Electron Capital Partners LLC Invests $65.91 Million in FirstEnergy Corporation $FE

Electron Capital Partners LLC bought a new stake in shares of FirstEnergy Corporation (NYSE:FE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,472,177 shares of the utilities provider’s stock, valued at approximately $65,909,000. FirstEnergy comprises approximately 3.1% of Electron Capital Partners LLC’s investment portfolio, making the stock its 13th biggest holding. Electron Capital Partners LLC owned 0.25% of FirstEnergy at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC increased its position in FirstEnergy by 4.1% during the fourth quarter. Parallel Advisors LLC now owns 5,381 shares of the utilities provider’s stock valued at $241,000 after acquiring an additional 213 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of FirstEnergy by 5.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,677 shares of the utilities provider’s stock worth $209,000 after acquiring an additional 223 shares during the last quarter. Signaturefd LLC boosted its stake in shares of FirstEnergy by 4.8% during the 4th 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. Allworth Financial LP boosted its stake in shares of FirstEnergy by 3.7% during the 4th 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. Finally, Intrust Bank NA grew its holdings in FirstEnergy by 2.7% during the 4th quarter. Intrust Bank NA now owns 9,089 shares of the utilities provider’s stock valued at $407,000 after purchasing an additional 243 shares during the last quarter. 89.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FE. Weiss Ratings raised shares of FirstEnergy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 2nd. Wolfe Research lowered FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Barclays increased their price target on FirstEnergy from $50.00 to $53.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Jefferies Financial Group raised their price target on FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, April 21st. Finally, Scotiabank restated an “outperform” rating on shares of FirstEnergy in a report on Thursday, February 19th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $52.08.

FirstEnergy Stock Performance

Shares of FirstEnergy stock opened at $46.09 on Thursday. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 1.87. The stock’s fifty day moving average price is $47.26 and its 200-day moving average price is $47.51. The firm 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 Corporation has a 12 month low of $39.34 and a 12 month high of $52.34.

FirstEnergy (NYSE:FE) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, hitting 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 during the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share. FirstEnergy’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 research analysts expect that FirstEnergy Corporation will post 2.73 earnings per share for the current fiscal year.

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.