Magellan Asset Management Ltd Buys 21,740 Shares of FirstEnergy Corporation $FE

Magellan Asset Management Ltd raised its stake in shares of FirstEnergy Corporation (NYSE:FE) by 4.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 473,459 shares of the utilities provider’s stock after acquiring an additional 21,740 shares during the period. Magellan Asset Management Ltd’s holdings in FirstEnergy were worth $21,197,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Eurizon Capital SGR S.p.A. bought a new position in shares of FirstEnergy in the 4th quarter worth approximately $123,018,000. Boston Partners lifted its stake in shares of FirstEnergy by 13.5% in the 3rd quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock worth $841,161,000 after purchasing an additional 2,185,400 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of FirstEnergy by 11,305.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,974,989 shares of the utilities provider’s stock worth $81,699,000 after purchasing an additional 1,957,673 shares during the period. Marshall Wace LLP lifted its stake in shares of FirstEnergy by 128.5% in the 3rd quarter. Marshall Wace LLP now owns 3,275,409 shares of the utilities provider’s stock worth $150,079,000 after purchasing an additional 1,841,946 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of FirstEnergy by 104.3% in the 3rd quarter. Victory Capital Management Inc. now owns 3,528,747 shares of the utilities provider’s stock worth $161,687,000 after purchasing an additional 1,801,729 shares during the period. Institutional investors own 89.41% of the company’s stock.

FirstEnergy Trading Up 0.3%

Shares of FE opened at $45.66 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. FirstEnergy Corporation has a 1 year low of $39.28 and a 1 year high of $52.34. The company has a 50 day simple moving average of $47.98 and a two-hundred day simple moving average of $47.53. The firm has a market cap of $26.41 billion, a P/E ratio of 24.82, a price-to-earnings-growth ratio of 2.18 and a beta of 0.47.

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

Insider Buying and Selling

In other FirstEnergy news, CFO Jon Taylor K. sold 26,800 shares of the stock in a transaction that occurred 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 sale, the chief financial officer directly owned 119,552 shares of the company’s stock, valued at $6,089,978.88. This trade represents a 18.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James F. Oneil sold 7,945 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $50.60, for a total transaction of $402,017.00. Following the sale, the director directly owned 1,869 shares of the company’s stock, valued at approximately $94,571.40. This trade represents a 80.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FE shares. Mizuho set a $51.00 target price on shares of FirstEnergy in a report on Thursday, February 19th. Barclays lifted their price target on shares of FirstEnergy from $50.00 to $53.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Jefferies Financial Group upped their price target on shares of FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, April 21st. Morgan Stanley reiterated an “overweight” rating on shares of FirstEnergy in a research report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of FirstEnergy from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Seven investment 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.69.

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.