FY2025 EPS Estimates for FirstEnergy Decreased by Analyst

Key Points

• Seaport Res Ptn has reduced its FY2025 earnings per share estimate for FirstEnergy from $2.90 to $2.55, while the consensus estimate stands at $2.66.
• Significant analyst activity was noted, with Bank of America upgrading FirstEnergy to a "neutral" rating and raising the price target from $42.00 to $45.00.
• FirstEnergy will distribute a quarterly dividend of $0.445 per share, translating to an annualized dividend of $1.78 and a yield of 4.26%, payable on September 1st.

FirstEnergy Corporation (NYSE:FE - Free Report) - Investment analysts at Seaport Res Ptn reduced their FY2025 earnings per share estimates for FirstEnergy in a report released on Monday, July 28th. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will earn $2.55 per share for the year, down from their previous estimate of $2.90. The consensus estimate for FirstEnergy's current full-year earnings is $2.66 per share. Seaport Res Ptn also issued estimates for FirstEnergy's FY2026 earnings at $2.70 EPS and FY2027 earnings at $2.89 EPS.

FE has been the topic of several other research reports. UBS Group set a $44.00 price objective on shares of FirstEnergy and gave the company a "neutral" rating in a report on Tuesday, June 24th. Bank of America upgraded shares of FirstEnergy from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $42.00 to $45.00 in a report on Wednesday, April 23rd. Evercore ISI increased their price target on FirstEnergy from $41.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Scotiabank reaffirmed an "outperform" rating on shares of FirstEnergy in a research report on Friday, April 25th. Finally, Mizuho boosted their price target on shares of FirstEnergy from $43.00 to $45.00 and gave the company a "neutral" rating in a research report on Friday. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $46.08.

FirstEnergy Trading Up 1.1%

Shares of FirstEnergy stock traded up $0.48 on Thursday, reaching $43.19. 5,117,832 shares of the company's stock were exchanged, compared to its average volume of 3,770,879. The company has a market capitalization of $24.93 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 2.62 and a beta of 0.39. FirstEnergy has a 52 week low of $37.58 and a 52 week high of $44.97. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.34 and a current ratio of 0.61. The firm's 50-day moving average is $40.72 and its two-hundred day moving average is $40.66.

FirstEnergy (NYSE:FE - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. The company had revenue of $3.40 billion during the quarter, compared to analysts' expectations of $3.45 billion. FirstEnergy had a return on equity of 11.31% and a net margin of 9.31%. During the same quarter in the prior year, the firm posted $0.56 earnings per share.

FirstEnergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Thursday, August 7th will be paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, August 7th. FirstEnergy's dividend payout ratio is currently 78.76%.

Insiders Place Their Bets

In other FirstEnergy news, CFO Jon Taylor K. sold 12,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $43.03, for a total transaction of $516,360.00. Following the transaction, the chief financial officer directly owned 99,919 shares in the company, valued at $4,299,514.57. This trade represents a 10.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jason Lisowski sold 12,000 shares of FirstEnergy stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $41.97, for a total value of $503,640.00. Following the completion of the transaction, the chief accounting officer owned 183 shares in the company, valued at approximately $7,680.51. This represents a 98.50% decrease in their position. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FE. CWM LLC lifted its holdings in FirstEnergy by 2.0% in the second quarter. CWM LLC now owns 12,044 shares of the utilities provider's stock valued at $485,000 after acquiring an additional 240 shares during the period. Dakota Wealth Management grew its stake in FirstEnergy by 3.4% during the first quarter. Dakota Wealth Management now owns 7,633 shares of the utilities provider's stock valued at $309,000 after acquiring an additional 249 shares in the last quarter. 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 worth $25,000 after purchasing an additional 255 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its position in shares of FirstEnergy by 2.4% in the first quarter. Kovitz Investment Group Partners LLC now owns 10,807 shares of the utilities provider's stock worth $437,000 after buying an additional 255 shares in the last quarter. Finally, Equitable Trust Co. increased its holdings in shares of FirstEnergy by 1.2% in the 1st quarter. Equitable Trust Co. now owns 22,677 shares of the utilities provider's stock worth $917,000 after buying an additional 266 shares during the last quarter. Hedge funds and other institutional investors 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.