Sequoia Financial Advisors LLC Raises Stock Holdings in FirstEnergy Corporation $FE

Sequoia Financial Advisors LLC boosted its stake in shares of FirstEnergy Corporation (NYSE:FE) by 27.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,331 shares of the utilities provider’s stock after purchasing an additional 13,330 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in FirstEnergy were worth $3,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in 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. Intech Investment Management LLC increased its position in shares of FirstEnergy by 42.8% during the fourth quarter. Intech Investment Management LLC now owns 85,247 shares of the utilities provider’s stock worth $3,817,000 after purchasing an additional 25,571 shares in the last quarter. BW Gestao de Investimentos Ltda. purchased a new stake in shares of FirstEnergy during the 4th quarter valued at $15,172,000. Vanguard Group Inc. lifted its holdings in shares of FirstEnergy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 68,109,341 shares of the utilities provider’s stock valued at $3,049,255,000 after purchasing an additional 761,157 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position 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 worth $419,889,000 after purchasing an additional 205,618 shares in the last quarter. Hedge funds and other institutional investors own 89.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on FE shares. Barclays upped their target price on FirstEnergy from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Wolfe Research downgraded FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings downgraded shares of FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 17th. New Street Research set a $52.00 price objective on shares of FirstEnergy in a research report on Tuesday, April 21st. Finally, UBS Group lifted their target price on shares of FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.23.

FirstEnergy Trading Up 1.0%

FirstEnergy stock opened at $48.41 on Tuesday. The stock has a 50-day moving average price of $46.45 and a 200 day moving average price of $47.86. The company has a market capitalization of $28.00 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 2.29 and a beta of 0.47. FirstEnergy Corporation has a 52 week low of $40.01 and a 52 week high of $52.34. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 1.87.

FirstEnergy (NYSE:FE) last issued its quarterly 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. 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 the consensus estimate of $3.80 billion. During the same quarter in the prior year, the company 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. Sell-side analysts anticipate that FirstEnergy Corporation will post 2.74 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.