FirstEnergy Corp. (NYSE:FE - Free Report) - Analysts at Zacks Research boosted their Q1 2025 EPS estimates for FirstEnergy in a note issued to investors on Wednesday, April 23rd. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings per share of $0.62 for the quarter, up from their previous forecast of $0.58. 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 $0.61 EPS, Q3 2025 earnings at $0.85 EPS and Q4 2025 earnings at $0.60 EPS.
FirstEnergy (NYSE:FE - Get Free Report) last released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.07. The business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.68 billion. FirstEnergy had a net margin of 6.64% and a return on equity of 11.38%. The firm's quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the firm posted $0.55 earnings per share.
Several other research analysts also recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of FirstEnergy from $41.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Friday. UBS Group boosted their price target on shares of FirstEnergy from $41.00 to $43.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Wolfe Research lowered FirstEnergy from an "outperform" rating to a "peer perform" rating in a report on Thursday, January 23rd. Scotiabank reiterated an "outperform" rating on shares of FirstEnergy in a report on Friday. Finally, Morgan Stanley reiterated an "overweight" rating on shares of FirstEnergy in a report on Wednesday, April 23rd. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, FirstEnergy currently has an average rating of "Hold" and an average target price of $45.85.
Check Out Our Latest Stock Analysis on FirstEnergy
FirstEnergy Trading Up 1.0 %
Shares of FirstEnergy stock traded up $0.42 during trading on Friday, hitting $42.76. The stock had a trading volume of 5,095,835 shares, compared to its average volume of 3,558,654. The stock has a 50 day simple moving average of $40.20 and a 200 day simple moving average of $40.67. The company has a market capitalization of $24.66 billion, a PE ratio of 27.59, a P/E/G ratio of 2.07 and a beta of 0.41. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 1.58. FirstEnergy has a 1 year low of $37.58 and a 1 year high of $44.97.
FirstEnergy Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 7th will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 4.16%. This is an increase from FirstEnergy's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Wednesday, May 7th. FirstEnergy's dividend payout ratio is presently 94.68%.
Hedge Funds Weigh In On FirstEnergy
Several hedge funds have recently bought and sold shares of the business. Covestor Ltd grew its position in shares of FirstEnergy by 69.3% in the fourth quarter. Covestor Ltd now owns 623 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 255 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of FirstEnergy in the fourth quarter valued at about $26,000. Lee Danner & Bass Inc. acquired a new stake in shares of FirstEnergy in the fourth quarter valued at about $26,000. WASHINGTON TRUST Co grew its position in shares of FirstEnergy by 293.0% in the fourth quarter. WASHINGTON TRUST Co now owns 786 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 586 shares during the last quarter. Finally, Bernard Wealth Management Corp. acquired a new stake in shares of FirstEnergy in the fourth quarter valued at about $31,000. 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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