FirstEnergy (NYSE:FE) Sets New 12-Month High – Here’s Why

Shares of FirstEnergy Corporation (NYSE:FE) hit a new 52-week high during trading on Tuesday . The stock traded as high as $50.83 and last traded at $50.4090, with a volume of 4442846 shares. The stock had previously closed at $50.20.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FE shares. UBS Group dropped their target price on FirstEnergy from $49.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Morgan Stanley reaffirmed an “overweight” rating on shares of FirstEnergy in a research report on Wednesday, February 11th. Scotiabank reissued an “outperform” rating on shares of FirstEnergy in a research note on Thursday. Wells Fargo & Company cut their price objective on FirstEnergy from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Finally, Mizuho set a $51.00 target price on shares of FirstEnergy in a research report on Thursday. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.31.

FirstEnergy Stock Performance

The company has a market cap of $29.13 billion, a PE ratio of 28.64, a price-to-earnings-growth ratio of 2.85 and a beta of 0.64. 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 business has a fifty day simple moving average of $46.51 and a two-hundred day simple moving average of $45.64.

FirstEnergy (NYSE:FE) last released 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. The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.20 billion. FirstEnergy had a return on equity of 10.50% and a net margin of 6.76%.During the same quarter last year, the business posted $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Research analysts anticipate that FirstEnergy Corporation will post 2.66 earnings per share for the current year.

FirstEnergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 7th will be issued a $0.465 dividend. This represents a $1.86 dividend on an annualized basis and a 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%.

Institutional Trading of FirstEnergy

A number of institutional investors have recently modified their holdings of the business. State of Wyoming acquired a new position in FirstEnergy in the 2nd quarter valued at about $25,000. American National Bank & Trust grew its stake in shares of FirstEnergy by 380.2% in the third quarter. American National Bank & Trust now owns 581 shares of the utilities provider’s stock valued at $27,000 after buying an additional 460 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of FirstEnergy during the third quarter worth about $27,000. TruNorth Capital Management LLC raised its holdings 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 acquiring an additional 405 shares in the last quarter. Finally, Olistico Wealth LLC bought a new position in FirstEnergy during the fourth quarter worth $31,000. 89.41% of the stock is currently owned by hedge funds and other 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.