FirstEnergy Corporation $FE Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in shares of FirstEnergy Corporation (NYSE:FE) by 2.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 615,763 shares of the utilities provider’s stock after selling 16,222 shares during the period. Principal Financial Group Inc. owned approximately 0.11% of FirstEnergy worth $31,195,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in shares of FirstEnergy by 11,305.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,974,989 shares of the utilities provider’s stock valued at $81,699,000 after purchasing an additional 1,957,673 shares during the period. Intech Investment Management LLC lifted its holdings in shares of FirstEnergy by 42.8% during the fourth quarter. Intech Investment Management LLC now owns 85,247 shares of the utilities provider’s stock worth $3,817,000 after purchasing an additional 25,571 shares during the period. BW Gestao de Investimentos Ltda. purchased a new stake in FirstEnergy in the fourth quarter valued at approximately $15,172,000. Vanguard Group Inc. boosted its position in FirstEnergy by 1.1% in 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 increased its holdings 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 worth $419,889,000 after buying an additional 205,618 shares during the period. 89.41% of the stock is owned by hedge funds and other institutional investors.

FirstEnergy Trading Up 0.0%

Shares of NYSE:FE opened at $48.53 on Monday. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 1.87. FirstEnergy Corporation has a 12-month low of $40.50 and a 12-month high of $52.34. The business has a 50 day moving average of $46.74 and a two-hundred day moving average of $47.98. The company has a market capitalization of $28.07 billion, a PE ratio of 26.38, a PEG ratio of 2.32 and a beta of 0.47.

FirstEnergy (NYSE:FE) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. The business had revenue of $4.20 billion for 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 was up 11.6% on a year-over-year basis. During the same quarter last year, the company earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, analysts forecast that FirstEnergy Corporation will post 2.74 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. UBS Group raised their price target 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. Wolfe Research lowered shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. TD Cowen raised shares of FirstEnergy from a “hold” rating to a “buy” rating and reduced their target price for the stock from $56.00 to $53.00 in a report on Friday, May 15th. Wells Fargo & Company restated an “overweight” rating and set a $55.00 target price on shares of FirstEnergy in a research report on Tuesday, April 21st. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $52.00 price target on shares of FirstEnergy in a research report on Wednesday, June 24th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus 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.