Zacks Research Lowers Earnings Estimates for FirstEnergy

FirstEnergy Corp. (NYSE:FE - Free Report) - Equities researchers at Zacks Research dropped their Q1 2025 earnings per share estimates for FirstEnergy in a report released on Tuesday, February 4th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings per share of $0.61 for the quarter, down from their prior estimate of $0.62. The consensus estimate for FirstEnergy's current full-year earnings is $2.66 per share. Zacks Research also issued estimates for FirstEnergy's Q4 2025 earnings at $0.80 EPS.

A number of other brokerages also recently commented on FE. Seaport Res Ptn downgraded FirstEnergy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. lifted their price objective on shares of FirstEnergy from $45.00 to $46.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. Jefferies Financial Group assumed coverage on shares of FirstEnergy in a research note on Monday, October 14th. They issued a "hold" rating and a $46.00 price objective on the stock. Scotiabank upgraded FirstEnergy from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the company from $45.00 to $50.00 in a research note on Thursday, December 12th. Finally, Wolfe Research cut FirstEnergy from an "outperform" rating to a "peer perform" rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $46.27.

FirstEnergy Stock Performance

Shares of FirstEnergy stock traded down $0.46 during trading hours on Friday, hitting $39.70. 1,412,312 shares of the company were exchanged, compared to its average volume of 3,599,829. The stock has a market capitalization of $22.88 billion, a price-to-earnings ratio of 25.62, a P/E/G ratio of 2.01 and a beta of 0.52. FirstEnergy has a 1 year low of $36.01 and a 1 year high of $44.97. The business has a 50-day moving average of $39.95 and a 200-day moving average of $41.85. The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt-to-equity ratio of 1.58.

FirstEnergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 7th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date is Friday, February 7th. FirstEnergy's dividend payout ratio (DPR) is presently 109.68%.

Institutional Investors Weigh In On FirstEnergy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Corient Private Wealth LLC lifted its position in FirstEnergy by 10.1% during the fourth quarter. Corient Private Wealth LLC now owns 42,774 shares of the utilities provider's stock valued at $1,702,000 after acquiring an additional 3,932 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of FirstEnergy by 17.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,315 shares of the utilities provider's stock valued at $211,000 after purchasing an additional 797 shares during the period. Natixis Advisors LLC lifted its holdings in FirstEnergy by 1.3% in the 4th quarter. Natixis Advisors LLC now owns 133,695 shares of the utilities provider's stock valued at $5,318,000 after purchasing an additional 1,754 shares in the last quarter. Balanced Wealth Group LLC lifted its position in FirstEnergy by 0.9% during the fourth quarter. Balanced Wealth Group LLC now owns 26,991 shares of the utilities provider's stock worth $1,074,000 after buying an additional 250 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in FirstEnergy by 14.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 105,519 shares of the utilities provider's stock worth $4,198,000 after purchasing an additional 13,549 shares during the last quarter. Hedge funds and other institutional investors own 89.41% of the company's stock.

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.