Legal & General Group Plc Has $205.35 Million Position in FirstEnergy Corporation $FE

Legal & General Group Plc raised its holdings in FirstEnergy Corporation (NYSE:FE) by 1.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,586,712 shares of the utilities provider’s stock after acquiring an additional 66,529 shares during the quarter. Legal & General Group Plc’s holdings in FirstEnergy were worth $205,347,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Capital World Investors increased its stake in FirstEnergy by 0.4% in the 3rd quarter. Capital World Investors now owns 78,328,151 shares of the utilities provider’s stock valued at $3,588,992,000 after buying an additional 305,531 shares during the last quarter. Vanguard Group Inc. increased its stake in FirstEnergy by 1.1% in the 4th 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. Boston Partners increased its stake in FirstEnergy by 13.5% in the 3rd quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock valued at $841,161,000 after buying an additional 2,185,400 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in FirstEnergy by 2.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,277,257 shares of the utilities provider’s stock valued at $419,889,000 after buying an additional 205,618 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in FirstEnergy by 25.2% in the 3rd quarter. Federated Hermes Inc. now owns 8,627,746 shares of the utilities provider’s stock valued at $395,323,000 after buying an additional 1,738,779 shares during the last quarter. 89.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on FE. Barclays lifted their price target on shares of FirstEnergy from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Morgan Stanley reiterated an “overweight” rating on shares of FirstEnergy in a research note on Wednesday, February 11th. JPMorgan Chase & Co. lifted their price target on shares of FirstEnergy from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Mizuho set a $51.00 price objective on shares of FirstEnergy in a research report on Thursday, February 19th. Finally, New Street Research set a $52.00 price objective on shares of FirstEnergy in a research report on Tuesday, April 21st. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.69.

FirstEnergy Stock Performance

Shares of FE opened at $46.80 on Thursday. The firm has a 50-day moving average of $48.45 and a 200-day moving average of $47.54. FirstEnergy Corporation has a one year low of $39.28 and a one year high of $52.34. The company has a market cap of $27.07 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 2.23 and a beta of 0.48. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.52 and a quick ratio of 0.42.

FirstEnergy (NYSE:FE) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, meeting analysts’ consensus estimates of $0.72. The company had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $3.80 billion. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, equities analysts forecast that FirstEnergy Corporation will post 2.73 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Jon Taylor K. sold 26,800 shares of FirstEnergy stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $50.94, for a total transaction of $1,365,192.00. Following the completion of the sale, the chief financial officer owned 119,552 shares of the company’s stock, valued at approximately $6,089,978.88. The trade was a 18.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Jason Lisowski sold 1,373 shares of FirstEnergy stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $50.84, for a total transaction of $69,803.32. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 39,118 shares of company stock valued at $1,989,532. Company insiders own 0.14% of the company’s stock.

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.