FirstEnergy Corporation $FE Stock Holdings Lifted by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in shares of FirstEnergy Corporation (NYSE:FE) by 14.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,021,430 shares of the utilities provider’s stock after acquiring an additional 128,044 shares during the quarter. Hsbc Holdings PLC’s holdings in FirstEnergy were worth $45,764,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FE. Northwestern Mutual Wealth Management Co. lifted its stake in FirstEnergy by 11,305.6% in 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 in the last quarter. Harvest Portfolios Group Inc. grew its stake in FirstEnergy by 15.3% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 208,941 shares of the utilities provider’s stock valued at $9,574,000 after acquiring an additional 27,655 shares in the last quarter. Intech Investment Management LLC grew its stake in FirstEnergy by 42.8% during the 4th quarter. Intech Investment Management LLC now owns 85,247 shares of the utilities provider’s stock valued at $3,817,000 after acquiring an additional 25,571 shares in the last quarter. BW Gestao de Investimentos Ltda. acquired a new position in shares of FirstEnergy in the 4th quarter valued at about $15,172,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of 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 valued at $419,889,000 after purchasing an additional 205,618 shares during the period. Hedge funds and other institutional investors own 89.41% of the company’s stock.

FirstEnergy Price Performance

NYSE FE opened at $47.48 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $27.46 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 2.24 and a beta of 0.47. The company has a 50 day moving average price of $46.89 and a two-hundred day moving average price of $47.52. FirstEnergy Corporation has a 12-month low of $39.34 and a 12-month high of $52.34.

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

Analyst Upgrades and Downgrades

FE has been the subject of several research reports. Barclays raised their price target on shares of FirstEnergy from $50.00 to $53.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. UBS Group increased their target price on shares of FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Wolfe Research lowered shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. New Street Research set a $52.00 price target on shares of FirstEnergy in a report on Tuesday, April 21st. Finally, Jefferies Financial Group upped their price target on shares of FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, April 21st. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $52.08.

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.