Zacks Research Predicts Reduced Earnings for FirstEnergy

FirstEnergy Corp. (NYSE:FE) – Equities researchers at Zacks Research lowered their Q3 2025 EPS estimates for FirstEnergy in a research note issued to investors on Tuesday, February 4th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings per share of $0.85 for the quarter, down from their previous estimate of $0.86. The consensus estimate for FirstEnergy’s current full-year earnings is $2.66 per share. Zacks Research also issued estimates for FirstEnergy’s FY2025 earnings at $2.89 EPS.

A number of other brokerages have also recently issued reports on FE. JPMorgan Chase & Co. lifted their price objective on shares of FirstEnergy from $45.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Wolfe Research cut shares of FirstEnergy from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 23rd. KeyCorp decreased their price objective on shares of FirstEnergy from $48.00 to $47.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 4th. Seaport Res Ptn cut shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Scotiabank raised shares of FirstEnergy from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $45.00 to $50.00 in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $46.27.

FirstEnergy Stock Down 0.3 %

Shares of FE opened at $40.12 on Thursday. FirstEnergy has a 12 month low of $35.41 and a 12 month high of $44.97. The firm’s 50 day moving average is $40.05 and its 200-day moving average is $41.84. The stock has a market capitalization of $23.12 billion, a PE ratio of 25.88, a P/E/G ratio of 1.99 and a beta of 0.52. The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt-to-equity ratio of 1.58.

FirstEnergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 7th will be issued a dividend of $0.425 per share. The ex-dividend date is Friday, February 7th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.24%. FirstEnergy’s dividend payout ratio (DPR) is presently 109.68%.

Hedge Funds Weigh In On FirstEnergy

Hedge funds have recently modified their holdings of the business. Wedge Capital Management L L P NC acquired a new position in shares of FirstEnergy during the fourth quarter worth $12,198,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of FirstEnergy by 7.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,346,263 shares of the utilities provider’s stock worth $104,057,000 after purchasing an additional 171,955 shares during the period. DRW Securities LLC acquired a new position in shares of FirstEnergy during the third quarter worth $1,154,000. Whalen Wealth Management Inc. acquired a new position in shares of FirstEnergy during the fourth quarter worth $664,000. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of FirstEnergy by 16.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 186,406 shares of the utilities provider’s stock worth $8,267,000 after purchasing an additional 26,874 shares during the period. 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.