Assetmark Inc. Increases Stake in FirstEnergy Corporation $FE

Assetmark Inc. lifted its stake in shares of FirstEnergy Corporation (NYSE:FE) by 30.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 74,246 shares of the utilities provider’s stock after buying an additional 17,438 shares during the quarter. Assetmark Inc.’s holdings in FirstEnergy were worth $3,761,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its position in FirstEnergy by 11,305.6% during 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 acquiring an additional 1,957,673 shares during the period. Intech Investment Management LLC increased its holdings in shares of FirstEnergy by 42.8% in the fourth quarter. Intech Investment Management LLC now owns 85,247 shares of the utilities provider’s stock valued at $3,817,000 after purchasing an additional 25,571 shares during the period. Vanguard Group Inc. raised its stake 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 worth $3,049,255,000 after purchasing an additional 761,157 shares during the last quarter. BW Gestao de Investimentos Ltda. purchased a new stake in shares of FirstEnergy during the fourth quarter worth approximately $15,172,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of FirstEnergy by 2.3% during 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 acquiring an additional 205,618 shares during the period. 89.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Weiss Ratings downgraded FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 17th. Wolfe Research cut shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. UBS Group lifted their price target on shares of FirstEnergy from $50.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. Barclays boosted their price target on FirstEnergy from $53.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $55.00 price objective on shares of FirstEnergy in a research note 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $52.92.

FirstEnergy Trading Up 1.8%

Shares of FE stock opened at $49.28 on Thursday. The firm’s 50 day moving average price is $46.99 and its two-hundred day moving average price is $48.06. 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 fifty-two week low of $41.03 and a fifty-two week high of $52.34. The stock has a market cap of $28.51 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 2.32 and a beta of 0.47.

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

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.