Forsta AP Fonden Decreases Stock Position in FirstEnergy Corporation $FE

Forsta AP Fonden lessened its stake in shares of FirstEnergy Corporation (NYSE:FE) by 16.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 108,200 shares of the utilities provider’s stock after selling 21,300 shares during the quarter. Forsta AP Fonden’s holdings in FirstEnergy were worth $4,844,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. State of Wyoming bought a new position in FirstEnergy in the 2nd quarter valued at $25,000. Olistico Wealth LLC bought a new position in FirstEnergy in the 4th quarter valued at $31,000. Quest 10 Wealth Builders Inc. grew its position in FirstEnergy by 507.9% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 640 shares during the last quarter. Networth Advisors LLC bought a new position in FirstEnergy in the 4th quarter valued at $40,000. Finally, GoalVest Advisory LLC grew its position in FirstEnergy by 145.2% in the 4th quarter. GoalVest Advisory LLC now owns 1,091 shares of the utilities provider’s stock valued at $49,000 after acquiring an additional 646 shares during the last quarter. Hedge funds and other institutional investors own 89.41% of the company’s stock.

Insider Buying and Selling

In related news, CFO Jon Taylor K. sold 26,800 shares of FirstEnergy stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $50.94, for a total value of $1,365,192.00. Following the completion of the sale, the chief financial officer directly owned 119,552 shares in the company, valued at $6,089,978.88. This trade represents a 18.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jason Lisowski sold 1,373 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $50.84, for a total value of $69,803.32. The disclosure for this sale is available in the SEC filing. Insiders sold 39,118 shares of company stock worth $1,989,532 in the last three months. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. TD Cowen raised FirstEnergy from a “hold” rating to a “buy” rating and cut their price objective for the company from $56.00 to $53.00 in a research report on Friday, May 15th. Wolfe Research downgraded FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. upped their price objective on FirstEnergy from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Barclays upped their price objective on FirstEnergy from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Finally, Jefferies Financial Group increased their price target on FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, April 21st. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, FirstEnergy has an average rating of “Moderate Buy” and a consensus target price of $51.69.

FirstEnergy Stock Down 2.1%

FE stock opened at $45.43 on Tuesday. The firm has a 50 day moving average of $48.18 and a 200 day moving average of $47.54. The stock has a market capitalization of $26.28 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 2.22 and a beta of 0.47. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 1.87. FirstEnergy Corporation has a 52 week low of $39.28 and a 52 week high of $52.34.

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 during the quarter, compared to analysts’ expectations of $3.80 billion. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. FirstEnergy’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period last year, the business earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Sell-side analysts forecast 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.