Geode Capital Management LLC Boosts Stock Position in FirstEnergy Corporation $FE

Geode Capital Management LLC boosted its holdings in FirstEnergy Corporation (NYSE:FE) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,463,298 shares of the utilities provider’s stock after buying an additional 126,834 shares during the quarter. Geode Capital Management LLC’s holdings in FirstEnergy were worth $600,351,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FE. Northwestern Mutual Wealth Management Co. boosted its stake in FirstEnergy by 11,305.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,974,989 shares of the utilities provider’s stock valued at $81,699,000 after acquiring an additional 1,957,673 shares in the last quarter. Heartland Advisors Inc. lifted its position in FirstEnergy by 29.0% in the third quarter. Heartland Advisors Inc. now owns 324,856 shares of the utilities provider’s stock valued at $14,885,000 after purchasing an additional 72,964 shares during the period. Harvest Portfolios Group Inc. lifted its position in FirstEnergy by 15.3% in the third quarter. Harvest Portfolios Group Inc. now owns 208,941 shares of the utilities provider’s stock valued at $9,574,000 after purchasing an additional 27,655 shares during the period. Wealthfront Advisers LLC lifted its position in FirstEnergy by 18.1% in the third quarter. Wealthfront Advisers LLC now owns 202,162 shares of the utilities provider’s stock valued at $9,263,000 after purchasing an additional 30,955 shares during the period. Finally, First Trust Advisors LP lifted its position in FirstEnergy by 42.6% in the third quarter. First Trust Advisors LP now owns 2,992,975 shares of the utilities provider’s stock valued at $137,138,000 after purchasing an additional 894,549 shares during the period. Hedge funds and other institutional investors own 89.41% of the company’s stock.

Insider Buying and Selling at FirstEnergy

In other FirstEnergy news, CAO Jason Lisowski sold 3,000 shares of FirstEnergy stock in a transaction on Friday, March 6th. The shares were sold at an average price of $50.84, for a total value of $152,520.00. Following the transaction, the chief accounting officer owned 7,176 shares in the company, valued at $364,827.84. This trade represents a 29.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jon Taylor K. sold 26,800 shares of FirstEnergy stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $50.94, for a total transaction of $1,365,192.00. Following the completion of the transaction, the chief financial officer owned 119,552 shares in the company, valued at approximately $6,089,978.88. This trade represents a 18.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 39,118 shares of company stock worth $1,989,532 in the last quarter. 0.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FE shares. Wolfe Research downgraded shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. New Street Research set a $52.00 price objective on shares of FirstEnergy in a research report on Tuesday, April 21st. TD Cowen raised shares of FirstEnergy from a “hold” rating to a “buy” rating and dropped their target price for the company from $56.00 to $53.00 in a report on Friday, May 15th. Weiss Ratings cut shares of FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Finally, Mizuho set a $51.00 target price on shares of FirstEnergy in a report on Thursday, February 19th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, FirstEnergy has a consensus rating of “Moderate Buy” and a consensus target price of $51.69.

FirstEnergy Trading Up 0.4%

Shares of FE opened at $46.39 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 firm has a 50 day simple moving average of $48.26 and a 200-day simple moving average of $47.53. FirstEnergy Corporation has a 1-year low of $39.28 and a 1-year high of $52.34. The stock has a market cap of $26.84 billion, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 2.22 and a beta of 0.48.

FirstEnergy (NYSE:FE) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.72. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter last year, the business earned $0.67 earnings per share. FirstEnergy’s revenue was up 11.6% compared to the same quarter last year. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Equities analysts forecast that FirstEnergy Corporation will post 2.73 EPS for the current fiscal 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.