FirstEnergy (NYSE:FE) Updates FY 2025 Earnings Guidance

Key Points

• FirstEnergy has updated its FY 2025 earnings guidance to a range of 2.500-2.560 EPS, slightly below the consensus estimate of 2.530.
• After an analyst rating adjustment, Barclays upgraded FirstEnergy to an "overweight" rating, raising the price target from $43 to $49.
• The company has declared a quarterly dividend of $0.445 per share with a dividend yield of 3.8%, to be paid on December 1st.

FirstEnergy (NYSE:FE - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 2.500-2.560 for the period, compared to the consensus earnings per share estimate of 2.530. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Barclays raised FirstEnergy from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $43.00 to $49.00 in a research report on Monday, August 25th. UBS Group set a $44.00 price objective on FirstEnergy and gave the stock a "neutral" rating in a report on Tuesday, June 24th. KeyCorp downgraded FirstEnergy from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 14th. Weiss Ratings reiterated a "buy (b)" rating on shares of FirstEnergy in a report on Wednesday, October 8th. Finally, Jefferies Financial Group raised their price target on FirstEnergy from $45.00 to $47.00 and gave the company a "hold" rating in a research note on Tuesday. Seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $47.17.

FirstEnergy Stock Performance

FE traded up $0.21 during trading on Wednesday, hitting $47.29. The stock had a trading volume of 7,007,645 shares, compared to its average volume of 4,747,012. The firm has a market cap of $27.30 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 3.19 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. The company has a 50 day moving average price of $44.61 and a 200-day moving average price of $42.46. FirstEnergy has a one year low of $37.58 and a one year high of $47.99.

FirstEnergy (NYSE:FE - Get Free Report) last announced its quarterly earnings data on Wednesday, October 22nd. The utilities provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.12. FirstEnergy had a return on equity of 11.31% and a net margin of 9.31%. FirstEnergy has set its FY 2025 guidance at 2.500-2.560 EPS. As a group, research analysts predict that FirstEnergy will post 2.66 EPS for the current year.

FirstEnergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 7th will be issued a dividend of $0.445 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.8%. FirstEnergy's payout ratio is 78.76%.

Hedge Funds Weigh In On FirstEnergy

A number of institutional investors have recently modified their holdings of FE. State of Wyoming acquired a new position in shares of FirstEnergy during the 2nd quarter worth $25,000. WFA of San Diego LLC acquired a new position in FirstEnergy in the 2nd quarter worth about $46,000. Headlands Technologies LLC acquired a new position in FirstEnergy in the 2nd quarter worth about $55,000. MUFG Securities EMEA plc acquired a new position in FirstEnergy in the 2nd quarter worth about $61,000. Finally, Boothbay Fund Management LLC acquired a new position in FirstEnergy in the 2nd quarter worth about $209,000. 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.

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