Harrison Street Private Wealth LLC Invests $562,000 in FirstEnergy Corporation $FE

Harrison Street Private Wealth LLC bought a new stake in FirstEnergy Corporation (NYSE:FE) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,097 shares of the utilities provider’s stock, valued at approximately $562,000. FirstEnergy makes up approximately 0.7% of Harrison Street Private Wealth LLC’s investment portfolio, making the stock its 21st biggest position.

Several other hedge funds also recently modified their holdings of FE. Brighton Jones LLC purchased a new stake in FirstEnergy in the 4th quarter valued at $256,000. Integrated Wealth Concepts LLC bought a new position in FirstEnergy during the 1st quarter valued at $289,000. Empowered Funds LLC boosted its holdings in FirstEnergy by 7.0% during the 1st quarter. Empowered Funds LLC now owns 11,213 shares of the utilities provider’s stock worth $453,000 after acquiring an additional 732 shares during the last quarter. Woodline Partners LP boosted its holdings in FirstEnergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 43,334 shares of the utilities provider’s stock worth $1,752,000 after acquiring an additional 12,531 shares during the last quarter. Finally, Focus Partners Wealth grew its stake in shares of FirstEnergy by 6.8% in the 1st quarter. Focus Partners Wealth now owns 21,178 shares of the utilities provider’s stock worth $856,000 after acquiring an additional 1,340 shares in the last quarter. Hedge funds and other institutional investors own 89.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FE. Wolfe Research downgraded shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. New Street Research set a $52.00 price target on shares of FirstEnergy in a report on Tuesday, April 21st. Barclays upped their price objective on shares of FirstEnergy from $50.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Weiss Ratings lowered shares of FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 17th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $55.00 target price on shares of FirstEnergy in a research report on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, FirstEnergy presently has an average rating of “Moderate Buy” and an average target price of $52.23.

FirstEnergy Trading Up 3.0%

Shares of FirstEnergy stock opened at $48.48 on Friday. FirstEnergy Corporation has a 1 year low of $39.34 and a 1 year high of $52.34. The firm has a market cap of $28.04 billion, a PE ratio of 26.35, a P/E/G ratio of 2.26 and a beta of 0.47. The stock has a fifty day moving average price of $46.57 and a 200-day moving average price of $47.68. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.52 and a quick ratio of 0.42.

FirstEnergy (NYSE:FE) last released its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. The company had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $3.80 billion. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Equities research analysts anticipate that FirstEnergy Corporation will post 2.73 EPS 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.