Nomura Asset Management Co. Ltd. Purchases 13,616 Shares of FirstEnergy Corporation $FE

Nomura Asset Management Co. Ltd. raised its position in FirstEnergy Corporation (NYSE:FE) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 221,254 shares of the utilities provider’s stock after purchasing an additional 13,616 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in FirstEnergy were worth $9,906,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of FirstEnergy by 11,305.6% during the fourth 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 last quarter. Heartland Advisors Inc. raised its position in shares of FirstEnergy by 29.0% during the third quarter. Heartland Advisors Inc. now owns 324,856 shares of the utilities provider’s stock worth $14,885,000 after acquiring an additional 72,964 shares during the last quarter. Harvest Portfolios Group Inc. raised its position in shares of FirstEnergy by 15.3% during the third quarter. Harvest Portfolios Group Inc. now owns 208,941 shares of the utilities provider’s stock worth $9,574,000 after acquiring an additional 27,655 shares during the last quarter. Wealthfront Advisers LLC raised its position in shares of FirstEnergy by 18.1% during the third quarter. Wealthfront Advisers LLC now owns 202,162 shares of the utilities provider’s stock worth $9,263,000 after acquiring an additional 30,955 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of FirstEnergy by 42.6% during the third quarter. First Trust Advisors LP now owns 2,992,975 shares of the utilities provider’s stock worth $137,138,000 after acquiring an additional 894,549 shares during the last quarter. 89.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on FE shares. TD Cowen upgraded FirstEnergy from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $56.00 to $53.00 in a research report on Friday, May 15th. Barclays raised their price objective on FirstEnergy from $50.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Wolfe Research downgraded FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Wells Fargo & Company restated an “overweight” rating and set a $55.00 price objective on shares of FirstEnergy in a research report on Tuesday, April 21st. Finally, Weiss Ratings downgraded FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.69.

FirstEnergy Trading Down 0.1%

Shares of FE stock opened at $45.33 on Wednesday. The company has a market cap of $26.22 billion, a P/E ratio of 24.63, a PEG ratio of 2.17 and a beta of 0.47. The stock has a 50 day simple moving average of $48.18 and a two-hundred day simple moving average of $47.54. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.42 and a current ratio of 0.52. FirstEnergy Corporation has a fifty-two week low of $39.28 and a fifty-two week high of $52.34.

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

Insiders Place Their Bets

In other FirstEnergy news, CAO Jason Lisowski sold 1,373 shares of FirstEnergy stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $50.84, for a total value of $69,803.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jon Taylor K. sold 26,800 shares of FirstEnergy stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $50.94, for a total value 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 39,118 shares of company stock worth $1,989,532. 0.14% of the stock is owned by corporate insiders.

FirstEnergy 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.