Scotiabank Estimates FirstEnergy’s FY2025 Earnings (NYSE:FE)

FirstEnergy Corporation (NYSE:FE) – Investment analysts at Scotiabank increased their FY2025 earnings per share estimates for FirstEnergy in a report issued on Friday, January 23rd. Scotiabank analyst A. Weisel now forecasts that the utilities provider will earn $2.55 per share for the year, up from their previous estimate of $2.52. Scotiabank currently has a “Sector Outperform” rating and a $51.00 target price on the stock. The consensus estimate for FirstEnergy’s current full-year earnings is $2.66 per share.

FE has been the subject of several other reports. Jefferies Financial Group lifted their target price on FirstEnergy from $45.00 to $47.00 and gave the company a “hold” rating in a research note on Tuesday, October 21st. Barclays decreased their price target on FirstEnergy from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday. Wells Fargo & Company lowered their price objective on FirstEnergy from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. KeyCorp downgraded shares of FirstEnergy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FirstEnergy in a research note on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, FirstEnergy has an average rating of “Moderate Buy” and an average price target of $48.75.

FirstEnergy Stock Performance

FE stock opened at $46.77 on Monday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.75 and a quick ratio of 0.64. The company has a 50 day moving average price of $45.58 and a 200 day moving average price of $44.74. FirstEnergy has a fifty-two week low of $37.58 and a fifty-two week high of $48.20. The stock has a market capitalization of $27.02 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 2.65 and a beta of 0.64.

Institutional Trading of FirstEnergy

A number of hedge funds have recently modified their holdings of the company. Merit Financial Group LLC grew its holdings in FirstEnergy by 2.5% during the fourth quarter. Merit Financial Group LLC now owns 42,202 shares of the utilities provider’s stock valued at $1,889,000 after purchasing an additional 1,012 shares during the period. AE Wealth Management LLC boosted its position in shares of FirstEnergy by 1.8% during the fourth quarter. AE Wealth Management LLC now owns 380,997 shares of the utilities provider’s stock worth $17,057,000 after purchasing an additional 6,588 shares in the last quarter. Whittier Trust Co. boosted its position in shares of FirstEnergy by 646.6% during the fourth quarter. Whittier Trust Co. now owns 2,277 shares of the utilities provider’s stock worth $102,000 after purchasing an additional 1,972 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of FirstEnergy by 22.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 86,374 shares of the utilities provider’s stock valued at $3,867,000 after buying an additional 15,909 shares during the period. Finally, Cornerstone Wealth Group LLC increased its position in shares of FirstEnergy by 1.9% in the 4th quarter. Cornerstone Wealth Group LLC now owns 106,549 shares of the utilities provider’s stock valued at $4,770,000 after buying an additional 1,958 shares in the last quarter. 89.41% of the stock is currently owned by institutional investors and hedge funds.

FirstEnergy Dividend Announcement

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

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.