Wealthfront Advisers LLC Has $12.85 Million Stock Holdings in FirstEnergy Corporation $FE

Wealthfront Advisers LLC boosted its holdings in shares of FirstEnergy Corporation (NYSE:FE) by 16.6% during the first quarter, HoldingsChannel reports. The fund owned 253,702 shares of the utilities provider’s stock after purchasing an additional 36,039 shares during the quarter. Wealthfront Advisers LLC’s holdings in FirstEnergy were worth $12,853,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FE. Vanguard Group Inc. lifted its holdings 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 period. Boston Partners increased its holdings in FirstEnergy by 13.5% in the third quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock valued at $841,161,000 after purchasing an additional 2,185,400 shares during the period. Geode Capital Management LLC increased its holdings in FirstEnergy by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 13,463,298 shares of the utilities provider’s stock valued at $600,351,000 after purchasing an additional 126,834 shares during the period. Invesco Ltd. increased its holdings in FirstEnergy by 0.3% in the fourth quarter. Invesco Ltd. now owns 11,722,471 shares of the utilities provider’s stock valued at $524,815,000 after purchasing an additional 34,014 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in FirstEnergy by 2.3% during 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 purchasing an additional 205,618 shares during the last quarter. 89.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on FE. Wolfe Research downgraded FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. TD Cowen raised FirstEnergy from a “hold” rating to a “buy” rating and decreased their price target for the company from $56.00 to $53.00 in a research note on Friday, May 15th. UBS Group raised their price objective on FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $52.00 price objective on shares of FirstEnergy in a research note on Wednesday, June 24th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $55.00 target price on shares of FirstEnergy in a report on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.75.

FirstEnergy Stock Performance

Shares of FE opened at $49.10 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 1.87. The firm’s fifty day simple moving average is $46.65 and its two-hundred day simple moving average is $47.95. FirstEnergy Corporation has a 12 month low of $40.17 and a 12 month high of $52.34. The stock has a market capitalization of $28.40 billion, a P/E ratio of 26.68, a price-to-earnings-growth ratio of 2.33 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 for the quarter, hitting the consensus estimate of $0.72. The firm had revenue of $4.20 billion during 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 business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the company posted $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, analysts predict that FirstEnergy Corporation will post 2.74 EPS 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.