Legal & General Group Plc Acquires 66,529 Shares of FirstEnergy Corporation $FE

Key Points

• Legal & General Group Plc increased its stake in FirstEnergy by 1.5% in the fourth quarter, buying 66,529 more shares and bringing its total holding to 4.59 million shares valued at about $205.3 million.
• Insiders sold shares recently, including Director James F. Oneil and CFO Jon Taylor K., with total insider selling over the last 90 days reaching 39,118 shares worth about $2.0 million.
• FirstEnergy reported solid quarterly results with EPS of $0.72 in line with expectations and revenue of $4.20 billion, up 11.6% year over year; analysts currently rate the stock a Moderate Buy with an average price target of $51.69.

Legal & General Group Plc raised its holdings in FirstEnergy Corporation (NYSE:FE - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 owned about 0.79% of FirstEnergy worth $205,347,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC raised its holdings in FirstEnergy by 4.8% in the fourth quarter. Signaturefd LLC now owns 5,181 shares of the utilities provider's stock worth $232,000 after purchasing an additional 235 shares during the period. Independent Advisor Alliance boosted its position in shares of FirstEnergy by 1.0% during the third quarter. Independent Advisor Alliance now owns 23,225 shares of the utilities provider's stock worth $1,064,000 after purchasing an additional 236 shares in the last quarter. Allworth Financial LP boosted its position in shares of FirstEnergy by 3.7% during the fourth quarter. Allworth Financial LP now owns 6,778 shares of the utilities provider's stock worth $303,000 after purchasing an additional 241 shares in the last quarter. Intrust Bank NA boosted its position in shares of FirstEnergy by 2.7% during the fourth quarter. Intrust Bank NA now owns 9,089 shares of the utilities provider's stock worth $407,000 after purchasing an additional 243 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in shares of FirstEnergy by 3.3% during the fourth quarter. IFP Advisors Inc now owns 7,578 shares of the utilities provider's stock worth $339,000 after purchasing an additional 244 shares in the last quarter. 89.41% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director James F. Oneil sold 7,945 shares of the firm's stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $50.60, for a total transaction of $402,017.00. Following the sale, the director directly owned 1,869 shares in the company, valued at $94,571.40. This trade represents a 80.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jon Taylor K. sold 26,800 shares of the firm's stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $50.94, for a total transaction of $1,365,192.00. Following the sale, the chief financial officer owned 119,552 shares in the company, valued at approximately $6,089,978.88. The trade was a 18.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 39,118 shares of company stock worth $1,989,532 over the last ninety days. Company insiders own 0.14% of the company's stock.

FirstEnergy Trading Up 0.3%

Shares of NYSE:FE opened at $46.80 on Thursday. FirstEnergy Corporation has a 12 month low of $39.28 and a 12 month 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 company's fifty day simple moving average is $48.45 and its 200 day simple moving average is $47.54. The firm has a market cap of $27.07 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 2.23 and a beta of 0.48.

FirstEnergy (NYSE:FE - Get Free Report) 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. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same period last year, the business posted $0.67 earnings per share. The firm's quarterly revenue was up 11.6% on a year-over-year basis. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, research analysts forecast that FirstEnergy Corporation will post 2.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FE. Jefferies Financial Group lifted their price target 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. JPMorgan Chase & Co. lifted their price target on shares of FirstEnergy from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Thursday, March 12th. Mizuho set a $51.00 price target on shares of FirstEnergy in a research report on Thursday, February 19th. Barclays lifted their price target on shares of FirstEnergy from $50.00 to $53.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 8th. Finally, Scotiabank reissued an "outperform" rating on shares of FirstEnergy in a research report on Thursday, February 19th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $51.69.

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.

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