California Public Employees Retirement System Sells 244,808 Shares of FirstEnergy Corporation $FE

California Public Employees Retirement System decreased its position in shares of FirstEnergy Corporation (NYSE:FE) by 11.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,829,096 shares of the utilities provider’s stock after selling 244,808 shares during the quarter. California Public Employees Retirement System owned approximately 0.32% of FirstEnergy worth $92,662,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in FirstEnergy by 11,305.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,974,989 shares of the utilities provider’s stock worth $81,699,000 after purchasing an additional 1,957,673 shares in the last quarter. Intech Investment Management LLC grew its holdings in FirstEnergy by 42.8% during the 4th quarter. Intech Investment Management LLC now owns 85,247 shares of the utilities provider’s stock valued at $3,817,000 after buying an additional 25,571 shares in the last quarter. BW Gestao de Investimentos Ltda. purchased a new stake in FirstEnergy during the 4th quarter valued at approximately $15,172,000. Vanguard Group Inc. raised its position in shares of FirstEnergy by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 68,109,341 shares of the utilities provider’s stock valued at $3,049,255,000 after buying an additional 761,157 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of FirstEnergy by 2.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,277,257 shares of the utilities provider’s stock worth $419,889,000 after buying an additional 205,618 shares in the last quarter. Institutional investors own 89.41% of the company’s stock.

FirstEnergy Stock Up 0.0%

NYSE FE opened at $48.53 on Monday. 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 company has a market capitalization of $28.07 billion, a P/E ratio of 26.38, a P/E/G ratio of 2.32 and a beta of 0.47. FirstEnergy Corporation has a one year low of $40.50 and a one year high of $52.34. The stock has a 50 day moving average price of $46.74 and a 200-day moving average price of $47.98.

FirstEnergy (NYSE:FE) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.72. The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates 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% 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, equities analysts predict that FirstEnergy Corporation will post 2.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FE has been the subject of a number of research reports. UBS Group upped their target price on shares of FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. New Street Research set a $52.00 price target on shares of FirstEnergy in a report on Tuesday, April 21st. TD Cowen upgraded shares of FirstEnergy from a “hold” rating to a “buy” rating and decreased their price target for the stock from $56.00 to $53.00 in a research note on Friday, May 15th. Jefferies Financial Group increased their price objective on shares of FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings lowered FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 17th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, FirstEnergy currently has an average rating of “Moderate Buy” and an average price target of $52.75.

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.