ING Groep NV Buys New Holdings in FirstEnergy Corporation $FE

ING Groep NV bought a new stake in FirstEnergy Corporation (NYSE:FE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 41,519 shares of the utilities provider’s stock, valued at approximately $1,859,000.

Several other hedge funds have also recently added to or reduced their stakes in FE. Brighton Jones LLC acquired a new stake in FirstEnergy in the fourth quarter valued at approximately $256,000. Integrated Wealth Concepts LLC acquired a new stake in FirstEnergy in the first quarter valued at approximately $289,000. Empowered Funds LLC raised its holdings in FirstEnergy by 7.0% in the first quarter. Empowered Funds LLC now owns 11,213 shares of the utilities provider’s stock valued at $453,000 after acquiring an additional 732 shares in the last quarter. Woodline Partners LP raised its holdings in FirstEnergy by 40.7% in the first quarter. Woodline Partners LP now owns 43,334 shares of the utilities provider’s stock valued at $1,752,000 after acquiring an additional 12,531 shares in the last quarter. Finally, Focus Partners Wealth raised its holdings in FirstEnergy by 6.8% during the first quarter. Focus Partners Wealth now owns 21,178 shares of the utilities provider’s stock worth $856,000 after purchasing an additional 1,340 shares in the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on FE shares. Morgan Stanley reissued an “overweight” rating on shares of FirstEnergy in a report on Wednesday, February 11th. Weiss Ratings upgraded shares of FirstEnergy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 2nd. TD Cowen upgraded shares of FirstEnergy from a “hold” rating to a “buy” rating and lowered their target price for the stock from $56.00 to $53.00 in a research report on Friday, May 15th. Wolfe Research lowered shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, New Street Research set a $52.00 target price on shares of FirstEnergy in a research report on Tuesday, April 21st. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, FirstEnergy presently has a consensus rating of “Moderate Buy” and an average target price of $51.69.

FirstEnergy Stock Performance

NYSE:FE opened at $45.87 on Wednesday. The firm’s fifty day moving average price is $47.75 and its 200 day moving average price is $47.52. FirstEnergy Corporation has a 1-year low of $39.28 and a 1-year high of $52.34. 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 has a market cap of $26.53 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 2.19 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. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.80 billion. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $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 EPS for the current year.

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.