FirstEnergy Corporation $FE Shares Bought by Swiss National Bank

Swiss National Bank lifted its holdings in shares of FirstEnergy Corporation (NYSE:FE) by 7.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,610,544 shares of the utilities provider’s stock after purchasing an additional 107,400 shares during the quarter. Swiss National Bank’s holdings in FirstEnergy were worth $81,590,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FE. Assetmark Inc. raised its holdings in FirstEnergy by 30.7% in the 1st quarter. Assetmark Inc. now owns 74,246 shares of the utilities provider’s stock valued at $3,761,000 after buying an additional 17,438 shares during the period. Bessemer Group Inc. lifted its position in FirstEnergy by 71.8% in the first quarter. Bessemer Group Inc. now owns 25,859 shares of the utilities provider’s stock valued at $1,310,000 after buying an additional 10,803 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in FirstEnergy by 7.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 9,971,706 shares of the utilities provider’s stock worth $508,158,000 after buying an additional 694,449 shares during the period. Wealthfront Advisers LLC boosted its stake in FirstEnergy by 16.6% during the first quarter. Wealthfront Advisers LLC now owns 253,702 shares of the utilities provider’s stock worth $12,853,000 after buying an additional 36,039 shares during the period. Finally, D.A. Davidson & CO. increased its position in shares of FirstEnergy by 128.4% during the first quarter. D.A. Davidson & CO. now owns 18,951 shares of the utilities provider’s stock valued at $960,000 after acquiring an additional 10,654 shares during the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FE shares. UBS Group boosted their price target on shares of FirstEnergy from $50.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $55.00 price objective on shares of FirstEnergy in a research note on Tuesday, April 21st. Barclays boosted their price objective on FirstEnergy from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Monday. New Street Research set a $52.00 target price on FirstEnergy in a research note on Tuesday, April 21st. Finally, TD Cowen upgraded FirstEnergy from a “hold” rating to a “buy” rating and lowered their target price for the company from $56.00 to $53.00 in a report on Friday, May 15th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, FirstEnergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.92.

FirstEnergy Stock Performance

Shares of FE stock opened at $48.34 on Wednesday. The firm has a 50 day moving average of $46.89 and a two-hundred day moving average of $48.03. The stock has a market capitalization of $27.96 billion, a PE ratio of 26.27, a P/E/G ratio of 2.32 and a beta of 0.47. 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 Corporation has a 52 week low of $41.03 and a 52 week high of $52.34.

FirstEnergy (NYSE:FE) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72. The business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.80 billion. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The company’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, research analysts predict that FirstEnergy Corporation will post 2.74 EPS 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.