Zacks Research Decreases Earnings Estimates for FirstEnergy

FirstEnergy Corp. (NYSE:FE) – Stock analysts at Zacks Research cut their Q3 2025 earnings per share (EPS) estimates for shares of FirstEnergy in a report released on Tuesday, November 19th. Zacks Research analyst R. Department now expects that the utilities provider will post earnings per share of $0.92 for the quarter, down from their prior forecast of $0.93. The consensus estimate for FirstEnergy’s current full-year earnings is $2.68 per share. Zacks Research also issued estimates for FirstEnergy’s Q1 2026 earnings at $0.68 EPS and Q2 2026 earnings at $0.62 EPS.

FirstEnergy (NYSE:FE) last posted its earnings results on Tuesday, October 29th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.05). FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period last year, the business earned $0.88 EPS. FirstEnergy’s revenue was up 6.9% compared to the same quarter last year.

A number of other research analysts have also weighed in on the company. KeyCorp raised their price objective on FirstEnergy from $47.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Argus upgraded FirstEnergy from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Friday, September 20th. Seaport Res Ptn lowered shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Barclays lifted their price objective on shares of FirstEnergy from $40.00 to $46.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Finally, JPMorgan Chase & Co. lifted their target price on FirstEnergy from $45.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, FirstEnergy currently has a consensus rating of “Hold” and an average price target of $45.91.

FirstEnergy Stock Performance

NYSE FE opened at $41.79 on Friday. The company has a market capitalization of $24.08 billion, a PE ratio of 26.96, a P/E/G ratio of 2.27 and a beta of 0.51. The company has a fifty day moving average of $42.87 and a two-hundred day moving average of $41.44. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.56 and a quick ratio of 0.46. FirstEnergy has a 1 year low of $35.41 and a 1 year high of $44.97.

FirstEnergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Thursday, November 7th. FirstEnergy’s dividend payout ratio is currently 109.68%.

Institutional Investors Weigh In On FirstEnergy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its position in shares of FirstEnergy by 1,417.3% in the third quarter. Assenagon Asset Management S.A. now owns 743,303 shares of the utilities provider’s stock worth $32,965,000 after buying an additional 694,313 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of FirstEnergy by 5.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,098,472 shares of the utilities provider’s stock valued at $403,517,000 after acquiring an additional 457,231 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of FirstEnergy during the 2nd quarter valued at about $14,933,000. Los Angeles Capital Management LLC grew its holdings in shares of FirstEnergy by 1,178.5% during the second quarter. Los Angeles Capital Management LLC now owns 286,824 shares of the utilities provider’s stock worth $10,977,000 after purchasing an additional 264,389 shares in the last quarter. Finally, Boston Partners increased its position in shares of FirstEnergy by 2.3% in the first quarter. Boston Partners now owns 9,517,314 shares of the utilities provider’s stock worth $367,423,000 after purchasing an additional 218,165 shares during the last quarter. 89.41% of the stock is currently owned by institutional investors.

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.