Zacks Research Boosts Earnings Estimates for FirstEnergy

FirstEnergy Corp. (NYSE:FE) – Analysts at Zacks Research increased their Q2 2025 earnings per share (EPS) estimates for FirstEnergy in a report released on Thursday, December 12th. Zacks Research analyst R. Department now forecasts that the utilities provider will earn $0.62 per share for the quarter, up from their prior forecast of $0.61. The consensus estimate for FirstEnergy’s current full-year earnings is $2.68 per share. Zacks Research also issued estimates for FirstEnergy’s Q3 2025 earnings at $0.87 EPS, Q2 2026 earnings at $0.61 EPS and Q3 2026 earnings at $0.96 EPS.

Several other brokerages have also recently issued reports on FE. Argus raised FirstEnergy from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Friday, September 20th. Bank of America increased their price target on shares of FirstEnergy from $42.00 to $43.00 and gave the company an “underperform” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. boosted 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 boosted their target price on shares of FirstEnergy from $40.00 to $46.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Finally, Scotiabank raised shares of FirstEnergy from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $45.00 to $50.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $46.27.

FirstEnergy Price Performance

FE stock opened at $40.32 on Friday. The company has a market cap of $23.24 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 2.17 and a beta of 0.51. The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt-to-equity ratio of 1.58. The firm has a 50 day moving average of $42.26 and a 200-day moving average of $41.59. FirstEnergy has a 12-month low of $35.41 and a 12-month high of $44.97.

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

Hedge Funds Weigh In On FirstEnergy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Balanced Wealth Group LLC raised its holdings in FirstEnergy by 0.9% in the 3rd quarter. Balanced Wealth Group LLC now owns 26,741 shares of the utilities provider’s stock worth $1,186,000 after acquiring an additional 241 shares during the period. Sachetta LLC boosted its holdings in FirstEnergy by 36.0% in the second quarter. Sachetta LLC now owns 929 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 246 shares during the last quarter. Commonwealth Financial Services LLC grew its position in shares of FirstEnergy by 4.4% during the 2nd quarter. Commonwealth Financial Services LLC now owns 5,869 shares of the utilities provider’s stock worth $226,000 after buying an additional 249 shares during the period. Metis Global Partners LLC raised its position in shares of FirstEnergy by 1.7% during the 3rd quarter. Metis Global Partners LLC now owns 16,916 shares of the utilities provider’s stock valued at $750,000 after acquiring an additional 288 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in shares of FirstEnergy by 0.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 44,441 shares of the utilities provider’s stock worth $1,701,000 after buying an additional 310 shares during the period. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th were given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend was Thursday, November 7th. FirstEnergy’s dividend payout ratio (DPR) is presently 109.68%.

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.