FirstEnergy (FE) Projected to Post Quarterly Earnings on Wednesday

FirstEnergy (NYSE:FE - Get Free Report) is projected to announce its Q2 2025 earnings results after the market closes on Wednesday, July 30th. Analysts expect FirstEnergy to post earnings of $0.56 per share and revenue of $3.45 billion for the quarter.

FirstEnergy (NYSE:FE - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.07. The firm had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.68 billion. FirstEnergy had a net margin of 7.78% and a return on equity of 11.49%. The company's revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 earnings per share. On average, analysts expect FirstEnergy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

FirstEnergy Trading Up 1.3%

FE traded up $0.56 during midday trading on Friday, hitting $41.96. 5,689,792 shares of the company were exchanged, compared to its average volume of 3,729,020. The firm's 50 day moving average price is $40.74 and its 200-day moving average price is $40.56. The company has a quick ratio of 0.34, a current ratio of 0.42 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $24.21 billion, a P/E ratio of 22.32, a P/E/G ratio of 2.58 and a beta of 0.39. FirstEnergy has a 1-year low of $37.58 and a 1-year high of $44.97.

FirstEnergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Thursday, August 7th will be given a $0.445 dividend. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 4.24%. FirstEnergy's dividend payout ratio (DPR) is currently 94.68%.

Insider Buying and Selling at FirstEnergy

In other FirstEnergy news, CAO Jason Lisowski sold 12,000 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $41.97, for a total value of $503,640.00. Following the completion of the transaction, the chief accounting officer owned 183 shares in the company, valued at $7,680.51. This trade represents a 98.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jon Taylor K. sold 12,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $43.03, for a total transaction of $516,360.00. Following the completion of the sale, the chief financial officer owned 99,919 shares in the company, valued at $4,299,514.57. This represents a 10.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FE. Brighton Jones LLC purchased a new position in FirstEnergy in the 4th quarter worth $256,000. Integrated Wealth Concepts LLC purchased a new stake in shares of FirstEnergy in the 1st quarter worth about $289,000. Empowered Funds LLC lifted its holdings in FirstEnergy by 7.0% in the first quarter. Empowered Funds LLC now owns 11,213 shares of the utilities provider's stock worth $453,000 after buying an additional 732 shares during the period. Focus Partners Wealth boosted its position in shares of FirstEnergy by 6.8% during the first quarter. Focus Partners Wealth now owns 21,178 shares of the utilities provider's stock valued at $856,000 after purchasing an additional 1,340 shares in the last quarter. Finally, Woodline Partners LP boosted its holdings in shares of FirstEnergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 43,334 shares of the utilities provider's stock valued at $1,752,000 after buying an additional 12,531 shares in the last quarter. 89.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on FE. Bank of America upgraded FirstEnergy from an "underperform" rating to a "neutral" rating and upped their target price for the company from $42.00 to $45.00 in a research report on Wednesday, April 23rd. Scotiabank reissued an "outperform" rating on shares of FirstEnergy in a research report on Friday, April 25th. KeyCorp reissued an "overweight" rating and issued a $46.00 price target (down from $47.00) on shares of FirstEnergy in a research report on Wednesday, July 16th. Guggenheim lifted their target price on shares of FirstEnergy from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Monday, April 7th. Finally, Wells Fargo & Company boosted their price target on shares of FirstEnergy from $41.00 to $44.00 and gave the stock an "equal weight" rating in a report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $45.92.

FirstEnergy Company Profile

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.