FirstEnergy Corp. (NYSE:FE - Free Report) - Investment analysts at Zacks Research raised their Q1 2025 earnings per share (EPS) estimates for shares of FirstEnergy in a research report issued to clients and investors on Wednesday, April 23rd. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings per share of $0.62 for the quarter, up from their previous estimate of $0.58. 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 $0.61 EPS, Q3 2025 earnings at $0.85 EPS and Q4 2025 earnings at $0.60 EPS.
FE has been the subject of a number of other reports. Guggenheim boosted their price target on FirstEnergy from $45.00 to $47.00 and gave the company a "buy" rating in a report on Monday, April 7th. Wolfe Research downgraded FirstEnergy from an "outperform" rating to a "peer perform" rating in a report on Thursday, January 23rd. Mizuho set a $43.00 price objective on FirstEnergy in a research report on Monday. UBS Group boosted their price objective on FirstEnergy from $41.00 to $43.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, Evercore ISI boosted their price objective on FirstEnergy from $41.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $46.00.
Read Our Latest Research Report on FE
FirstEnergy Stock Performance
Shares of NYSE FE traded down $0.37 during trading on Friday, reaching $42.70. The stock had a trading volume of 2,002,784 shares, compared to its average volume of 5,401,424. FirstEnergy has a one year low of $37.58 and a one year high of $44.97. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.56. The stock has a market cap of $24.62 billion, a PE ratio of 27.55, a P/E/G ratio of 2.07 and a beta of 0.41. The firm's 50 day moving average price is $40.28 and its two-hundred day moving average price is $40.69.
FirstEnergy (NYSE:FE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.07. FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same period in the previous year, the business earned $0.55 EPS. FirstEnergy's revenue for the quarter was up 14.5% compared to the same quarter last year.
FirstEnergy Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 7th will be issued a $0.445 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 4.17%. This is a positive change from FirstEnergy's previous quarterly dividend of $0.43. FirstEnergy's dividend payout ratio (DPR) is currently 94.68%.
Institutional Trading of FirstEnergy
Hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd increased its holdings in shares of FirstEnergy by 69.3% in the fourth quarter. Covestor Ltd now owns 623 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 255 shares in the last quarter. Kestra Investment Management LLC bought a new position in FirstEnergy in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. bought a new position in FirstEnergy in the fourth quarter valued at approximately $26,000. WASHINGTON TRUST Co boosted its stake in FirstEnergy by 293.0% in the fourth quarter. WASHINGTON TRUST Co now owns 786 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 586 shares during the last quarter. Finally, Bernard Wealth Management Corp. bought a new position in shares of FirstEnergy during the fourth quarter worth $31,000. Institutional investors and hedge funds own 89.41% of the company's stock.
About FirstEnergy
(
Get Free Report)
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.
See Also
Before you consider FirstEnergy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FirstEnergy wasn't on the list.
While FirstEnergy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
