What is KeyCorp's Forecast for FirstEnergy FY2025 Earnings?

Key Points

• KeyCorp forecasts FirstEnergy's FY2025 earnings per share at $2.54, lower than the consensus estimate of $2.66 per share.
• Multiple analysts have varying ratings for FirstEnergy, with seven giving a Buy rating and a consensus rating of "Moderate Buy" with an average target price of $46.91.
• FirstEnergy announced a quarterly dividend of $0.445 per share, resulting in an annualized dividend yield of 3.8%.

FirstEnergy Corporation (NYSE:FE - Free Report) - Equities researchers at KeyCorp issued their FY2025 earnings per share estimates for FirstEnergy in a research report issued on Wednesday, October 15th. KeyCorp analyst S. Karp forecasts that the utilities provider will earn $2.54 per share for the year. KeyCorp has a "Sector Weight" rating on the stock. The consensus estimate for FirstEnergy's current full-year earnings is $2.66 per share. KeyCorp also issued estimates for FirstEnergy's FY2026 earnings at $2.73 EPS, FY2027 earnings at $2.95 EPS and FY2028 earnings at $3.17 EPS.

FE has been the subject of several other research reports. Scotiabank reissued an "outperform" rating on shares of FirstEnergy in a report on Wednesday, October 8th. UBS Group set a $44.00 price target on FirstEnergy and gave the company a "neutral" rating in a report on Tuesday, June 24th. Morgan Stanley cut their price target on FirstEnergy from $48.00 to $47.00 and set an "overweight" rating for the company in a report on Thursday, September 25th. Citigroup initiated coverage on FirstEnergy in a report on Tuesday, October 7th. They set a "buy" rating and a $53.00 price target for the company. Finally, Mizuho upped their price objective on FirstEnergy from $43.00 to $45.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $46.91.

FirstEnergy Stock Performance

NYSE:FE opened at $47.00 on Monday. The stock has a 50-day simple moving average of $44.46 and a two-hundred day simple moving average of $42.37. FirstEnergy has a 52-week low of $37.58 and a 52-week high of $47.99. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.51 and a current ratio of 0.61. The firm has a market capitalization of $27.14 billion, a PE ratio of 20.80, a P/E/G ratio of 3.18 and a beta of 0.52.

FirstEnergy (NYSE:FE - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. FirstEnergy had a return on equity of 11.31% and a net margin of 9.31%.The business had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. FirstEnergy has set its FY 2025 guidance at 2.400-2.600 EPS.

Hedge Funds Weigh In On FirstEnergy

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of FirstEnergy by 1.3% in the second quarter. Vanguard Group Inc. now owns 66,988,086 shares of the utilities provider's stock worth $2,696,940,000 after buying an additional 837,872 shares in the last quarter. Boston Partners lifted its position in shares of FirstEnergy by 14.9% in the first quarter. Boston Partners now owns 18,962,859 shares of the utilities provider's stock worth $767,952,000 after buying an additional 2,459,779 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of FirstEnergy by 1.1% in the second quarter. Geode Capital Management LLC now owns 13,091,114 shares of the utilities provider's stock worth $524,764,000 after buying an additional 146,742 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of FirstEnergy by 198.1% in the second quarter. Federated Hermes Inc. now owns 6,888,967 shares of the utilities provider's stock worth $277,350,000 after buying an additional 4,578,375 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of FirstEnergy by 8.6% in the second quarter. Legal & General Group Plc now owns 4,715,098 shares of the utilities provider's stock worth $189,830,000 after buying an additional 374,053 shares in the last quarter. Institutional investors own 89.41% of the company's stock.

FirstEnergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 7th will be paid a $0.445 dividend. 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 dividend payout ratio is 78.76%.

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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