SummitTX Capital L.P. Has $16.36 Million Stock Holdings in FirstEnergy Corporation $FE

SummitTX Capital L.P. raised its position in FirstEnergy Corporation (NYSE:FE) by 3.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 322,959 shares of the utilities provider’s stock after buying an additional 10,974 shares during the period. FirstEnergy comprises approximately 0.5% of SummitTX Capital L.P.’s holdings, making the stock its 25th largest holding. SummitTX Capital L.P. owned about 0.06% of FirstEnergy worth $16,361,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Eurizon Capital SGR S.p.A. acquired a new stake in shares of FirstEnergy during the 4th quarter worth approximately $123,018,000. BROOKFIELD Corp ON acquired a new position in FirstEnergy in the fourth quarter valued at approximately $110,332,000. Boston Partners boosted its stake in FirstEnergy by 13.5% in the third quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock valued at $841,161,000 after acquiring an additional 2,185,400 shares during the last quarter. Victory Capital Management Inc. boosted its stake in FirstEnergy by 56.0% in the fourth quarter. Victory Capital Management Inc. now owns 5,506,251 shares of the utilities provider’s stock valued at $246,515,000 after acquiring an additional 1,977,504 shares during 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 worth $81,699,000 after acquiring an additional 1,957,673 shares during the period. 89.41% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting FirstEnergy

Here are the key news stories impacting FirstEnergy this week:

• Positive Sentiment: Wells Fargo initiated/maintained a Buy stance on FirstEnergy, signaling renewed analyst confidence in the utility’s outlook. FirstEnergy (FE) Receives a Buy from Wells Fargo
• Positive Sentiment: KeyCorp raised longer-term earnings estimates for FY2028, FY2029 and FY2030, suggesting expectations for steady earnings growth over time.
• Positive Sentiment: FirstEnergy declared a quarterly dividend of $0.465 per share with a roughly 3.8% annualized yield, reinforcing its appeal to income-focused investors.
• Neutral Sentiment: KeyCorp trimmed its FY2026 EPS estimate slightly to $2.72 from $2.73, but that is still close to the current consensus of $2.74 and does not materially change the near-term outlook.
• Neutral Sentiment: KeyCorp’s near-term quarter estimates imply mixed results, including Q2 EPS of $0.47 and Q3 EPS of $0.98, leaving investors focused on whether upcoming earnings can beat expectations.
• Neutral Sentiment: In a preview of upcoming results, analysts expect Q2 revenue to rise about 6.28% on load growth and grid investment, while EPS may decline modestly, a mixed but not alarming setup ahead of reporting. FirstEnergy to Report Q2 Earnings: What’s in Store for the Stock?

Wall Street Analyst Weigh In

Several brokerages have commented on FE. Jefferies Financial Group upped their target price on shares of FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, April 21st. UBS Group raised their price target on FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Wolfe Research cut FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Barclays upped their price objective on FirstEnergy from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Finally, TD Cowen raised FirstEnergy from a “hold” rating to a “buy” rating and cut their target price for the company from $56.00 to $53.00 in a research note on Friday, May 15th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, FirstEnergy has an average rating of “Moderate Buy” and a consensus price target of $52.92.

FirstEnergy Stock Down 0.0%

Shares of NYSE:FE opened at $49.91 on Monday. FirstEnergy Corporation has a 52 week low of $41.30 and a 52 week high of $52.34. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.42 and a current ratio of 0.52. The company has a market capitalization of $28.87 billion, a PE ratio of 27.12, a PEG ratio of 2.39 and a beta of 0.47. The company has a 50 day moving average price of $47.21 and a two-hundred day moving average price of $48.12.

FirstEnergy (NYSE:FE) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, hitting the consensus estimate of $0.72. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same period last year, the business posted $0.67 earnings per share. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Analysts forecast that FirstEnergy Corporation will post 2.73 earnings per share for the current year.

FirstEnergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be issued a dividend of $0.465 per share. The ex-dividend date is Friday, August 7th. This represents a $1.86 annualized dividend and a yield of 3.7%. FirstEnergy’s payout ratio is currently 101.09%.

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.