Q4 2024 EPS Estimates for FirstEnergy Corp. Boosted by Analyst (NYSE:FE)

FirstEnergy Corp. (NYSE:FE - Free Report) - Research analysts at Zacks Research increased their Q4 2024 earnings per share estimates for shares of FirstEnergy in a note issued to investors on Tuesday, April 23rd. Zacks Research analyst R. Department now expects that the utilities provider will earn $0.63 per share for the quarter, up from their previous estimate of $0.60. The consensus estimate for FirstEnergy's current full-year earnings is $2.66 per share. Zacks Research also issued estimates for FirstEnergy's Q2 2025 earnings at $0.68 EPS, Q3 2025 earnings at $0.89 EPS, Q1 2026 earnings at $0.81 EPS and FY2026 earnings at $3.08 EPS.

FirstEnergy (NYSE:FE - Get Free Report) last issued its earnings results on Friday, February 9th. The utilities provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. FirstEnergy had a return on equity of 13.52% and a net margin of 8.56%. The business had revenue of $3.20 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same period in the prior year, the business earned $0.50 EPS. The business's revenue for the quarter was up .0% compared to the same quarter last year.

A number of other brokerages have also recently weighed in on FE. StockNews.com cut FirstEnergy from a "hold" rating to a "sell" rating in a research note on Monday, February 12th. The Goldman Sachs Group initiated coverage on FirstEnergy in a research note on Wednesday, April 10th. They set a "buy" rating and a $45.00 price objective for the company. Bank of America increased their price target on FirstEnergy from $30.00 to $35.00 and gave the company an "underperform" rating in a research note on Tuesday. Scotiabank decreased their price target on FirstEnergy from $41.00 to $40.00 and set a "sector perform" rating for the company in a research note on Monday. Finally, KeyCorp increased their price target on FirstEnergy from $41.00 to $43.00 and gave the company an "overweight" rating in a research note on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $39.80.

FirstEnergy Stock Up 0.5 %

Shares of NYSE FE traded up $0.18 during mid-day trading on Wednesday, reaching $38.30. 2,464,706 shares of the company were exchanged, compared to its average volume of 3,347,386. The company has a quick ratio of 0.38, a current ratio of 0.48 and a debt-to-equity ratio of 2.10. The stock has a market cap of $22.04 billion, a price-to-earnings ratio of 21.16 and a beta of 0.48. FirstEnergy has a 1 year low of $32.18 and a 1 year high of $41.17. The firm has a 50-day moving average of $37.79 and a 200 day moving average of $37.08.

FirstEnergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 4.44%. This is a positive change from FirstEnergy's previous quarterly dividend of $0.41. The ex-dividend date is Monday, May 6th. FirstEnergy's dividend payout ratio (DPR) is 90.61%.

Institutional Trading of FirstEnergy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital World Investors grew its holdings in FirstEnergy by 38.2% during the fourth quarter. Capital World Investors now owns 68,155,129 shares of the utilities provider's stock worth $2,498,567,000 after acquiring an additional 18,853,983 shares during the period. FMR LLC boosted its position in FirstEnergy by 31.1% during the third quarter. FMR LLC now owns 15,827,860 shares of the utilities provider's stock worth $540,996,000 after purchasing an additional 3,756,228 shares in the last quarter. Invesco Ltd. boosted its position in FirstEnergy by 3.1% during the third quarter. Invesco Ltd. now owns 13,573,719 shares of the utilities provider's stock worth $463,950,000 after purchasing an additional 407,350 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in FirstEnergy by 0.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 8,930,826 shares of the utilities provider's stock worth $344,908,000 after purchasing an additional 82,482 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in FirstEnergy by 1.7% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,543,375 shares of the utilities provider's stock worth $189,473,000 after purchasing an additional 92,561 shares in the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.

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.