Scotiabank Analysts Lift Earnings Estimates for FirstEnergy

FirstEnergy Corporation (NYSE:FE) – Equities researchers at Scotiabank upped their FY2025 EPS estimates for shares of FirstEnergy in a research note issued on Friday, January 23rd. Scotiabank analyst A. Weisel now forecasts that the utilities provider will post earnings of $2.55 per share for the year, up from their previous forecast of $2.52. Scotiabank has a “Sector Outperform” rating and a $51.00 price objective on the stock. The consensus estimate for FirstEnergy’s current full-year earnings is $2.66 per share.

Several other brokerages have also weighed in on FE. KeyCorp lowered FirstEnergy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 14th. Wells Fargo & Company cut their price objective on shares of FirstEnergy from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Barclays lowered their target price on shares of FirstEnergy from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday. Mizuho increased their target price 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. Finally, UBS Group reduced their price target on shares of FirstEnergy from $49.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.75.

FirstEnergy Stock Down 1.0%

Shares of NYSE FE opened at $46.59 on Monday. The business has a 50-day moving average of $45.58 and a two-hundred day moving average of $44.69. The company has a market capitalization of $26.91 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 2.65 and a beta of 0.64. FirstEnergy has a 1 year low of $37.58 and a 1 year high of $48.20. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.75 and a quick ratio of 0.64.

FirstEnergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 6th will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, February 6th. FirstEnergy’s dividend payout ratio is presently 77.73%.

Hedge Funds Weigh In On FirstEnergy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its position in FirstEnergy by 14.4% in the 4th quarter. Farther Finance Advisors LLC now owns 19,932 shares of the utilities provider’s stock valued at $892,000 after acquiring an additional 2,506 shares during the period. Sage Mountain Advisors LLC grew its stake in shares of FirstEnergy by 57.3% in the 4th quarter. Sage Mountain Advisors LLC now owns 7,963 shares of the utilities provider’s stock valued at $357,000 after purchasing an additional 2,902 shares during the last quarter. Assetmark Inc. increased its holdings in shares of FirstEnergy by 5.1% in the fourth quarter. Assetmark Inc. now owns 56,808 shares of the utilities provider’s stock valued at $2,543,000 after purchasing an additional 2,777 shares during the period. Transcend Capital Advisors LLC raised its stake in shares of FirstEnergy by 6.7% during the fourth quarter. Transcend Capital Advisors LLC now owns 4,986 shares of the utilities provider’s stock worth $223,000 after purchasing an additional 315 shares during the last quarter. Finally, FSM Wealth Advisors LLC raised its stake in shares of FirstEnergy by 27.2% during the fourth quarter. FSM Wealth Advisors LLC now owns 16,664 shares of the utilities provider’s stock worth $746,000 after purchasing an additional 3,561 shares during the last quarter. Hedge funds and other institutional investors own 89.41% of the company’s stock.

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.