Holderness Investments Co. Takes $1.26 Million Position in FirstEnergy Corporation $FE

Holderness Investments Co. bought a new position in shares of FirstEnergy Corporation (NYSE:FE) in the 4th quarter, Holdings Channel reports. The fund bought 28,116 shares of the utilities provider’s stock, valued at approximately $1,259,000.

Several other large investors have also added to or reduced their stakes in the business. Signaturefd LLC grew its stake in FirstEnergy by 4.8% during the fourth quarter. Signaturefd LLC now owns 5,181 shares of the utilities provider’s stock worth $232,000 after purchasing an additional 235 shares during the period. Independent Advisor Alliance grew its stake in FirstEnergy by 1.0% during the third quarter. Independent Advisor Alliance now owns 23,225 shares of the utilities provider’s stock worth $1,064,000 after purchasing an additional 236 shares during the period. Allworth Financial LP grew its stake in FirstEnergy by 3.7% during the fourth quarter. Allworth Financial LP now owns 6,778 shares of the utilities provider’s stock worth $303,000 after purchasing an additional 241 shares during the period. Intrust Bank NA grew its stake in FirstEnergy by 2.7% during the fourth quarter. Intrust Bank NA now owns 9,089 shares of the utilities provider’s stock worth $407,000 after purchasing an additional 243 shares during the period. Finally, IFP Advisors Inc grew its stake in FirstEnergy by 3.3% during the fourth quarter. IFP Advisors Inc now owns 7,578 shares of the utilities provider’s stock worth $339,000 after purchasing an additional 244 shares during the period. Institutional investors and hedge funds own 89.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FE shares. Mizuho set a $51.00 target price on FirstEnergy in a research note on Thursday, February 19th. TD Cowen raised FirstEnergy from a “hold” rating to a “buy” rating and decreased their target price for the stock from $56.00 to $53.00 in a research note on Friday, May 15th. Scotiabank reaffirmed an “outperform” rating on shares of FirstEnergy in a research note on Thursday, February 19th. JPMorgan Chase & Co. raised their target price on FirstEnergy from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Finally, Morgan Stanley reissued an “overweight” rating on shares of FirstEnergy in a research note on Wednesday, February 11th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $51.69.

Insider Activity

In other news, Director James F. Oneil sold 7,945 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $50.60, for a total value of $402,017.00. Following the transaction, the director owned 1,869 shares in the company, valued at $94,571.40. This trade represents a 80.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jon Taylor K. sold 26,800 shares of FirstEnergy stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $50.94, for a total value of $1,365,192.00. Following the sale, the chief financial officer owned 119,552 shares in the company, valued at $6,089,978.88. This trade represents a 18.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 39,118 shares of company stock worth $1,989,532 over the last 90 days. 0.14% of the stock is currently owned by corporate insiders.

FirstEnergy Stock Up 0.4%

FE stock opened at $46.39 on Friday. FirstEnergy Corporation has a twelve month low of $39.28 and a twelve month 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. The stock’s 50 day moving average is $48.26 and its 200-day moving average is $47.53. The firm has a market capitalization of $26.84 billion, a PE ratio of 25.21, a P/E/G ratio of 2.21 and a beta of 0.48.

FirstEnergy (NYSE:FE) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.72. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter last year, the company earned $0.67 earnings per share. The company’s revenue for the quarter 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 expect that FirstEnergy Corporation will post 2.73 EPS for the current fiscal 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.