Scotiabank Increases FirstEnergy (NYSE:FE) Price Target to $56.00

FirstEnergy (NYSE:FE) had its price objective boosted by research analysts at Scotiabank from $55.00 to $56.00 in a note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has a “sector outperform” rating on the utilities provider’s stock. Scotiabank’s price target would suggest a potential upside of 11.56% from the company’s current price. Scotiabank also issued estimates for FirstEnergy’s FY2026 earnings at $2.74 EPS and FY2027 earnings at $2.96 EPS.

FE has been the subject of several other reports. Barclays cut their price objective on shares of FirstEnergy from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Wolfe Research raised FirstEnergy from a “peer perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research report on Tuesday, January 27th. Mizuho set a $51.00 price target on shares of FirstEnergy in a research report on Thursday. Weiss Ratings restated a “buy (b-)” rating on shares of FirstEnergy in a report on Monday, December 29th. Finally, UBS Group dropped their target price on shares of FirstEnergy from $49.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, FirstEnergy presently has an average rating of “Moderate Buy” and a consensus price target of $49.31.

FirstEnergy Stock Performance

Shares of NYSE:FE opened at $50.20 on Thursday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.57 and a quick ratio of 0.64. FirstEnergy has a 1 year low of $37.58 and a 1 year high of $50.44. The firm has a market capitalization of $29.01 billion, a PE ratio of 28.52, a P/E/G ratio of 2.82 and a beta of 0.64. The business’s 50 day moving average price is $46.39 and its 200-day moving average price is $45.56.

FirstEnergy (NYSE:FE) last announced its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $0.53 earnings per share for the quarter, beating 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 last year, the firm posted $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, equities research analysts expect that FirstEnergy will post 2.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Compound Planning Inc. raised its position in FirstEnergy by 11.3% in the 4th quarter. Compound Planning Inc. now owns 5,058 shares of the utilities provider’s stock valued at $226,000 after purchasing an additional 513 shares in the last quarter. Invesco Ltd. increased its stake in shares of FirstEnergy by 0.3% during the fourth quarter. Invesco Ltd. now owns 11,722,471 shares of the utilities provider’s stock worth $524,815,000 after buying an additional 34,014 shares during the period. Corient Private Wealth LLC raised its holdings in FirstEnergy by 25.2% in the fourth quarter. Corient Private Wealth LLC now owns 55,152 shares of the utilities provider’s stock valued at $2,469,000 after acquiring an additional 11,097 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in FirstEnergy by 50.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 56,807 shares of the utilities provider’s stock worth $2,543,000 after acquiring an additional 19,103 shares during the last quarter. Finally, Beacon Pointe Advisors LLC grew its holdings in FirstEnergy by 31.6% during the 4th quarter. Beacon Pointe Advisors LLC now owns 7,730 shares of the utilities provider’s stock worth $346,000 after acquiring an additional 1,858 shares in the last quarter. 89.41% of the stock is currently owned by hedge funds and other institutional investors.

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.