OLD Republic International Corp Raises Position in FirstEnergy Corporation $FE

OLD Republic International Corp raised its stake in shares of FirstEnergy Corporation (NYSE:FE) by 21.1% during the fourth quarter, HoldingsChannel reports. The firm owned 631,500 shares of the utilities provider’s stock after buying an additional 110,000 shares during the quarter. OLD Republic International Corp’s holdings in FirstEnergy were worth $28,272,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FE. State of Wyoming purchased a new stake in FirstEnergy during the second quarter valued at approximately $25,000. Olistico Wealth LLC purchased a new stake in FirstEnergy during the fourth quarter valued at approximately $31,000. Quest 10 Wealth Builders Inc. raised its position in FirstEnergy by 507.9% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 640 shares during the period. Networth Advisors LLC purchased a new stake in FirstEnergy during the fourth quarter valued at approximately $40,000. Finally, WFA of San Diego LLC purchased a new stake in FirstEnergy during the second quarter valued at approximately $46,000. 89.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FE. Scotiabank reiterated an “outperform” rating on shares of FirstEnergy in a report on Thursday, February 19th. New Street Research set a $52.00 price target on FirstEnergy in a report on Tuesday, April 21st. Wolfe Research downgraded FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Wells Fargo & Company reiterated an “overweight” rating and issued a $55.00 price target on shares of FirstEnergy in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. increased their price target on FirstEnergy from $50.00 to $55.00 and gave the stock a “neutral” rating in a 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $51.69.

Insiders Place Their Bets

In other FirstEnergy news, 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. This trade represents a 29.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jon Taylor K. sold 26,800 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $50.94, for a total value of $1,365,192.00. Following the transaction, the chief financial officer owned 119,552 shares in the company, valued at $6,089,978.88. The trade was a 18.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 39,118 shares of company stock worth $1,989,532 in the last ninety days. 0.14% of the stock is owned by company insiders.

FirstEnergy Trading Up 1.9%

Shares of NYSE FE opened at $46.35 on Friday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.42 and a current ratio of 0.52. The business’s 50 day moving average price is $48.73 and its 200-day moving average price is $47.51. FirstEnergy Corporation has a fifty-two week low of $39.28 and a fifty-two week high of $52.34. The company has a market cap of $26.81 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 2.22 and a beta of 0.48.

FirstEnergy (NYSE:FE) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, hitting the consensus estimate 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 return on equity of 10.66% and a net margin of 6.86%.The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. 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 year.

FirstEnergy 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.