FirstEnergyFE
Market Cap: $25.4B
About: FirstEnergy is an investor-owned holding company with 10 regulated distribution utilities across six mid-Atlantic and Midwestern states. FirstEnergy also owns and operates one of the nation's largest electric transmission systems.
Employees: 12,042
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
115% more call options, than puts
Call options by funds: $72.9M | Put options by funds: $33.9M
62% more first-time investments, than exits
New positions opened: 86 | Existing positions closed: 53
17% more repeat investments, than reductions
Existing positions increased: 266 | Existing positions reduced: 227
5% more funds holding
Funds holding: 677 [Q1] → 710 (+33) [Q2]
3% less capital invested
Capital invested by funds: $19B [Q1] → $18.5B (-$516M) [Q2]
1.73% less ownership
Funds ownership: 85.68% [Q1] → 83.95% (-1.73%) [Q2]
20% less funds holding in top 10
Funds holding in top 10: 5 [Q1] → 4 (-1) [Q2]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
B of A Securities Julien Dumoulin-Smith 68% 1-year accuracy 32 / 47 met price target | 3%downside $43 | Underperform Maintained | 29 Aug 2024 |
Morgan Stanley Stephen Byrd 60% 1-year accuracy 40 / 67 met price target | 9%upside $48 | Overweight Maintained | 23 Aug 2024 |
Scotiabank Andrew Weisel 87% 1-year accuracy 20 / 23 met price target | 2%upside $45 | Sector Perform Maintained | 20 Aug 2024 |
Keybanc Sophie Karp 82% 1-year accuracy 32 / 39 met price target | 2%upside $45 | Overweight Maintained | 14 Aug 2024 |
JP Morgan Jeremy Tonet 88% 1-year accuracy 22 / 25 met price target | 2%upside $45 | Neutral Maintained | 7 Aug 2024 |
Financial journalist opinion
Based on 16 articles about FE published over the past 30 days