FirstEnergy Corporation $FE Stock Position Lifted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its holdings in shares of FirstEnergy Corporation (NYSE:FE) by 21.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 169,516 shares of the utilities provider’s stock after purchasing an additional 30,482 shares during the period. Janney Montgomery Scott LLC’s holdings in FirstEnergy were worth $8,588,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. State of Wyoming bought a new position in FirstEnergy in the 2nd quarter valued at about $25,000. Olistico Wealth LLC bought a new stake in shares of FirstEnergy during the 4th quarter worth about $31,000. DV Equities LLC bought a new stake in shares of FirstEnergy during the 4th quarter worth about $33,000. Quest 10 Wealth Builders Inc. lifted its stake in shares of FirstEnergy by 507.9% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 640 shares during the period. Finally, Summit Securities Group LLC lifted its stake in shares of FirstEnergy by 148.0% in the 4th quarter. Summit Securities Group LLC now owns 771 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 2,376 shares during the period. 89.41% of the stock is currently owned by institutional investors.

FirstEnergy Price Performance

Shares of NYSE FE opened at $48.48 on Friday. FirstEnergy Corporation has a twelve month low of $39.34 and a twelve month high of $52.34. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 1.87. The firm has a 50-day moving average of $46.57 and a two-hundred day moving average of $47.69. The company has a market capitalization of $28.04 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 2.32 and a beta of 0.47.

FirstEnergy (NYSE:FE) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.72. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The company had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the previous year, the company posted $0.67 EPS. The business’s revenue was up 11.6% compared to the same quarter last year. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, analysts expect that FirstEnergy Corporation will post 2.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. New Street Research set a $52.00 price objective on shares of FirstEnergy in a research note on Tuesday, April 21st. Wolfe Research downgraded FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Weiss Ratings downgraded FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 17th. TD Cowen raised FirstEnergy from a “hold” rating to a “buy” rating and decreased their price target for the company from $56.00 to $53.00 in a research note on Friday, May 15th. Finally, Jefferies Financial Group lifted their price target on FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, April 21st. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $52.23.

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.