Vise Technologies Inc. raised its position in FirstEnergy Corporation (NYSE:FE – Free Report) by 79.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,749 shares of the utilities provider’s stock after buying an additional 12,759 shares during the period. Vise Technologies Inc.’s holdings in FirstEnergy were worth $1,287,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Capital World Investors boosted its holdings in FirstEnergy by 0.4% in the 3rd quarter. Capital World Investors now owns 78,328,151 shares of the utilities provider’s stock worth $3,588,992,000 after buying an additional 305,531 shares during the last quarter. Vanguard Group Inc. boosted its holdings in FirstEnergy by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 68,109,341 shares of the utilities provider’s stock worth $3,049,255,000 after buying an additional 761,157 shares during the last quarter. Boston Partners boosted its holdings in FirstEnergy by 13.5% in the 3rd quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock worth $841,161,000 after buying an additional 2,185,400 shares during the last quarter. Geode Capital Management LLC boosted its holdings in FirstEnergy by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 13,463,298 shares of the utilities provider’s stock worth $600,351,000 after buying an additional 126,834 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in FirstEnergy by 2.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,277,257 shares of the utilities provider’s stock worth $419,889,000 after buying an additional 205,618 shares during the last quarter. 89.41% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director James F. Oneil sold 7,945 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $50.60, for a total value of $402,017.00. Following the completion of the transaction, the director directly owned 1,869 shares in the company, valued at approximately $94,571.40. This represents a 80.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.
FirstEnergy Trading Down 1.5%
FirstEnergy (NYSE:FE – Get Free Report) last issued 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. The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $3.80 billion. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Analysts predict that FirstEnergy Corporation will post 2.73 EPS for the current fiscal year.
Analyst Ratings Changes
FE has been the topic of several research analyst reports. Jefferies Financial Group lifted their price objective on FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a report on Tuesday, April 21st. Weiss Ratings upgraded shares of FirstEnergy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 2nd. Mizuho set a $51.00 price target on shares of FirstEnergy in a research report on Thursday, February 19th. Scotiabank reissued an “outperform” rating on shares of FirstEnergy in a research note on Thursday, February 19th. Finally, JPMorgan Chase & Co. boosted their target price on FirstEnergy from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $51.69.
About FirstEnergy
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.
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