Q2 Earnings Estimate for FirstEnergy Issued By KeyCorp

FirstEnergy Corporation (NYSE:FE) – Investment analysts at KeyCorp issued their Q2 2026 earnings per share estimates for FirstEnergy in a report released on Wednesday, July 22nd. KeyCorp analyst S. Karp expects that the utilities provider will earn $0.47 per share for the quarter. The consensus estimate for FirstEnergy’s current full-year earnings is $2.73 per share. KeyCorp also issued estimates for FirstEnergy’s Q3 2026 earnings at $0.98 EPS, Q4 2026 earnings at $0.56 EPS, FY2026 earnings at $2.72 EPS, FY2028 earnings at $3.17 EPS, FY2029 earnings at $3.37 EPS and FY2030 earnings at $3.59 EPS.

A number of other research firms have also commented on FE. UBS Group upped their price objective on shares of FirstEnergy from $50.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. 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 reissued an “overweight” rating and set a $55.00 target price on shares of FirstEnergy in a research note on Tuesday, April 21st. TD Cowen upgraded shares of FirstEnergy from a “hold” rating to a “buy” rating and dropped their target price for the company from $56.00 to $53.00 in a report on Friday, May 15th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of FirstEnergy in a research report on Wednesday. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.92.

FirstEnergy Stock Up 0.8%

FirstEnergy stock opened at $49.91 on Friday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.42 and a current ratio of 0.52. FirstEnergy has a 52-week low of $41.30 and a 52-week high of $52.34. The firm has a 50 day moving average price of $47.21 and a two-hundred day moving average price of $48.10. The firm has a market cap of $28.87 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 2.39 and a beta of 0.47.

FirstEnergy (NYSE:FE) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same period in the previous year, the firm earned $0.67 earnings per share. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS.

FirstEnergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be paid a $0.465 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.86 annualized dividend and a yield of 3.7%. FirstEnergy’s payout ratio is 101.09%.

Hedge Funds Weigh In On FirstEnergy

A number of institutional investors and hedge funds have recently modified their holdings of FE. Brighton Jones LLC bought a new stake in shares of FirstEnergy in the 4th quarter valued at $256,000. Integrated Wealth Concepts LLC bought a new position in FirstEnergy during the first quarter worth $289,000. Empowered Funds LLC grew its holdings in FirstEnergy by 7.0% in the first quarter. Empowered Funds LLC now owns 11,213 shares of the utilities provider’s stock worth $453,000 after purchasing an additional 732 shares during the period. Woodline Partners LP increased its stake in FirstEnergy by 40.7% in the first quarter. Woodline Partners LP now owns 43,334 shares of the utilities provider’s stock valued at $1,752,000 after purchasing an additional 12,531 shares in the last quarter. Finally, Focus Partners Wealth increased its stake in FirstEnergy by 6.8% in the first quarter. Focus Partners Wealth now owns 21,178 shares of the utilities provider’s stock valued at $856,000 after purchasing an additional 1,340 shares in the last quarter. 89.41% of the stock is currently owned by institutional investors.

Key FirstEnergy News

Here are the key news stories impacting FirstEnergy this week:

• Positive Sentiment: Wells Fargo initiated/maintained a Buy stance on FirstEnergy, signaling renewed analyst confidence in the utility’s outlook. FirstEnergy (FE) Receives a Buy from Wells Fargo
• Positive Sentiment: KeyCorp raised longer-term earnings estimates for FY2028, FY2029 and FY2030, suggesting expectations for steady earnings growth over time.
• Positive Sentiment: FirstEnergy declared a quarterly dividend of $0.465 per share with a roughly 3.8% annualized yield, reinforcing its appeal to income-focused investors.
• Neutral Sentiment: KeyCorp trimmed its FY2026 EPS estimate slightly to $2.72 from $2.73, but that is still close to the current consensus of $2.74 and does not materially change the near-term outlook.
• Neutral Sentiment: KeyCorp’s near-term quarter estimates imply mixed results, including Q2 EPS of $0.47 and Q3 EPS of $0.98, leaving investors focused on whether upcoming earnings can beat expectations.
• Neutral Sentiment: In a preview of upcoming results, analysts expect Q2 revenue to rise about 6.28% on load growth and grid investment, while EPS may decline modestly, a mixed but not alarming setup ahead of reporting. FirstEnergy to Report Q2 Earnings: What’s in Store for the Stock?

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.