Q2 EPS Estimates for FirstEnergy Reduced by Zacks Research

FirstEnergy Corp. (NYSE:FE - Free Report) - Investment analysts at Zacks Research lowered their Q2 2026 earnings per share estimates for FirstEnergy in a note issued to investors on Tuesday, June 10th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings per share of $0.61 for the quarter, down from their prior forecast of $0.62. The consensus estimate for FirstEnergy's current full-year earnings is $2.66 per share. Zacks Research also issued estimates for FirstEnergy's FY2026 earnings at $2.77 EPS and Q1 2027 earnings at $0.67 EPS.

FirstEnergy (NYSE:FE - Get Free Report) last released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.07. The business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.68 billion. FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. FirstEnergy's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share.

Other research analysts have also recently issued research reports about the company. Evercore ISI raised their price target on FirstEnergy from $41.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. UBS Group boosted their target price on shares of FirstEnergy from $41.00 to $43.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Bank of America raised shares of FirstEnergy from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $42.00 to $45.00 in a report on Wednesday, April 23rd. Wells Fargo & Company lifted their price objective on shares of FirstEnergy from $41.00 to $44.00 and gave the company an "equal weight" rating in a research note on Friday, April 25th. Finally, Scotiabank restated an "outperform" rating on shares of FirstEnergy in a research report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, FirstEnergy has an average rating of "Hold" and an average target price of $46.00.

FirstEnergy Stock Performance

NYSE FE traded down $0.36 on Friday, reaching $40.31. The stock had a trading volume of 3,850,510 shares, compared to its average volume of 3,859,474. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.56 and a quick ratio of 0.46. The company has a market cap of $23.27 billion, a P/E ratio of 26.01, a price-to-earnings-growth ratio of 2.07 and a beta of 0.40. The firm has a fifty day moving average of $41.59 and a two-hundred day moving average of $40.58. FirstEnergy has a 1-year low of $37.58 and a 1-year high of $44.97.

Institutional Trading of FirstEnergy

Hedge funds have recently bought and sold shares of the company. Dakota Wealth Management increased its position in FirstEnergy by 3.4% in the first quarter. Dakota Wealth Management now owns 7,633 shares of the utilities provider's stock worth $309,000 after buying an additional 249 shares in the last quarter. Balanced Wealth Group LLC grew its stake in shares of FirstEnergy by 0.9% during the 4th quarter. Balanced Wealth Group LLC now owns 26,991 shares of the utilities provider's stock valued at $1,074,000 after acquiring an additional 250 shares during the period. Covestor Ltd increased its holdings in FirstEnergy by 69.3% in the 4th quarter. Covestor Ltd now owns 623 shares of the utilities provider's stock worth $25,000 after acquiring an additional 255 shares in the last quarter. Kovitz Investment Group Partners LLC raised its stake in FirstEnergy by 2.4% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 10,807 shares of the utilities provider's stock worth $437,000 after acquiring an additional 255 shares during the period. Finally, Equitable Trust Co. raised its stake in FirstEnergy by 1.2% during the 1st quarter. Equitable Trust Co. now owns 22,677 shares of the utilities provider's stock worth $917,000 after acquiring an additional 266 shares during the period. Hedge funds and other institutional investors own 89.41% of the company's stock.

Insider Activity

In related news, CFO Jon Taylor K. sold 12,000 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $43.03, for a total transaction of $516,360.00. Following the sale, the chief financial officer now directly owns 99,919 shares of the company's stock, valued at $4,299,514.57. This trade represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.17% of the company's stock.

FirstEnergy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Wednesday, May 7th were paid a dividend of $0.445 per share. This is an increase from FirstEnergy's previous quarterly dividend of $0.43. The ex-dividend date was Wednesday, May 7th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 4.42%. FirstEnergy's dividend payout ratio (DPR) is currently 94.68%.

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.