Zacks Research Brokers Boost Earnings Estimates for FirstEnergy Corp. (NYSE:FE)

FirstEnergy Corp. (NYSE:FE) – Equities research analysts at Zacks Research increased their Q4 2024 earnings per share (EPS) estimates for shares of FirstEnergy in a research report issued on Tuesday, April 23rd. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings of $0.63 per share for the quarter, up from their previous forecast of $0.60. The consensus estimate for FirstEnergy’s current full-year earnings is $2.66 per share. Zacks Research also issued estimates for FirstEnergy’s Q2 2025 earnings at $0.68 EPS, Q3 2025 earnings at $0.89 EPS, Q1 2026 earnings at $0.81 EPS and FY2026 earnings at $3.08 EPS.

Several other brokerages have also commented on FE. Scotiabank dropped their price objective on FirstEnergy from $41.00 to $40.00 and set a “sector perform” rating on the stock in a report on Monday. Bank of America lifted their price target on shares of FirstEnergy from $30.00 to $35.00 and gave the company an “underperform” rating in a research note on Tuesday. KeyCorp upped their price objective on shares of FirstEnergy from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. The Goldman Sachs Group started coverage on shares of FirstEnergy in a research report on Wednesday, April 10th. They issued a “buy” rating and a $45.00 target price on the stock. Finally, StockNews.com downgraded shares of FirstEnergy from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $39.80.

FirstEnergy Stock Up 0.5 %

FE opened at $38.30 on Wednesday. The company has a fifty day moving average of $37.79 and a two-hundred day moving average of $37.08. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.38 and a current ratio of 0.48. FirstEnergy has a fifty-two week low of $32.18 and a fifty-two week high of $41.17. The stock has a market capitalization of $22.04 billion, a price-to-earnings ratio of 21.16 and a beta of 0.48.

FirstEnergy (NYSE:FE) last announced its quarterly earnings results on Friday, February 9th. The utilities provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. The company had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.10 billion. FirstEnergy had a return on equity of 13.52% and a net margin of 8.56%. FirstEnergy’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the business earned $0.50 earnings per share.

FirstEnergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a $0.425 dividend. This is an increase from FirstEnergy’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, May 6th. This represents a $1.70 dividend on an annualized basis and a yield of 4.44%. FirstEnergy’s dividend payout ratio is presently 90.61%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. MGO One Seven LLC boosted its position in shares of FirstEnergy by 4.7% during the 3rd quarter. MGO One Seven LLC now owns 6,425 shares of the utilities provider’s stock valued at $220,000 after acquiring an additional 287 shares during the last quarter. Marcum Wealth LLC boosted its holdings in FirstEnergy by 3.8% in the 1st quarter. Marcum Wealth LLC now owns 7,973 shares of the utilities provider’s stock valued at $308,000 after purchasing an additional 295 shares during the last quarter. Allworth Financial LP boosted its holdings in FirstEnergy by 9.3% in the 4th quarter. Allworth Financial LP now owns 3,728 shares of the utilities provider’s stock valued at $137,000 after purchasing an additional 318 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of FirstEnergy by 1.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 28,575 shares of the utilities provider’s stock valued at $977,000 after buying an additional 339 shares during the period. Finally, Daymark Wealth Partners LLC increased its holdings in shares of FirstEnergy by 0.5% during the 4th quarter. Daymark Wealth Partners LLC now owns 72,037 shares of the utilities provider’s stock worth $2,641,000 after buying an additional 341 shares during the last quarter. 89.41% of the stock is owned by hedge funds and other institutional investors.

About FirstEnergy

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities.