Commonwealth Equity Services LLC Sells 16,227 Shares of FirstEnergy Corporation $FE

Commonwealth Equity Services LLC cut its stake in FirstEnergy Corporation (NYSE:FE) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,033 shares of the utilities provider’s stock after selling 16,227 shares during the quarter. Commonwealth Equity Services LLC’s holdings in FirstEnergy were worth $5,419,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FE. Brighton Jones LLC bought a new position in shares of FirstEnergy in the fourth quarter valued at about $256,000. Integrated Wealth Concepts LLC acquired a new position in shares of FirstEnergy in the first quarter valued at about $289,000. Empowered Funds LLC grew its stake in shares of 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 grew its stake in shares of 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 grew its stake in shares of FirstEnergy by 6.8% in the first quarter. Focus Partners Wealth now owns 21,178 shares of the utilities provider’s stock valued at $856,000 after acquiring an additional 1,340 shares in the last quarter. 89.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on FE. Scotiabank restated an “outperform” rating on shares of FirstEnergy in a research note on Thursday, February 19th. New Street Research set a $52.00 price target on shares of FirstEnergy in a research note on Tuesday, April 21st. Wolfe Research downgraded shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings upgraded shares of FirstEnergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Finally, Morgan Stanley restated an “overweight” rating on shares of FirstEnergy in a research note on Wednesday, February 11th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, FirstEnergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.69.

FirstEnergy Trading Up 1.8%

Shares of FirstEnergy stock opened at $46.44 on Friday. The company has a market capitalization of $26.86 billion, a price-to-earnings ratio of 25.24, a PEG 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 12-month low of $39.28 and a 12-month high of $52.34. The firm’s 50-day moving average price is $47.92 and its two-hundred day moving average price is $47.52.

FirstEnergy (NYSE:FE) last posted 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 firm 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%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, analysts forecast that FirstEnergy Corporation will post 2.73 earnings per share for the current fiscal year.

Insider Transactions at FirstEnergy

In other news, Director James F. Oneil sold 7,945 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $50.60, for a total value of $402,017.00. Following the completion of the transaction, the director owned 1,869 shares of the company’s stock, valued at approximately $94,571.40. This represents a 80.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jon Taylor K. sold 26,800 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $50.94, for a total transaction of $1,365,192.00. Following the completion of the transaction, the chief financial officer directly owned 119,552 shares of the company’s stock, valued at $6,089,978.88. This trade represents a 18.31% decrease in their position. The SEC filing for this sale provides additional information. 0.14% of the stock is currently owned by corporate insiders.

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.