FY2027 EPS Estimates for FirstEnergy Decreased by Analyst

FirstEnergy Corp. (NYSE:FE - Free Report) - Analysts at Seaport Res Ptn reduced their FY2027 earnings per share (EPS) estimates for FirstEnergy in a research report issued to clients and investors on Thursday, October 31st. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will post earnings of $3.33 per share for the year, down from their previous forecast of $3.34. Seaport Res Ptn has a "Hold" rating on the stock. The consensus estimate for FirstEnergy's current full-year earnings is $2.69 per share.

FirstEnergy (NYSE:FE - Get Free Report) last announced its earnings results on Tuesday, October 29th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.05). The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.96 billion. FirstEnergy had a net margin of 6.64% and a return on equity of 11.38%. The company's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 earnings per share.

FE has been the subject of several other reports. KeyCorp raised their price objective on FirstEnergy from $47.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. upped their price target on FirstEnergy from $45.00 to $46.00 and gave the stock a "neutral" rating in a report on Friday, October 18th. Barclays increased their price objective 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. Jefferies Financial Group initiated coverage on FirstEnergy in a research note on Monday, October 14th. They issued a "hold" rating and a $46.00 price target on the stock. Finally, Wells Fargo & Company upped their price objective on shares of FirstEnergy from $42.00 to $45.00 and gave the company an "equal weight" rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $46.00.

FirstEnergy Stock Performance

Shares of NYSE:FE traded down $0.18 on Monday, hitting $41.55. 2,473,059 shares of the company were exchanged, compared to its average volume of 2,951,369. The stock's 50 day moving average price is $43.58 and its 200 day moving average price is $41.16. FirstEnergy has a 1-year low of $34.92 and a 1-year high of $44.97. The company has a current ratio of 0.56, a quick ratio of 0.43 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $23.95 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 2.24 and a beta of 0.51.

FirstEnergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 7th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date is Thursday, November 7th. FirstEnergy's dividend payout ratio is presently 109.68%.

Institutional Investors Weigh In On FirstEnergy

A number of institutional investors have recently modified their holdings of FE. First Trust Direct Indexing L.P. increased its position in shares of FirstEnergy by 15.6% in the 1st quarter. First Trust Direct Indexing L.P. now owns 7,306 shares of the utilities provider's stock valued at $282,000 after purchasing an additional 988 shares during the last quarter. Norden Group LLC lifted its position in FirstEnergy by 77.5% in the first quarter. Norden Group LLC now owns 18,488 shares of the utilities provider's stock valued at $714,000 after purchasing an additional 8,074 shares during the period. Private Advisor Group LLC boosted its stake in shares of FirstEnergy by 7.0% in the first quarter. Private Advisor Group LLC now owns 22,278 shares of the utilities provider's stock valued at $860,000 after buying an additional 1,461 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of FirstEnergy by 2.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 15,418 shares of the utilities provider's stock worth $595,000 after purchasing an additional 396 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in FirstEnergy by 19.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 111,591 shares of the utilities provider's stock worth $4,310,000 after buying an additional 18,515 shares during the period. 89.41% of the stock is owned by institutional investors and hedge funds.

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.