FirstEnergy Corporation (NYSE:FE) Receives $46.31 Average Price Target from Analysts

Shares of FirstEnergy Corporation (NYSE:FE) have been given a consensus recommendation of “Hold” by the fifteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $46.3077.

Several research firms recently weighed in on FE. KeyCorp reissued an “overweight” rating and set a $46.00 price objective (down previously from $47.00) on shares of FirstEnergy in a research note on Wednesday, July 16th. UBS Group set a $44.00 price target on shares of FirstEnergy and gave the company a “neutral” rating in a research note on Tuesday, June 24th. Mizuho lifted their price target on shares of FirstEnergy from $43.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of FirstEnergy in a research note on Thursday, August 21st. Finally, Barclays raised shares of FirstEnergy from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $43.00 to $49.00 in a research note on Monday, August 25th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in FirstEnergy during the fourth quarter worth $256,000. Focus Partners Wealth increased its holdings in shares of FirstEnergy by 1.4% in the fourth quarter. Focus Partners Wealth now owns 19,838 shares of the utilities provider’s stock valued at $835,000 after purchasing an additional 272 shares during the last quarter. Gotham Asset Management LLC increased its holdings in shares of FirstEnergy by 8.3% in the fourth quarter. Gotham Asset Management LLC now owns 11,004 shares of the utilities provider’s stock valued at $438,000 after purchasing an additional 844 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of FirstEnergy by 1.9% in the fourth quarter. Janus Henderson Group PLC now owns 62,873 shares of the utilities provider’s stock valued at $2,501,000 after purchasing an additional 1,176 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of FirstEnergy by 46.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,121 shares of the utilities provider’s stock valued at $4,179,000 after purchasing an additional 33,111 shares during the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Price Performance

FirstEnergy stock opened at $43.44 on Tuesday. The company has a market capitalization of $25.08 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 2.67 and a beta of 0.50. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.61 and a quick ratio of 0.51. The business has a 50 day simple moving average of $42.80 and a 200 day simple moving average of $41.41. FirstEnergy has a one year low of $37.58 and a one year high of $44.58.

FirstEnergy (NYSE:FE) last posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. FirstEnergy had a net margin of 9.31% and a return on equity of 11.31%. The firm had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.45 billion. During the same quarter last year, the company posted $0.56 EPS. FirstEnergy has set its FY 2025 guidance at 2.400-2.600 EPS. On average, sell-side analysts forecast that FirstEnergy will post 2.66 EPS for the current fiscal year.

FirstEnergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Thursday, August 7th were issued a dividend of $0.445 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.78 annualized dividend and a yield of 4.1%. FirstEnergy’s dividend payout ratio is presently 78.76%.

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.