Zacks Research Decreases Earnings Estimates for FirstEnergy

FirstEnergy Corp. (NYSE:FE) – Equities research analysts at Zacks Research cut their Q1 2025 EPS estimates for shares of FirstEnergy in a note issued to investors on Wednesday, April 2nd. Zacks Research analyst R. Department now forecasts that the utilities provider will earn $0.58 per share for the quarter, down from their previous estimate 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 $0.59 EPS, Q3 2025 earnings at $0.83 EPS, FY2025 earnings at $2.80 EPS, Q1 2026 earnings at $0.62 EPS, Q3 2026 earnings at $0.92 EPS, Q4 2026 earnings at $0.83 EPS and FY2026 earnings at $3.00 EPS.

Several other brokerages have also recently weighed in on FE. Wolfe Research cut FirstEnergy from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 23rd. Scotiabank reduced their target price on shares of FirstEnergy from $50.00 to $44.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. Guggenheim lowered their price target on shares of FirstEnergy from $52.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Wells Fargo & Company cut their price objective on shares of FirstEnergy from $48.00 to $41.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. Finally, UBS Group lifted their target price on shares of FirstEnergy from $41.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $45.00.

FirstEnergy Stock Down 4.1 %

Shares of NYSE:FE opened at $39.38 on Friday. The firm has a market capitalization of $22.71 billion, a P/E ratio of 25.41, a P/E/G ratio of 2.07 and a beta of 0.41. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.56. The stock has a 50 day moving average price of $39.97 and a 200-day moving average price of $41.00. FirstEnergy has a 52-week low of $36.81 and a 52-week high of $44.97.

FirstEnergy (NYSE:FE) last released its quarterly earnings results on Wednesday, February 26th. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.53 billion.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Wedge Capital Management L L P NC purchased a new stake in FirstEnergy during the 4th quarter valued at $12,198,000. Mirae Asset Global Investments Co. Ltd. increased its position in FirstEnergy by 41.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,956 shares of the utilities provider’s stock valued at $1,902,000 after acquiring an additional 14,129 shares during the last quarter. Whalen Wealth Management Inc. bought a new position in FirstEnergy in the fourth quarter valued at about $664,000. Nomura Asset Management Co. Ltd. boosted its position in FirstEnergy by 16.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 186,406 shares of the utilities provider’s stock worth $8,267,000 after purchasing an additional 26,874 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its stake in shares of FirstEnergy by 6,689.2% during the 4th quarter. AdvisorNet Financial Inc now owns 10,727 shares of the utilities provider’s stock valued at $427,000 after purchasing an additional 10,569 shares during the period. 89.41% of the stock is owned by institutional investors.

FirstEnergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 7th will be paid a $0.445 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $1.78 annualized dividend and a dividend yield of 4.52%. This is a boost from FirstEnergy’s previous quarterly dividend of $0.43. FirstEnergy’s payout ratio is currently 104.71%.

FirstEnergy Company Profile

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.