FirstEnergy (NYSE:FE) Updates FY 2026 Earnings Guidance

FirstEnergy (NYSE:FE) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 2.620-2.820 for the period, compared to the consensus earnings per share estimate of 2.720. The company issued revenue guidance of -.

FirstEnergy Trading Up 0.9%

Shares of NYSE FE traded up $0.41 during midday trading on Tuesday, reaching $45.16. 164,188 shares of the stock were exchanged, compared to its average volume of 4,734,621. FirstEnergy has a twelve month low of $37.58 and a twelve month high of $48.20. The stock has a market capitalization of $26.09 billion, a P/E ratio of 19.75, a PEG ratio of 2.74 and a beta of 0.66. The company has a 50 day simple moving average of $46.39 and a 200 day simple moving average of $43.56. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.64 and a current ratio of 0.75.

FirstEnergy (NYSE:FE) last released its quarterly earnings results on Wednesday, October 22nd. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $3.94 billion. FirstEnergy had a net margin of 9.19% and a return on equity of 11.15%. The business’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. FirstEnergy has set its FY 2025 guidance at 2.500-2.560 EPS. As a group, equities analysts expect that FirstEnergy will post 2.66 earnings per share for the current year.

FirstEnergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 7th were given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, November 7th. FirstEnergy’s dividend payout ratio is currently 77.73%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FE shares. UBS Group increased their price objective on FirstEnergy from $47.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Wells Fargo & Company upgraded shares of FirstEnergy to a “strong-buy” rating in a research note on Tuesday, October 28th. Scotiabank raised their price objective on shares of FirstEnergy from $49.00 to $51.00 and gave the stock a “sector outperform” rating in a report on Friday, October 24th. Mizuho upped their target price on shares of FirstEnergy from $45.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Finally, Barclays raised shares of FirstEnergy from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $43.00 to $49.00 in a research report on Monday, August 25th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.08.

Institutional Investors Weigh In On FirstEnergy

Institutional investors and hedge funds have recently modified their holdings of the company. State of Wyoming purchased a new stake in shares of FirstEnergy in the second quarter valued at about $25,000. WFA of San Diego LLC purchased a new position in FirstEnergy during the second quarter worth $46,000. Headlands Technologies LLC acquired a new position in shares of FirstEnergy in the second quarter worth $55,000. MUFG Securities EMEA plc purchased a new stake in shares of FirstEnergy in the second quarter valued at $61,000. Finally, Brown Brothers Harriman & Co. increased its position in FirstEnergy by 134.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,493 shares of the utilities provider’s stock worth $114,000 after purchasing an additional 1,428 shares in the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

About FirstEnergy

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities.