FirstEnergy Corp. (NYSE:FE - Free Report) - Stock analysts at Zacks Research cut their Q4 2024 earnings per share estimates for FirstEnergy in a report released on Monday, October 28th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings of $0.70 per share for the quarter, down from their prior estimate of $0.71. The consensus estimate for FirstEnergy's current full-year earnings is $2.70 per share. Zacks Research also issued estimates for FirstEnergy's Q3 2025 earnings at $0.93 EPS and Q4 2025 earnings at $0.75 EPS.
Several other research firms have also recently commented on FE. Argus upgraded shares of FirstEnergy from a "hold" rating to a "buy" rating and set a $50.00 target price for the company in a research note on Friday, September 20th. JPMorgan Chase & Co. raised their target price on shares of FirstEnergy from $45.00 to $46.00 and gave the company a "neutral" rating in a report on Friday, October 18th. Scotiabank lifted their price target on shares of FirstEnergy from $40.00 to $45.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 20th. Morgan Stanley lifted their price target on shares of FirstEnergy from $48.00 to $51.00 and gave the stock an "overweight" rating in a report on Wednesday, September 25th. Finally, Barclays boosted their target price on shares of FirstEnergy from $40.00 to $46.00 and gave the company an "equal weight" rating in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, FirstEnergy presently has an average rating of "Hold" and a consensus target price of $46.00.
View Our Latest Stock Report on FirstEnergy
FirstEnergy Stock Performance
Shares of FE stock traded down $0.63 during mid-day trading on Wednesday, hitting $42.20. The stock had a trading volume of 5,933,472 shares, compared to its average volume of 2,935,750. FirstEnergy has a fifty-two week low of $34.92 and a fifty-two week high of $44.97. The firm has a market cap of $24.30 billion, a PE ratio of 29.99, a PEG ratio of 2.28 and a beta of 0.50. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.51 and a quick ratio of 0.43. The company's 50-day simple moving average is $43.69 and its 200-day simple moving average is $41.04.
FirstEnergy (NYSE:FE - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.06). FirstEnergy had a return on equity of 12.12% and a net margin of 6.61%. The company had revenue of $3.73 billion for the quarter, compared to analysts' expectations of $3.96 billion. During the same quarter in the prior year, the firm posted $0.88 EPS. The firm's quarterly revenue was up 6.9% compared to the same quarter last year.
FirstEnergy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 7th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 4.03%. The ex-dividend date is Thursday, November 7th. FirstEnergy's payout ratio is currently 120.57%.
Institutional Investors Weigh In On FirstEnergy
A number of institutional investors and hedge funds have recently bought and sold shares of FE. Livelsberger Financial Advisory acquired a new position in shares of FirstEnergy in the 3rd quarter valued at about $26,000. FinTrust Capital Advisors LLC grew its holdings in FirstEnergy by 1,150.9% during the first quarter. FinTrust Capital Advisors LLC now owns 663 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 610 shares during the last quarter. ST Germain D J Co. Inc. grew its holdings in FirstEnergy by 1,138.9% during the second quarter. ST Germain D J Co. Inc. now owns 669 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 615 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in FirstEnergy during the second quarter valued at approximately $32,000. Finally, Sachetta LLC raised its stake in FirstEnergy by 36.0% during the 2nd quarter. Sachetta LLC now owns 929 shares of the utilities provider's stock valued at $39,000 after purchasing an additional 246 shares during the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.
FirstEnergy Company Profile
(
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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.
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