FirstEnergy Corporation $FE Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its stake in FirstEnergy Corporation (NYSE:FE) by 27.8% during the first quarter, Holdings Channel reports. The institutional investor owned 61,331 shares of the utilities provider’s stock after acquiring an additional 13,330 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in FirstEnergy were worth $3,107,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FE. Brighton Jones LLC purchased a new stake in FirstEnergy in the 4th quarter worth approximately $256,000. Integrated Wealth Concepts LLC purchased a new position in shares of FirstEnergy during the 1st quarter valued at approximately $289,000. Empowered Funds LLC increased its holdings in shares of FirstEnergy by 7.0% during the 1st quarter. Empowered Funds LLC now owns 11,213 shares of the utilities provider’s stock valued at $453,000 after purchasing an additional 732 shares in the last quarter. Woodline Partners LP lifted its stake in shares of FirstEnergy by 40.7% in the 1st quarter. Woodline Partners LP now owns 43,334 shares of the utilities provider’s stock valued at $1,752,000 after purchasing an additional 12,531 shares during the period. Finally, Focus Partners Wealth lifted 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 valued at $856,000 after purchasing an additional 1,340 shares during the period. 89.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Barclays raised their price target on shares of FirstEnergy from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. TD Cowen raised 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 note on Friday, May 15th. Morgan Stanley restated an “overweight” rating and set a $52.00 target price on shares of FirstEnergy in a research report on Wednesday, June 24th. Weiss Ratings lowered FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 17th. Finally, UBS Group upped their price target on FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. 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 an average rating of “Moderate Buy” and a consensus target price of $52.23.

FirstEnergy Price Performance

Shares of NYSE FE opened at $48.41 on Tuesday. 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 firm has a fifty day moving average of $46.45 and a 200 day moving average of $47.86. The firm has a market cap of $28.00 billion, a PE ratio of 26.31, a PEG ratio of 2.29 and a beta of 0.47. FirstEnergy Corporation has a one year low of $40.01 and a one year 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 (EPS) for the quarter, meeting the consensus estimate of $0.72. The business 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% compared to the same quarter last year. During the same period last year, the firm posted $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, research analysts predict that FirstEnergy Corporation will post 2.74 EPS for the current fiscal 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.