Analysts Set Expectations for FirstEnergy Corp.’s FY2025 Earnings (NYSE:FE)

FirstEnergy Corp. (NYSE:FE) – Stock analysts at KeyCorp issued their FY2025 earnings per share estimates for FirstEnergy in a research note issued to investors on Monday, April 12th. KeyCorp analyst S. Karp forecasts that the utilities provider will post earnings of $3.27 per share for the year.

A number of other brokerages have also recently commented on FE. Bank of America upgraded shares of FirstEnergy from a “neutral” rating to a “buy” rating in a research note on Monday, March 15th. TheStreet upgraded shares of FirstEnergy from a “c+” rating to a “b-” rating in a research note on Thursday, February 4th. Wells Fargo & Company cut shares of FirstEnergy from an “equal weight” rating to an “underweight” rating and raised their price target for the stock from $31.00 to $32.00 in a research note on Wednesday, January 6th. Mizuho raised their price target on shares of FirstEnergy from $32.00 to $33.00 in a research note on Friday, February 19th. Finally, Morgan Stanley lifted their target price on shares of FirstEnergy from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, February 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. FirstEnergy presently has a consensus rating of “Hold” and an average target price of $39.58.

Shares of FE opened at $35.16 on Wednesday. The stock has a market cap of $19.13 billion, a price-to-earnings ratio of 26.04 and a beta of 0.20. The company has a quick ratio of 0.60, a current ratio of 0.70 and a debt-to-equity ratio of 3.09. FirstEnergy has a 12 month low of $22.85 and a 12 month high of $46.36. The company has a 50-day moving average price of $34.30 and a two-hundred day moving average price of $31.38.

FirstEnergy (NYSE:FE) last released its earnings results on Wednesday, February 17th. The utilities provider reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.15). The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.82 billion. FirstEnergy had a net margin of 6.64% and a return on equity of 20.15%. During the same quarter in the previous year, the business posted $0.55 EPS.

Several institutional investors have recently modified their holdings of the stock. Clear Harbor Asset Management LLC acquired a new stake in shares of FirstEnergy in the first quarter valued at approximately $521,000. Alliance Wealth Advisors LLC acquired a new stake in FirstEnergy during the 1st quarter worth $245,000. Global Retirement Partners LLC grew its holdings in FirstEnergy by 6.6% during the 1st quarter. Global Retirement Partners LLC now owns 10,971 shares of the utilities provider’s stock worth $381,000 after acquiring an additional 679 shares during the period. Advisors Management Group Inc. ADV grew its holdings in FirstEnergy by 1.2% during the 1st quarter. Advisors Management Group Inc. ADV now owns 263,528 shares of the utilities provider’s stock worth $9,142,000 after acquiring an additional 3,212 shares during the period. Finally, Redpoint Investment Management Pty Ltd grew its holdings in FirstEnergy by 16.6% during the 1st quarter. Redpoint Investment Management Pty Ltd now owns 102,894 shares of the utilities provider’s stock worth $3,569,000 after acquiring an additional 14,638 shares during the period. 79.97% of the stock is owned by institutional investors and hedge funds.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 1st. Investors of record on Friday, May 7th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend is Thursday, May 6th. FirstEnergy’s dividend payout ratio is currently 60.47%.

FirstEnergy Company Profile

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution and Regulated Transmission segments. It operates 24,035 circuit miles of overhead and underground transmission lines; and electric distribution systems, including 272,531 miles of overhead pole line and underground conduit carrying primary, secondary, and street lighting circuits, as well as owns substations with a total installed transformer capacity of approximately 155,920,348 kilovolt-amperes.

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Earnings History and Estimates for FirstEnergy (NYSE:FE)

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