26,500 Shares in FirstEnergy Corporation $FE Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in shares of FirstEnergy Corporation (NYSE:FE) during the first quarter, HoldingsChannel reports. The fund bought 26,500 shares of the utilities provider’s stock, valued at approximately $1,342,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. State of Wyoming acquired a new position in shares of FirstEnergy in the second quarter valued at approximately $25,000. Olistico Wealth LLC purchased a new position in shares of FirstEnergy in the 4th quarter valued at about $31,000. DV Equities LLC purchased a new position in FirstEnergy in the fourth quarter valued at about $33,000. Quest 10 Wealth Builders Inc. increased its stake in FirstEnergy by 507.9% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 640 shares in the last quarter. Finally, Summit Securities Group LLC increased its position in shares of FirstEnergy by 148.0% in the fourth quarter. Summit Securities Group LLC now owns 771 shares of the utilities provider’s stock valued at $35,000 after buying an additional 2,376 shares in the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Trading Up 3.0%

NYSE FE opened at $48.48 on Friday. The company has a market capitalization of $28.04 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 2.26 and a beta of 0.47. 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 Corporation has a 12 month low of $39.34 and a 12 month high of $52.34. The company’s fifty day moving average price is $46.57 and its two-hundred day moving average price is $47.68.

FirstEnergy (NYSE:FE) last released 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 company had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $3.80 billion. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The company’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, research analysts predict that FirstEnergy Corporation will post 2.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

FE has been the subject of a number of recent research reports. Morgan Stanley reissued an “overweight” rating and set a $52.00 price objective on shares of FirstEnergy in a research note on Wednesday, June 24th. TD Cowen raised shares of FirstEnergy from a “hold” rating to a “buy” rating and dropped their price objective for the company from $56.00 to $53.00 in a research note on Friday, May 15th. JPMorgan Chase & Co. lifted their target price on FirstEnergy from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $55.00 price target on shares of FirstEnergy in a research report on Tuesday, April 21st. Finally, Jefferies Financial Group boosted their price objective on FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, FirstEnergy presently has an average rating of “Moderate Buy” and an average price target of $52.23.

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.