Convergence Investment Partners LLC Acquires Shares of 25,553 FirstEnergy Corporation $FE

Convergence Investment Partners LLC bought a new position in FirstEnergy Corporation (NYSE:FE) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 25,553 shares of the utilities provider’s stock, valued at approximately $1,295,000.

A number of other institutional investors have also bought and sold shares of the business. Parallel Advisors LLC increased its holdings in shares of FirstEnergy by 4.1% in the fourth quarter. Parallel Advisors LLC now owns 5,381 shares of the utilities provider’s stock valued at $241,000 after purchasing an additional 213 shares during the last quarter. Simplicity Wealth LLC lifted its position in FirstEnergy by 3.4% during the first quarter. Simplicity Wealth LLC now owns 6,839 shares of the utilities provider’s stock worth $346,000 after buying an additional 223 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in FirstEnergy by 5.0% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 4,677 shares of the utilities provider’s stock worth $209,000 after buying an additional 223 shares during the last quarter. Pinnacle Bancorp Inc. boosted its stake in FirstEnergy by 44.4% during the first quarter. Pinnacle Bancorp Inc. now owns 754 shares of the utilities provider’s stock worth $38,000 after buying an additional 232 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in FirstEnergy by 4.8% in the 4th quarter. Signaturefd LLC now owns 5,181 shares of the utilities provider’s stock valued at $232,000 after buying an additional 235 shares in the last quarter. 89.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on FE shares. Barclays raised their target price on FirstEnergy from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday. New Street Research set a $52.00 price target on shares of FirstEnergy in a research report on Tuesday, April 21st. Wells Fargo & Company reissued an “overweight” rating and issued a $55.00 price objective on shares of FirstEnergy in a report on Tuesday, April 21st. Jefferies Financial Group raised their price objective on shares of FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, April 21st. Finally, UBS Group lifted their target price on shares of FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $52.92.

FirstEnergy Trading Down 0.4%

FE opened at $48.34 on Wednesday. FirstEnergy Corporation has a 52 week low of $41.03 and a 52 week high of $52.34. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 1.87. The business has a fifty day simple moving average of $46.89 and a 200-day simple moving average of $48.03. The firm has a market cap of $27.96 billion, a P/E ratio of 26.27, a P/E/G ratio of 2.32 and a beta of 0.47.

FirstEnergy (NYSE:FE) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.72. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The firm had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the previous year, the business earned $0.67 EPS. The company’s quarterly 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. On average, equities analysts expect that FirstEnergy Corporation will post 2.74 earnings per share for the current year.

About FirstEnergy

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.