Q4 2024 EPS Estimates for FirstEnergy Corp. Boosted by Analyst (NYSE:FE)

FirstEnergy Corp. (NYSE:FE) – Equities researchers at Zacks Research boosted their Q4 2024 earnings per share (EPS) estimates for FirstEnergy in a research note issued on Tuesday, April 23rd. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings of $0.63 per share for the quarter, up from their prior estimate of $0.60. The consensus estimate for FirstEnergy’s current full-year earnings is $2.66 per share. Zacks Research also issued estimates for FirstEnergy’s Q2 2025 earnings at $0.68 EPS, Q3 2025 earnings at $0.89 EPS, Q1 2026 earnings at $0.81 EPS and FY2026 earnings at $3.08 EPS.

Several other brokerages have also issued reports on FE. StockNews.com lowered FirstEnergy from a “hold” rating to a “sell” rating in a research note on Monday, February 12th. KeyCorp upped their target price on shares of FirstEnergy from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. Bank of America raised their target price on shares of FirstEnergy from $30.00 to $35.00 and gave the company an “underperform” rating in a research note on Tuesday. The Goldman Sachs Group began coverage on shares of FirstEnergy in a report on Wednesday, April 10th. They issued a “buy” rating and a $45.00 price objective on the stock. Finally, Scotiabank lowered their target price on shares of FirstEnergy from $41.00 to $40.00 and set a “sector perform” rating for the company in a report on Monday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.80.

FirstEnergy Stock Down 0.2 %

NYSE:FE opened at $38.12 on Wednesday. The stock’s fifty day moving average price is $37.76 and its two-hundred day moving average price is $37.07. The company has a market cap of $21.94 billion, a price-to-earnings ratio of 21.06 and a beta of 0.48. FirstEnergy has a 52-week low of $32.18 and a 52-week high of $41.17. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.38 and a current ratio of 0.48.

FirstEnergy (NYSE:FE) last issued its quarterly earnings results on Friday, February 9th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. The business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.10 billion. FirstEnergy had a net margin of 8.56% and a return on equity of 13.52%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FE. MGO One Seven LLC raised its holdings in shares of FirstEnergy by 4.7% during the third quarter. MGO One Seven LLC now owns 6,425 shares of the utilities provider’s stock worth $220,000 after acquiring an additional 287 shares during the period. Marcum Wealth LLC raised its stake in shares of FirstEnergy by 3.8% in the 1st quarter. Marcum Wealth LLC now owns 7,973 shares of the utilities provider’s stock valued at $308,000 after purchasing an additional 295 shares during the period. Allworth Financial LP lifted its holdings in shares of FirstEnergy by 9.3% in the fourth quarter. Allworth Financial LP now owns 3,728 shares of the utilities provider’s stock valued at $137,000 after purchasing an additional 318 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of FirstEnergy by 1.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 28,575 shares of the utilities provider’s stock worth $977,000 after buying an additional 339 shares in the last quarter. Finally, Daymark Wealth Partners LLC raised its position in FirstEnergy by 0.5% in the 4th quarter. Daymark Wealth Partners LLC now owns 72,037 shares of the utilities provider’s stock valued at $2,641,000 after buying an additional 341 shares during the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.

FirstEnergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Monday, May 6th. This is a positive change from FirstEnergy’s previous quarterly dividend of $0.41. This represents a $1.70 annualized dividend and a yield of 4.46%. FirstEnergy’s payout ratio is currently 90.61%.

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.