FirstEnergy Corporation (NYSE:FE) Receives $49.31 Consensus Target Price from Brokerages

Shares of FirstEnergy Corporation (NYSE:FE) have received an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $49.7143.

FE has been the subject of several research analyst reports. UBS Group lowered their price objective on FirstEnergy from $49.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Wolfe Research raised FirstEnergy from a “peer perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Tuesday, January 27th. Barclays decreased their target price on FirstEnergy from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Wells Fargo & Company lowered their price target on FirstEnergy from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. raised their price objective on FirstEnergy from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday.

FirstEnergy Trading Up 0.4%

FE opened at $50.85 on Tuesday. FirstEnergy has a 12-month low of $37.58 and a 12-month high of $51.44. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.57 and a quick ratio of 0.46. The stock has a market capitalization of $29.39 billion, a PE ratio of 28.89, a P/E/G ratio of 2.66 and a beta of 0.61. The firm’s fifty day moving average price is $48.09 and its 200 day moving average price is $46.27.

FirstEnergy (NYSE:FE) last released its earnings results on Tuesday, February 17th. The utilities provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.20 billion. FirstEnergy had a net margin of 6.76% and a return on equity of 10.50%. During the same quarter in the previous year, the firm earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, research analysts expect that FirstEnergy will post 2.66 EPS for the current fiscal year.

FirstEnergy Increases Dividend

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

Insider Transactions at FirstEnergy

In related news, CFO Jon Taylor K. sold 26,800 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $50.94, for a total transaction of $1,365,192.00. Following the sale, the chief financial officer owned 119,552 shares in the company, valued at $6,089,978.88. This represents a 18.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jason Lisowski sold 3,000 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $50.84, for a total transaction of $152,520.00. Following the completion of the transaction, the chief accounting officer directly owned 7,176 shares in the company, valued at $364,827.84. This represents a 29.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 31,173 shares of company stock worth $1,587,515. Insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On FirstEnergy

Several institutional investors have recently made changes to their positions in the stock. State of Wyoming acquired a new position in FirstEnergy during the 2nd quarter valued at approximately $25,000. American National Bank & Trust increased its position in FirstEnergy by 380.2% in the third quarter. American National Bank & Trust now owns 581 shares of the utilities provider’s stock worth $27,000 after buying an additional 460 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in FirstEnergy in the third quarter worth $27,000. TruNorth Capital Management LLC lifted its stake in FirstEnergy by 187.5% in the third quarter. TruNorth Capital Management LLC now owns 621 shares of the utilities provider’s stock valued at $28,000 after buying an additional 405 shares during the last quarter. Finally, Olistico Wealth LLC bought a new stake in FirstEnergy in the fourth quarter valued at $31,000. 89.41% of the stock is owned by institutional investors.

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.