Aventail Capital Group LP Acquires 449,290 Shares of FirstEnergy Corporation $FE

Aventail Capital Group LP raised its holdings in FirstEnergy Corporation (NYSE:FE) by 147.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 754,950 shares of the utilities provider’s stock after purchasing an additional 449,290 shares during the quarter. FirstEnergy accounts for 1.9% of Aventail Capital Group LP’s investment portfolio, making the stock its 15th largest position. Aventail Capital Group LP owned approximately 0.13% of FirstEnergy worth $33,799,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. State of Wyoming bought a new position in FirstEnergy in the 2nd quarter valued at $25,000. Olistico Wealth LLC bought a new position in shares of FirstEnergy during the 4th quarter worth $31,000. DV Equities LLC bought a new position in shares of FirstEnergy during the 4th quarter worth $33,000. Quest 10 Wealth Builders Inc. grew its stake in shares of FirstEnergy by 507.9% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 640 shares during the period. Finally, Networth Advisors LLC bought a new position in shares of FirstEnergy during the 4th quarter worth $40,000. Institutional investors own 89.41% of the company’s stock.

FirstEnergy Stock Down 3.4%

Shares of NYSE FE opened at $46.09 on Thursday. FirstEnergy Corporation has a 52 week low of $39.34 and a 52 week high of $52.34. The business has a 50-day simple moving average of $47.26 and a two-hundred day simple moving average of $47.51. 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 company has a market cap of $26.66 billion, a P/E ratio of 25.05, a P/E/G ratio of 2.29 and a beta of 0.47.

FirstEnergy (NYSE:FE) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter last year, the company earned $0.67 EPS. The firm’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. Research analysts anticipate that FirstEnergy Corporation will post 2.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. UBS Group increased their price target on FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Scotiabank reiterated an “outperform” rating on shares of FirstEnergy in a research note on Thursday, February 19th. Weiss Ratings upgraded FirstEnergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 2nd. New Street Research set a $52.00 price target on FirstEnergy in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $55.00 price target on shares of FirstEnergy in a research note on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $52.08.

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.