LFG Wealth Partners LLC Invests $708,000 in FirstEnergy Corporation $FE

LFG Wealth Partners LLC bought a new position in FirstEnergy Corporation (NYSE:FE) during the fourth quarter, Holdings Channel.com reports. The firm bought 15,808 shares of the utilities provider’s stock, valued at approximately $708,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC purchased a new position in FirstEnergy in the fourth quarter valued at approximately $256,000. Integrated Wealth Concepts LLC purchased a new position in FirstEnergy in the first quarter valued at approximately $289,000. Empowered Funds LLC lifted its stake in FirstEnergy by 7.0% in the first quarter. Empowered Funds LLC now owns 11,213 shares of the utilities provider’s stock valued at $453,000 after purchasing an additional 732 shares during the last quarter. Woodline Partners LP lifted its stake in FirstEnergy by 40.7% in the first quarter. Woodline Partners LP now owns 43,334 shares of the utilities provider’s stock valued at $1,752,000 after purchasing an additional 12,531 shares during the last quarter. Finally, Focus Partners Wealth lifted its stake in FirstEnergy by 6.8% in the first quarter. Focus Partners Wealth now owns 21,178 shares of the utilities provider’s stock valued at $856,000 after purchasing an additional 1,340 shares during the last quarter. Hedge funds and other institutional investors own 89.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FE shares. Jefferies Financial Group upped their price objective on FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, April 21st. Wells Fargo & Company reiterated an “overweight” rating and issued a $55.00 price objective on shares of FirstEnergy in a research note on Tuesday, April 21st. Mizuho set a $51.00 price objective on FirstEnergy in a research note on Thursday, February 19th. JPMorgan Chase & Co. boosted their price target on shares of FirstEnergy from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Finally, TD Cowen upgraded shares of FirstEnergy from a “hold” rating to a “buy” rating and dropped their price target 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 issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $52.08.

FirstEnergy Trading Up 0.6%

NYSE:FE opened at $47.29 on Tuesday. The company has a market cap of $27.35 billion, a P/E ratio of 25.70, a P/E/G ratio of 2.25 and a beta of 0.47. The stock’s fifty day moving average price is $47.43 and its two-hundred day moving average price is $47.51. FirstEnergy Corporation has a 1 year low of $39.28 and a 1 year high of $52.34. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.52 and a quick ratio of 0.42.

FirstEnergy (NYSE:FE) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.72. The firm had revenue of $4.20 billion for 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 business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, analysts expect that FirstEnergy Corporation will post 2.73 EPS for the current year.

FirstEnergy Company 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.