FirstEnergy (NYSE:FE) Earns "Buy (B)" Rating from Weiss Ratings

Key Points

• FirstEnergy's stock has been reissued a "Buy (B)" rating by Weiss Ratings, reflecting positive sentiment from investment analysts.
• Barclays upgraded FirstEnergy from "equal weight" to "overweight" with a price target increase to $49.00, while analysts have an average price target of $46.77.
• The company reported quarterly earnings of $0.52 EPS, exceeding estimates, and has provided guidance of 2.400-2.600 EPS for FY 2025.

FirstEnergy (NYSE:FE - Get Free Report)'s stock had its "buy (b)" rating reissued by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other research analysts also recently issued reports on the company. Barclays upgraded FirstEnergy from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $43.00 to $49.00 in a report on Monday, August 25th. KeyCorp reiterated an "overweight" rating and set a $46.00 price objective (down from $47.00) on shares of FirstEnergy in a report on Wednesday, July 16th. Scotiabank reiterated an "outperform" rating on shares of FirstEnergy in a report on Wednesday. Morgan Stanley decreased their price objective on FirstEnergy from $48.00 to $47.00 and set an "overweight" rating for the company in a report on Thursday, September 25th. Finally, UBS Group set a $44.00 price objective on FirstEnergy and gave the stock a "neutral" rating in a report on Tuesday, June 24th. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $46.77.

FirstEnergy Stock Up 0.6%

Shares of FirstEnergy stock opened at $46.67 on Wednesday. FirstEnergy has a 1 year low of $37.58 and a 1 year high of $47.35. The business has a 50-day moving average of $43.94 and a two-hundred day moving average of $41.98. The company has a market capitalization of $26.95 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 2.85 and a beta of 0.52. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.61 and a quick ratio of 0.51.

FirstEnergy (NYSE:FE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.02. The business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.45 billion. FirstEnergy had a return on equity of 11.31% and a net margin of 9.31%.During the same period last year, the company earned $0.56 earnings per share. FirstEnergy has set its FY 2025 guidance at 2.400-2.600 EPS. As a group, equities analysts predict that FirstEnergy will post 2.66 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Genesis Private Wealth LLC lifted its position in shares of FirstEnergy by 10.5% in the third quarter. Genesis Private Wealth LLC now owns 5,536 shares of the utilities provider's stock valued at $254,000 after buying an additional 525 shares during the last quarter. Wedmont Private Capital lifted its position in shares of FirstEnergy by 5.7% in the third quarter. Wedmont Private Capital now owns 7,707 shares of the utilities provider's stock valued at $358,000 after buying an additional 414 shares during the last quarter. Czech National Bank lifted its position in shares of FirstEnergy by 5.1% in the third quarter. Czech National Bank now owns 131,983 shares of the utilities provider's stock valued at $6,047,000 after buying an additional 6,425 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of FirstEnergy by 20.5% in the third quarter. GAMMA Investing LLC now owns 14,332 shares of the utilities provider's stock valued at $657,000 after buying an additional 2,441 shares during the last quarter. Finally, Caldwell Trust Co acquired a new stake in shares of FirstEnergy in the second quarter valued at approximately $35,000. 89.41% of the stock is currently owned by institutional investors.

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.

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