FY2026 EPS Estimates for FirstEnergy Raised by Scotiabank

FirstEnergy Corporation (NYSE:FE) – Research analysts at Scotiabank increased their FY2026 earnings per share (EPS) estimates for shares of FirstEnergy in a research note issued to investors on Thursday, February 19th. Scotiabank analyst A. Weisel now expects that the utilities provider will post earnings per share of $2.74 for the year, up from their prior forecast of $2.70. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for FirstEnergy’s current full-year earnings is $2.66 per share. Scotiabank also issued estimates for FirstEnergy’s FY2027 earnings at $2.96 EPS.

FirstEnergy (NYSE:FE) last posted its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. FirstEnergy had a return on equity of 10.50% and a net margin of 6.76%.The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the firm earned $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS.

FE has been the topic of several other research reports. UBS Group reduced their price objective on FirstEnergy from $49.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Morgan Stanley restated an “overweight” rating on shares of FirstEnergy in a research report on Wednesday, February 11th. Weiss Ratings cut FirstEnergy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Mizuho set a $51.00 price objective on FirstEnergy in a report on Thursday. Finally, Barclays cut their target price on shares of FirstEnergy from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, FirstEnergy presently has an average rating of “Moderate Buy” and an average price target of $49.31.

FirstEnergy Price Performance

FE opened at $50.20 on Friday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.57 and a quick ratio of 0.64. The stock has a market capitalization of $29.01 billion, a P/E ratio of 28.52, a price-to-earnings-growth ratio of 2.82 and a beta of 0.64. The company’s 50 day simple moving average is $46.39 and its 200-day simple moving average is $45.56. FirstEnergy has a one year low of $37.58 and a one year high of $50.44.

FirstEnergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 7th will be paid a dividend of $0.465 per share. This represents a $1.86 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, May 7th. This is a positive change from FirstEnergy’s previous quarterly dividend of $0.45. FirstEnergy’s dividend payout ratio (DPR) is currently 101.14%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FE. Brighton Jones LLC acquired a new stake in shares of FirstEnergy during the fourth quarter worth $256,000. Integrated Wealth Concepts LLC bought a new position in FirstEnergy during the 1st quarter worth about $289,000. Empowered Funds LLC lifted its holdings in shares of FirstEnergy by 7.0% in the first quarter. Empowered Funds LLC now owns 11,213 shares of the utilities provider’s stock valued at $453,000 after purchasing an additional 732 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of FirstEnergy by 40.7% in the first quarter. Woodline Partners LP now owns 43,334 shares of the utilities provider’s stock valued at $1,752,000 after purchasing an additional 12,531 shares in the last quarter. Finally, Focus Partners Wealth boosted its position in shares of FirstEnergy by 6.8% during the first quarter. Focus Partners Wealth now owns 21,178 shares of the utilities provider’s stock worth $856,000 after buying an additional 1,340 shares during the period. Institutional investors own 89.41% of the company’s stock.

Key FirstEnergy News

Here are the key news stories impacting FirstEnergy this week:

• Positive Sentiment: Scotiabank raised its FY2026 and FY2027 EPS estimates (FY2026: from $2.70 to $2.74; FY2027: from $2.90 to $2.96) and bumped its price target to $56 with an “Outperform” rating, signaling analyst confidence in FirstEnergy’s earnings trajectory and implying upside versus the current price. The Fly
• Positive Sentiment: Q4 2025 results and the earnings call reinforced the upbeat view: revenue beat and EPS slightly topped consensus; management reiterated an FY2026 EPS range (previously disclosed) that supports upward analyst revisions. This helps explain why analysts are raising estimates and the stock is moving up. Earnings Call Summary
• Positive Sentiment: Operationally positive: a PR announces a new transmission substation and line to improve reliability for 6,000+ customers in Berks County — a visible example of grid investment that supports regulated-utility earnings growth and rate-base expansion. PR Newswire
• Neutral Sentiment: Earnings call transcripts and coverage are circulating (transcripts on MSN/Yahoo), providing detail for investors to parse one-off items, regulatory commentary and capex plans; useful but informational rather than a discrete catalyst. MSN Transcript
• Neutral Sentiment: Company guidance context: management has set FY2026 EPS guidance in a ~2.62–2.82 range and consensus sits near $2.66; analyst raises suggest the market is repricing future years more than current year. (No external link)
• Negative Sentiment: Regulatory/political risk: coverage highlights rising risk that PJM capacity-auction dynamics (price collars, elevated clearing prices) could increase customer bills and complicate cost recovery for grid investments — a potential headwind for rate cases and near-term political scrutiny. TipRanks

About FirstEnergy

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.