FirstEnergy (NYSE:FE) Releases FY 2026 Earnings Guidance

Key Points

• FirstEnergy issued FY 2026 EPS guidance of $2.62–$2.82, compared with analysts’ consensus estimate of $2.73.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $52.83; shares opened at $47.80 and were down 1.0%.
• FirstEnergy declared a quarterly dividend of $0.465 per share, equivalent to an annualized $1.86 payout and a 3.9% yield; institutional investors own 89.41% of the stock.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on FE. Barclays dropped their price target on FirstEnergy from $55.00 to $54.00 and set an "overweight" rating on the stock in a research report on Friday, July 31st. Wells Fargo & Company restated an "overweight" rating and issued a $55.00 price objective on shares of FirstEnergy in a research note on Tuesday, April 21st. Jefferies Financial Group upped their target price on shares of FirstEnergy from $50.00 to $52.00 and gave the company a "hold" rating in a research note on Tuesday, April 21st. Weiss Ratings lowered shares of FirstEnergy from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, June 17th. Finally, UBS Group boosted their price objective on shares of FirstEnergy from $50.00 to $51.00 and gave the stock a "neutral" rating in a report on Thursday, June 11th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, FirstEnergy presently has a consensus rating of "Moderate Buy" and an average target price of $52.83.

FirstEnergy Trading Down 1.0%

Shares of FirstEnergy stock opened at $47.80 on Thursday. FirstEnergy has a 52-week low of $42.72 and a 52-week high of $52.34. The firm has a market capitalization of $27.66 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 2.31 and a beta of 0.46. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.54 and a quick ratio of 0.45. The company's fifty day moving average price is $47.68 and its two-hundred day moving average price is $48.32.

FirstEnergy (NYSE:FE - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.50 EPS for the quarter, hitting analysts' consensus estimates of $0.50. FirstEnergy had a net margin of 6.86% and a return on equity of 10.51%. The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same period last year, the firm earned $0.52 EPS. On average, analysts expect that FirstEnergy will post 2.73 EPS for the current year.

FirstEnergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be paid a $0.465 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.86 annualized dividend and a yield of 3.9%. FirstEnergy's payout ratio is currently 98.94%.

Institutional Investors Weigh In On FirstEnergy

Several large investors have recently made changes to their positions in FE. Brighton Jones LLC bought a new stake in FirstEnergy during the fourth quarter worth about $256,000. Integrated Wealth Concepts LLC bought a new position in shares of FirstEnergy in the first quarter valued at approximately $289,000. Empowered Funds LLC raised its stake in shares of FirstEnergy by 7.0% in the first quarter. Empowered Funds LLC now owns 11,213 shares of the utilities provider's stock valued at $453,000 after acquiring an additional 732 shares during the last quarter. Woodline Partners LP boosted its holdings in shares of FirstEnergy by 40.7% in the 1st quarter. Woodline Partners LP now owns 43,334 shares of the utilities provider's stock worth $1,752,000 after acquiring an additional 12,531 shares in the last quarter. Finally, Focus Partners Wealth boosted its holdings in shares of FirstEnergy by 6.8% in the 1st quarter. Focus Partners Wealth now owns 21,178 shares of the utilities provider's stock worth $856,000 after acquiring an additional 1,340 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.

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