FirstEnergy (NYSE:FE) Releases FY 2026 Earnings Guidance

FirstEnergy (NYSE:FE) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.620-2.820 for the period, compared to the consensus estimate of 2.730. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several analysts recently weighed in on FE shares. TD Cowen upgraded FirstEnergy from a “hold” rating to a “buy” rating and decreased their target price for the company from $56.00 to $53.00 in a research note on Friday, May 15th. Barclays upped their price objective on shares of FirstEnergy from $50.00 to $53.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Wolfe Research lowered shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. New Street Research set a $52.00 target price on shares of FirstEnergy in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of FirstEnergy from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $52.08.

FirstEnergy Stock Up 0.7%

Shares of FirstEnergy stock opened at $46.45 on Friday. The firm has a market cap of $26.87 billion, a PE ratio of 25.25, a P/E/G ratio of 2.21 and a beta of 0.47. The business’s 50 day simple moving average is $47.17 and its 200 day simple moving average is $47.50. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.42 and a current ratio of 0.52. FirstEnergy has a 52-week low of $39.34 and a 52-week high of $52.34.

FirstEnergy (NYSE:FE) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, hitting the consensus estimate of $0.72. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The company had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $3.80 billion. During the same period last year, the business earned $0.67 EPS. The business’s quarterly revenue was up 11.6% on a year-over-year basis. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, analysts predict that FirstEnergy will post 2.73 earnings per share for the current fiscal year.

Institutional Trading of FirstEnergy

Several institutional investors and hedge funds have recently bought and sold shares of FE. Compound Planning Inc. increased its position in shares of FirstEnergy by 11.3% during the 4th quarter. Compound Planning Inc. now owns 5,058 shares of the utilities provider’s stock worth $226,000 after purchasing an additional 513 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of FirstEnergy by 0.3% in the 4th quarter. Invesco Ltd. now owns 11,722,471 shares of the utilities provider’s stock valued at $524,815,000 after buying an additional 34,014 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of FirstEnergy by 25.2% in the 4th quarter. Corient Private Wealth LLC now owns 55,152 shares of the utilities provider’s stock valued at $2,469,000 after buying an additional 11,097 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of FirstEnergy by 50.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 56,807 shares of the utilities provider’s stock valued at $2,543,000 after buying an additional 19,103 shares in the last quarter. Finally, Beacon Pointe Advisors LLC grew its stake in shares of FirstEnergy by 31.6% in the fourth quarter. Beacon Pointe Advisors LLC now owns 7,730 shares of the utilities provider’s stock valued at $346,000 after buying an additional 1,858 shares in the last quarter. Institutional investors own 89.41% of the company’s 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.