34,014 shares in the last quarter. Corient Private Wealth LLC boosted its position in FirstEnergy by 25.2% during the 4th quarter. Corient Private Wealth LLC now owns 55,152 shares of the utilities provider’s stock worth $2,469,000 after purchasing an additional 11,097 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in FirstEnergy by 50.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 56,807 shares of the utilities provider’s stock worth $2,543,000 after purchasing an additional 19,103 shares during the period. Finally, Beacon Pointe Advisors LLC increased its holdings in FirstEnergy by 31.6% in the 4th quarter. Beacon Pointe Advisors LLC now owns 7,730 shares of the utilities provider’s stock valued at $346,000 after purchasing an additional 1,858 shares in the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.

FirstEnergy Stock Performance

FirstEnergy stock opened at $47.48 on Wednesday. FirstEnergy Corporation has a 12-month low of $39.34 and a 12-month high of $52.34. The company has a market capitalization of $27.46 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 2.24 and a beta of 0.47. 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 firm’s fifty day moving average price is $46.89 and its 200 day moving average price is $47.52.

FirstEnergy (NYSE:FE) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.72. The company had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $3.80 billion. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, research analysts forecast that FirstEnergy Corporation will post 2.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FE has been the topic of several research reports. New Street Research set a $52.00 price objective on FirstEnergy in a research report on Tuesday, April 21st. Barclays upped their target price on FirstEnergy from $50.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Wells Fargo & Company reiterated an “overweight” rating and set a $55.00 target price on shares of FirstEnergy in a report on Tuesday, April 21st. Jefferies Financial Group boosted their price target on FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings cut FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 17th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $52.08.

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.