FirstEnergy Corporation (NYSE:FE) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of FirstEnergy Corporation (NYSE:FE) have received an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $52.75.

Several research firms have commented on FE. Jefferies Financial Group lifted their target price on shares of FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, April 21st. Wolfe Research cut FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings cut FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 17th. Barclays lifted their price objective on FirstEnergy from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $52.00 target price on shares of FirstEnergy in a research note on Wednesday, June 24th.

FirstEnergy Stock Performance

Shares of NYSE FE opened at $48.53 on Monday. The company has a market cap of $28.07 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 2.32 and a beta of 0.47. FirstEnergy has a 12 month low of $40.50 and a 12 month high of $52.34. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.52 and a quick ratio of 0.42. The company has a 50-day simple moving average of $46.74 and a 200-day simple moving average of $47.98.

FirstEnergy (NYSE:FE) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.72. The business had revenue of $4.20 billion during the quarter, compared to analyst estimates of $3.80 billion. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The company’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, equities analysts anticipate that FirstEnergy will post 2.74 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. JFS Wealth Advisors LLC lifted its holdings in shares of FirstEnergy by 7.3% during the 2nd quarter. JFS Wealth Advisors LLC now owns 4,564 shares of the utilities provider’s stock worth $217,000 after acquiring an additional 311 shares during the period. Tema ETFs LLC grew its holdings in FirstEnergy by 9.8% in the second quarter. Tema ETFs LLC now owns 11,355 shares of the utilities provider’s stock valued at $540,000 after purchasing an additional 1,015 shares during the period. Fulton Bank N.A. grew its holdings in FirstEnergy by 5.0% in the second quarter. Fulton Bank N.A. now owns 79,670 shares of the utilities provider’s stock valued at $3,788,000 after purchasing an additional 3,792 shares during the period. First Bank & Trust increased its position in FirstEnergy by 14.7% during the second quarter. First Bank & Trust now owns 42,560 shares of the utilities provider’s stock worth $2,023,000 after purchasing an additional 5,467 shares during the last quarter. Finally, Everhart Financial Group Inc. increased its position in FirstEnergy by 10.5% during the second quarter. Everhart Financial Group Inc. now owns 14,001 shares of the utilities provider’s stock worth $666,000 after purchasing an additional 1,333 shares during the last quarter. Institutional investors and hedge funds 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.