Richard Bernstein Advisors Trims FirstEnergy Stake

Hedge fund reduces holdings in utility provider by over 50%

Published on Mar. 10, 2026

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Richard Bernstein Advisors LLC, an investment management firm, has reduced its stake in FirstEnergy Corporation (NYSE:FE) by 53.7% during the third quarter, according to a recent SEC filing. The firm now owns 55,002 shares of the utilities provider's stock, down from 118,823 shares previously held.

Why it matters

This move by a prominent hedge fund could signal a shift in sentiment around FirstEnergy, a major electric utility serving customers across the Midwest and Mid-Atlantic regions. Investors will be watching to see if other institutional holders follow suit or maintain their positions in the stock.

The details

According to the 13F filing, Richard Bernstein Advisors sold 63,821 shares of FirstEnergy during the third quarter. The firm's total holdings in the company are now valued at $2.52 million, down from $5.45 million at the end of the prior quarter. The sale comes as FirstEnergy's stock has risen over 10% in the past year, outperforming the broader utilities sector.

  • Richard Bernstein Advisors filed the 13F report disclosing the stake reduction on March 10, 2026.
  • The hedge fund sold the 63,821 shares of FirstEnergy during the third quarter of 2025.

The players

Richard Bernstein Advisors LLC

An investment management firm that provides asset allocation and portfolio construction services to institutional and private clients.

FirstEnergy Corporation

A U.S.-based electric utility holding company that delivers electricity to residential, commercial, and industrial customers across the Midwest and Mid-Atlantic regions.

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The takeaway

The reduction in Richard Bernstein Advisors' FirstEnergy stake could signal a shift in institutional sentiment around the utility company, though it remains to be seen if other major investors will follow suit. Analysts and investors will be closely monitoring FirstEnergy's performance and any further changes in institutional holdings.