Analysts Issue Forecasts for FirstEnergy FY2025 Earnings

FirstEnergy Corporation (NYSE:FE) – Equities research analysts at Zacks Research cut their FY2025 earnings per share (EPS) estimates for shares of FirstEnergy in a report released on Tuesday, January 13th. Zacks Research analyst Team now expects that the utilities provider will post earnings of $2.54 per share for the year, down from their previous forecast of $2.56. The consensus estimate for FirstEnergy’s current full-year earnings is $2.66 per share.

FirstEnergy (NYSE:FE) last issued its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.07. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $3.94 billion. FirstEnergy had a return on equity of 11.15% and a net margin of 9.19%.FirstEnergy’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 earnings per share.

Several other research firms have also commented on FE. Mizuho increased their price target on shares of FirstEnergy from $45.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Scotiabank raised their price target on FirstEnergy from $49.00 to $51.00 and gave the stock a “sector outperform” rating in a research report on Friday, October 24th. KeyCorp downgraded FirstEnergy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 14th. Morgan Stanley lifted their price objective on FirstEnergy from $47.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of FirstEnergy in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $48.75.

FirstEnergy Price Performance

Shares of NYSE FE opened at $47.33 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.64 and a debt-to-equity ratio of 1.80. The company’s 50-day moving average price is $45.47 and its 200 day moving average price is $44.38. FirstEnergy has a 52 week low of $37.58 and a 52 week high of $48.20. The stock has a market cap of $27.34 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.66 and a beta of 0.64.

FirstEnergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 6th will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $1.78 annualized dividend and a yield of 3.8%. FirstEnergy’s dividend payout ratio is 77.73%.

Institutional Trading of FirstEnergy

A number of institutional investors and hedge funds have recently made changes to their positions in FE. Aberdeen Group plc boosted its holdings in FirstEnergy by 9.0% in the fourth quarter. Aberdeen Group plc now owns 1,151,931 shares of the utilities provider’s stock valued at $51,572,000 after acquiring an additional 95,161 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its stake in shares of FirstEnergy by 2.5% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 41,919 shares of the utilities provider’s stock valued at $1,877,000 after purchasing an additional 1,036 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of FirstEnergy during the 4th quarter worth about $401,000. Frank Rimerman Advisors LLC acquired a new stake in FirstEnergy during the 4th quarter worth approximately $488,000. Finally, Spirit of America Management Corp NY raised its holdings in FirstEnergy by 8.7% in the fourth quarter. Spirit of America Management Corp NY now owns 33,800 shares of the utilities provider’s stock valued at $1,513,000 after buying an additional 2,700 shares during the period. 89.41% of the stock is currently owned by institutional investors and hedge funds.

FirstEnergy Company Profile

FirstEnergy Corp. (NYSE: FE) is a U.S.-based electric utility holding company headquartered in Akron, Ohio. The company’s primary business is the delivery of electricity through its regulated transmission and distribution utilities, serving residential, commercial and industrial customers across parts of the Midwest and Mid‑Atlantic. FirstEnergy’s service territory includes states such as Ohio, Pennsylvania, New Jersey, Maryland and West Virginia, and it operates primarily within the PJM regional transmission organization.

FirstEnergy’s core activities center on owning and operating electric distribution networks and transmission systems, maintaining and upgrading grid infrastructure, managing storm response and restoration, and offering customer programs that include energy efficiency and reliability services.