FirstEnergy Sees Unusually Large Options Volume (NYSE:FE)
by Sarita Garza · The Markets DailyFirstEnergy Corporation (NYSE:FE – Get Free Report) saw some unusual options trading activity on Thursday. Investors purchased 2,919 call options on the stock. This is an increase of 167% compared to the typical daily volume of 1,094 call options.
Institutional Investors Weigh In On FirstEnergy
A number of institutional investors have recently made changes to their positions in FE. Axiom Investment Management LLC bought a new position in shares of FirstEnergy during the first quarter worth about $26,000. State of Wyoming acquired a new stake in FirstEnergy during the 2nd quarter valued at approximately $25,000. Olistico Wealth LLC bought a new position in FirstEnergy during the 4th quarter worth approximately $31,000. Western Wealth Management LLC acquired a new position in shares of FirstEnergy in the 1st quarter worth approximately $37,000. Finally, DV Equities LLC bought a new position in FirstEnergy during the fourth quarter worth $33,000. Institutional investors own 89.41% of the company’s stock.
FirstEnergy Trading Down 0.4%
NYSE FE traded down $0.18 on Thursday, hitting $47.92. The company’s stock had a trading volume of 614,083 shares, compared to its average volume of 4,813,077. The company’s 50-day moving average is $46.48 and its 200 day moving average is $47.79. The firm has a market cap of $27.72 billion, a PE ratio of 26.04, a PEG ratio of 2.32 and a beta of 0.47. FirstEnergy has a 1-year low of $39.97 and a 1-year 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.
FirstEnergy (NYSE:FE – Get Free Report) last issued its quarterly earnings results 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 company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the previous year, the business earned $0.67 earnings per share. FirstEnergy’s 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. As a group, analysts predict that FirstEnergy will post 2.74 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on FE. Wolfe Research cut shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $55.00 target price on shares of FirstEnergy in a research note on Tuesday, April 21st. Jefferies Financial Group upped their price target on shares of FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a report on Tuesday, April 21st. Barclays increased their price target on FirstEnergy from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Finally, UBS Group boosted 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. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $52.23.
Check Out Our Latest Report on FirstEnergy
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.