Scotiabank Predicts FirstEnergy’s FY2025 Earnings (NYSE:FE)

FirstEnergy Corporation (NYSE:FE) – Analysts at Scotiabank raised their FY2025 EPS estimates for FirstEnergy in a research report issued on Friday, January 23rd. Scotiabank analyst A. Weisel now expects that the utilities provider will post earnings of $2.55 per share for the year, up from their previous forecast of $2.52. Scotiabank currently has a “Sector Outperform” rating and a $51.00 target price on the stock. The consensus estimate for FirstEnergy’s current full-year earnings is $2.66 per share.

A number of other equities research analysts have also weighed in on the company. Jefferies Financial Group lifted their price objective on FirstEnergy from $45.00 to $47.00 and gave the company a “hold” rating in a report on Tuesday, October 21st. KeyCorp cut FirstEnergy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 14th. Morgan Stanley restated an “overweight” rating on shares of FirstEnergy in a research note on Wednesday. Wells Fargo & Company cut their price objective on FirstEnergy from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of FirstEnergy in a report on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.75.

FirstEnergy Trading Down 1.0%

NYSE FE opened at $46.59 on Monday. The company has a quick ratio of 0.64, a current ratio of 0.75 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $26.91 billion, a P/E ratio of 20.34, a P/E/G ratio of 2.65 and a beta of 0.64. FirstEnergy has a 52-week low of $37.58 and a 52-week high of $48.20. The firm has a 50-day moving average price of $45.58 and a 200 day moving average price of $44.69.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. SageView Advisory Group LLC increased its position in FirstEnergy by 2.3% in the 2nd quarter. SageView Advisory Group LLC now owns 10,253 shares of the utilities provider’s stock valued at $425,000 after acquiring an additional 233 shares in the last quarter. Signaturefd LLC grew its stake in shares of FirstEnergy by 4.8% during the fourth quarter. Signaturefd LLC now owns 5,181 shares of the utilities provider’s stock valued at $232,000 after purchasing an additional 235 shares during the last quarter. Independent Advisor Alliance grew its stake 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 valued at $1,064,000 after purchasing an additional 236 shares during the last quarter. CWM LLC increased its holdings in shares of FirstEnergy by 2.0% in the second quarter. CWM LLC now owns 12,044 shares of the utilities provider’s stock valued at $485,000 after purchasing an additional 240 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC raised its position in FirstEnergy by 0.5% in the 2nd quarter. Kohmann Bosshard Financial Services LLC now owns 48,454 shares of the utilities provider’s stock worth $1,951,000 after purchasing an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 89.41% of the company’s stock.

FirstEnergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 6th will be issued a $0.445 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $1.78 annualized dividend and a yield of 3.8%. FirstEnergy’s dividend payout ratio is 77.73%.

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.