Raleigh Capital Management Inc. Has $2.58 Million Stock Position in FirstEnergy Corporation $FE

Raleigh Capital Management Inc. increased its stake in shares of FirstEnergy Corporation (NYSE:FE) by 33.2% during the first quarter, HoldingsChannel reports. The fund owned 51,029 shares of the utilities provider’s stock after acquiring an additional 12,724 shares during the quarter. FirstEnergy makes up about 0.9% of Raleigh Capital Management Inc.’s portfolio, making the stock its 29th biggest holding. Raleigh Capital Management Inc.’s holdings in FirstEnergy were worth $2,585,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. State of Wyoming acquired a new stake in FirstEnergy in the 2nd quarter worth $25,000. Olistico Wealth LLC bought a new position in shares of FirstEnergy during the 4th quarter worth about $31,000. DV Equities LLC acquired a new position in shares of FirstEnergy during the fourth quarter valued at about $33,000. Quest 10 Wealth Builders Inc. raised its position in shares of FirstEnergy by 507.9% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock valued at $34,000 after buying an additional 640 shares during the last quarter. Finally, Summit Securities Group LLC lifted its stake 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 during the period. 89.41% of the stock is currently owned by institutional investors and hedge funds.

FirstEnergy Price Performance

FirstEnergy stock opened at $48.48 on Friday. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.52 and a quick ratio of 0.42. The company has a market capitalization of $28.04 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 2.32 and a beta of 0.47. FirstEnergy Corporation has a one year low of $39.34 and a one year high of $52.34. The business has a 50 day simple moving average of $46.57 and a 200 day simple moving average of $47.69.

FirstEnergy (NYSE:FE) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, meeting the consensus estimate of $0.72. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the previous year, the firm earned $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. On average, sell-side analysts forecast that FirstEnergy Corporation will post 2.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. UBS Group lifted their target price on FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. TD Cowen upgraded FirstEnergy from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $56.00 to $53.00 in a research report on Friday, May 15th. Weiss Ratings lowered FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 17th. Wolfe Research cut FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. boosted their price objective on FirstEnergy from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus 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.