Q2 Earnings Forecast for FirstEnergy Issued By KeyCorp

FirstEnergy Corporation (NYSE:FE) – Equities research analysts at KeyCorp issued their Q2 2026 earnings per share estimates for FirstEnergy in a research note issued to investors on Wednesday, July 22nd. KeyCorp analyst S. Karp forecasts that the utilities provider will post earnings of $0.47 per share for the quarter. The consensus estimate for FirstEnergy’s current full-year earnings is $2.73 per share. KeyCorp also issued estimates for FirstEnergy’s Q3 2026 earnings at $0.98 EPS, Q4 2026 earnings at $0.56 EPS, FY2026 earnings at $2.72 EPS, FY2028 earnings at $3.17 EPS, FY2029 earnings at $3.37 EPS and FY2030 earnings at $3.59 EPS.

FE has been the topic of a number of other research reports. TD Cowen raised shares of FirstEnergy from a “hold” rating to a “buy” rating and cut their target price for the company from $56.00 to $53.00 in a research note on Friday, May 15th. UBS Group increased their price target on shares of FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Wells Fargo & Company restated an “overweight” rating and issued a $55.00 price objective on shares of FirstEnergy in a report on Tuesday, April 21st. Wolfe Research cut FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, New Street Research set a $52.00 target price on FirstEnergy in a report on Tuesday, April 21st. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, FirstEnergy has a consensus rating of “Moderate Buy” and an average price target of $52.92.

FirstEnergy Stock Up 0.8%

Shares of FirstEnergy stock opened at $49.91 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 1.87. FirstEnergy has a 12-month low of $41.30 and a 12-month high of $52.34. The company has a market cap of $28.87 billion, a P/E ratio of 27.12, a PEG ratio of 2.37 and a beta of 0.47. The company’s fifty day simple moving average is $47.21 and its two-hundred day simple moving average is $48.10.

FirstEnergy (NYSE:FE) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. The company had revenue of $4.20 billion during the quarter, compared to analyst estimates of $3.80 billion. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The firm’s revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS.

FirstEnergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be given a $0.465 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.7%. FirstEnergy’s dividend payout ratio is currently 101.09%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. State of Wyoming purchased a new stake in FirstEnergy in the second quarter worth about $25,000. Axiom Investment Management LLC purchased a new position in shares of FirstEnergy during the first quarter valued at approximately $26,000. Olistico Wealth LLC purchased a new position in shares of FirstEnergy during the fourth quarter valued at approximately $31,000. DV Equities LLC bought a new stake in shares of FirstEnergy in the 4th quarter worth approximately $33,000. Finally, Quest 10 Wealth Builders Inc. boosted its position in shares of FirstEnergy by 507.9% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 640 shares in the last quarter. 89.41% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting FirstEnergy

Here are the key news stories impacting FirstEnergy this week:

• Positive Sentiment: Wells Fargo initiated/maintained a Buy stance on FirstEnergy, signaling renewed analyst confidence in the utility’s outlook. FirstEnergy (FE) Receives a Buy from Wells Fargo
• Positive Sentiment: KeyCorp raised longer-term earnings estimates for FY2028, FY2029 and FY2030, suggesting expectations for steady earnings growth over time.
• Positive Sentiment: FirstEnergy declared a quarterly dividend of $0.465 per share with a roughly 3.8% annualized yield, reinforcing its appeal to income-focused investors.
• Neutral Sentiment: KeyCorp trimmed its FY2026 EPS estimate slightly to $2.72 from $2.73, but that is still close to the current consensus of $2.74 and does not materially change the near-term outlook.
• Neutral Sentiment: KeyCorp’s near-term quarter estimates imply mixed results, including Q2 EPS of $0.47 and Q3 EPS of $0.98, leaving investors focused on whether upcoming earnings can beat expectations.
• Neutral Sentiment: In a preview of upcoming results, analysts expect Q2 revenue to rise about 6.28% on load growth and grid investment, while EPS may decline modestly, a mixed but not alarming setup ahead of reporting. FirstEnergy to Report Q2 Earnings: What’s in Store for the Stock?

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.