FirstEnergy (FE) Expected to Announce Earnings on Wednesday

FirstEnergy (NYSE:FE - Get Free Report) will likely be announcing its earnings results after the market closes on Wednesday, April 23rd. Analysts expect FirstEnergy to post earnings of $0.58 per share and revenue of $3.68 billion for the quarter. FirstEnergy has set its FY 2025 guidance at 2.400-2.600 EPS.Parties interested in listening to the company's conference call can do so using this link.

FirstEnergy (NYSE:FE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The utilities provider reported $0.67 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.03). The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.53 billion. FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. On average, analysts expect FirstEnergy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

FirstEnergy Stock Up 2.6 %

FirstEnergy stock traded up $1.07 during trading hours on Friday, hitting $41.87. The company had a trading volume of 8,445,299 shares, compared to its average volume of 3,477,352. The firm's fifty day moving average is $39.99 and its 200-day moving average is $40.73. The firm has a market capitalization of $24.14 billion, a P/E ratio of 27.01, a price-to-earnings-growth ratio of 2.07 and a beta of 0.41. FirstEnergy has a fifty-two week low of $37.58 and a fifty-two week high of $44.97. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.56 and a quick ratio of 0.46.

FirstEnergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 7th will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 4.25%. This is a positive change from FirstEnergy's previous quarterly dividend of $0.43. The ex-dividend date is Wednesday, May 7th. FirstEnergy's dividend payout ratio (DPR) is currently 104.71%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in FirstEnergy stock. Brighton Jones LLC acquired a new stake in shares of FirstEnergy Corp. (NYSE:FE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,441 shares of the utilities provider's stock, valued at approximately $256,000. 89.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on FE shares. Wells Fargo & Company lowered their target price on FirstEnergy from $48.00 to $41.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. UBS Group increased their price objective on FirstEnergy from $41.00 to $43.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Wolfe Research downgraded shares of FirstEnergy from an "outperform" rating to a "peer perform" rating in a research report on Thursday, January 23rd. Morgan Stanley reduced their price target on FirstEnergy from $52.00 to $48.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. Finally, Guggenheim raised their price objective on FirstEnergy from $45.00 to $47.00 and gave the company a "buy" rating in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $45.17.

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.