North Dakota State Investment Board Invests $844,000 in FirstEnergy Corporation $FE

North Dakota State Investment Board acquired a new position in FirstEnergy Corporation (NYSE:FE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,845 shares of the utilities provider’s stock, valued at approximately $844,000.

Several other large investors have also recently made changes to their positions in FE. Northwestern Mutual Wealth Management Co. lifted its holdings in FirstEnergy by 11,305.6% during 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 buying an additional 1,957,673 shares in the last quarter. Heartland Advisors Inc. lifted its holdings in FirstEnergy by 29.0% during the 3rd quarter. Heartland Advisors Inc. now owns 324,856 shares of the utilities provider’s stock worth $14,885,000 after buying an additional 72,964 shares in the last quarter. Harvest Portfolios Group Inc. lifted its holdings in FirstEnergy by 15.3% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 208,941 shares of the utilities provider’s stock worth $9,574,000 after buying an additional 27,655 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in FirstEnergy by 18.1% during the 3rd quarter. Wealthfront Advisers LLC now owns 202,162 shares of the utilities provider’s stock worth $9,263,000 after buying an additional 30,955 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in FirstEnergy by 42.6% during the 3rd quarter. First Trust Advisors LP now owns 2,992,975 shares of the utilities provider’s stock worth $137,138,000 after buying an additional 894,549 shares in the last quarter. 89.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FirstEnergy

In other FirstEnergy news, Director James F. Oneil sold 7,945 shares of the firm’s stock in a transaction 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Jason Lisowski sold 3,000 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $50.84, for a total transaction of $152,520.00. Following the transaction, the chief accounting officer directly owned 7,176 shares in the company, valued at $364,827.84. The trade was a 29.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 39,118 shares of company stock valued at $1,989,532 in the last ninety days. Insiders own 0.14% of the company’s stock.

FirstEnergy Trading Up 0.9%

NYSE FE opened at $45.50 on Thursday. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.52 and a quick ratio of 0.42. The firm’s fifty day moving average price is $48.92 and its 200 day moving average price is $47.52. The company has a market capitalization of $26.32 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 2.16 and a beta of 0.48. FirstEnergy Corporation has a 12 month low of $39.28 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 EPS for the quarter, meeting analysts’ consensus estimates of $0.72. The firm had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $3.80 billion. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The company’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the firm posted $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, sell-side analysts expect that FirstEnergy Corporation will post 2.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FE shares. Mizuho set a $51.00 target price on shares of FirstEnergy in a report on Thursday, February 19th. New Street Research set a $52.00 target price on shares of FirstEnergy in a report on Tuesday, April 21st. Weiss Ratings lowered shares of FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Morgan Stanley reiterated an “overweight” rating on shares of FirstEnergy in a report on Wednesday, February 11th. Finally, Barclays increased their target price on shares of FirstEnergy from $50.00 to $53.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.69.

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.