FirstEnergy Corp. Expected to Post Q4 2024 Earnings of $0.63 Per Share (NYSE:FE)

FirstEnergy Corp. (NYSE:FE) – Equities research analysts at Zacks Research lifted their Q4 2024 earnings per share estimates for FirstEnergy in a research note issued on Tuesday, April 23rd. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings of $0.63 per share for the quarter, up from their prior forecast of $0.60. 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 $0.68 EPS, Q3 2025 earnings at $0.89 EPS, Q1 2026 earnings at $0.81 EPS and FY2026 earnings at $3.08 EPS.

FirstEnergy (NYSE:FE) last issued its quarterly earnings data on Friday, February 9th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. FirstEnergy had a net margin of 8.56% and a return on equity of 13.52%. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the company earned $0.50 earnings per share. FirstEnergy’s revenue for the quarter was up .0% on a year-over-year basis.

FE has been the subject of a number of other research reports. StockNews.com lowered shares of FirstEnergy from a “hold” rating to a “sell” rating in a research note on Monday, February 12th. The Goldman Sachs Group started coverage on shares of FirstEnergy in a research report on Wednesday, April 10th. They issued a “buy” rating and a $45.00 target price for the company. Scotiabank cut their target price on shares of FirstEnergy from $41.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Monday. KeyCorp lifted their price target on FirstEnergy from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Finally, Bank of America upped their price objective on FirstEnergy from $30.00 to $35.00 and gave the company an “underperform” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $39.80.

FirstEnergy Trading Up 0.5 %

Shares of FE opened at $38.30 on Wednesday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.38 and a current ratio of 0.48. FirstEnergy has a one year low of $32.18 and a one year high of $41.17. The stock has a 50-day moving average price of $37.79 and a 200 day moving average price of $37.08. The company has a market capitalization of $22.04 billion, a P/E ratio of 21.16 and a beta of 0.48.

Institutional Trading of FirstEnergy

A number of institutional investors and hedge funds have recently made changes to their positions in FE. Verity & Verity LLC acquired a new position in shares of FirstEnergy during the first quarter valued at $98,000. V Square Quantitative Management LLC boosted its stake in FirstEnergy by 38.6% during the 1st quarter. V Square Quantitative Management LLC now owns 7,586 shares of the utilities provider’s stock valued at $293,000 after purchasing an additional 2,114 shares during the period. Simplicity Wealth LLC acquired a new position in FirstEnergy during the 1st quarter valued at about $356,000. Spire Wealth Management grew its position in FirstEnergy by 12.3% in the 1st quarter. Spire Wealth Management now owns 3,622 shares of the utilities provider’s stock worth $140,000 after purchasing an additional 397 shares during the last quarter. Finally, United Asset Strategies Inc. increased its stake in shares of FirstEnergy by 7.5% in the first quarter. United Asset Strategies Inc. now owns 43,106 shares of the utilities provider’s stock valued at $1,665,000 after purchasing an additional 3,000 shares during the period. 89.41% of the stock is currently owned by institutional investors and hedge funds.

FirstEnergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be issued a dividend of $0.425 per share. The ex-dividend date is Monday, May 6th. This is a positive change from FirstEnergy’s previous quarterly dividend of $0.41. This represents a $1.70 annualized dividend and a dividend yield of 4.44%. FirstEnergy’s dividend payout ratio is 90.61%.

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.