Allspring Global Investments Holdings LLC raised its position in FirstEnergy Corporation (NYSE:FE – Free Report) by 7.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,971,706 shares of the utilities provider’s stock after buying an additional 694,449 shares during the period. FirstEnergy accounts for 0.9% of Allspring Global Investments Holdings LLC’s investment portfolio, making the stock its 13th biggest holding. Allspring Global Investments Holdings LLC’s holdings in FirstEnergy were worth $508,158,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of FE. Vanguard Group Inc. grew its holdings in shares of FirstEnergy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 68,109,341 shares of the utilities provider’s stock valued at $3,049,255,000 after acquiring an additional 761,157 shares in the last quarter. Boston Partners lifted its holdings in FirstEnergy by 13.5% during the third quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock worth $841,161,000 after acquiring an additional 2,185,400 shares during the period. Geode Capital Management LLC lifted its holdings in FirstEnergy by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 13,463,298 shares of the utilities provider’s stock worth $600,351,000 after acquiring an additional 126,834 shares during the period. Invesco Ltd. boosted its position in FirstEnergy by 0.3% in the fourth quarter. Invesco Ltd. now owns 11,722,471 shares of the utilities provider’s stock worth $524,815,000 after purchasing an additional 34,014 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position 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 worth $246,515,000 after purchasing an additional 1,977,504 shares during the last quarter. Institutional investors own 89.41% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the company. Wolfe Research lowered FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Morgan Stanley reissued an “overweight” rating and issued a $52.00 price target on shares of FirstEnergy in a report on Wednesday, June 24th. New Street Research set a $52.00 price target on shares of FirstEnergy in a research report on Tuesday, April 21st. Weiss Ratings downgraded shares of FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 17th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $55.00 price objective on shares of FirstEnergy in a research report on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $52.75.
FirstEnergy Stock Performance
Shares of FE stock opened at $49.10 on Friday. The stock has a market capitalization of $28.40 billion, a P/E ratio of 26.68, a PEG ratio of 2.33 and a beta of 0.47. 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’s 50 day moving average is $46.65 and its 200 day moving average is $47.95. FirstEnergy Corporation has a 12 month low of $40.17 and a 12 month high of $52.34.
FirstEnergy (NYSE:FE – Get Free Report) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. The business had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $3.80 billion. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The firm’s revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, sell-side analysts anticipate that FirstEnergy Corporation will post 2.74 earnings per share for the current 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.
Featured Stories
- Five stocks we like better than FirstEnergy
- Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
- Revving Up Returns: Big Banks Race Through the Rate Plateau
- Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
- Why Microsoft Is Playing a Different AI Game Than Big Tech—and Cash Flow Is the Test
Want to see what other hedge funds are holding FE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FirstEnergy Corporation (NYSE:FE – Free Report).
Receive News & Ratings for FirstEnergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstEnergy and related companies with MarketBeat.com's FREE daily email newsletter.
