Q4 EPS Estimates for FirstEnergy Decreased by Zacks Research

FirstEnergy Corp. (NYSE:FE) – Investment analysts at Zacks Research dropped their Q4 2024 EPS estimates for FirstEnergy in a research note issued to investors on Monday, October 28th. Zacks Research analyst R. Department now expects that the utilities provider will post earnings per share of $0.70 for the quarter, down from their previous estimate of $0.71. The consensus estimate for FirstEnergy’s current full-year earnings is $2.70 per share. Zacks Research also issued estimates for FirstEnergy’s Q3 2025 earnings at $0.93 EPS and Q4 2025 earnings at $0.75 EPS.

FirstEnergy (NYSE:FE) last posted its quarterly earnings results on Tuesday, July 30th. The utilities provider reported $0.56 EPS for the quarter, hitting the consensus estimate of $0.56. FirstEnergy had a net margin of 6.61% and a return on equity of 12.12%. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the business posted $0.47 EPS.

Several other research firms have also recently commented on FE. JPMorgan Chase & Co. boosted their price target on shares of FirstEnergy from $45.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. KeyCorp boosted their price target on shares of FirstEnergy from $47.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Wells Fargo & Company boosted their price objective on shares of FirstEnergy from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Morgan Stanley boosted their price objective on shares of FirstEnergy from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Finally, Bank of America boosted their price objective on shares of FirstEnergy from $42.00 to $43.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $46.00.

FirstEnergy Trading Down 2.0 %

NYSE FE opened at $42.82 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.52. FirstEnergy has a 52 week low of $34.92 and a 52 week high of $44.97. The stock has a market capitalization of $24.66 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 2.28 and a beta of 0.50. The firm has a 50 day moving average of $43.69 and a two-hundred day moving average of $41.04.

Institutional Trading of FirstEnergy

Institutional investors and hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp raised its position in FirstEnergy by 41.4% in the 1st quarter. Van ECK Associates Corp now owns 187,964 shares of the utilities provider’s stock valued at $7,259,000 after purchasing an additional 54,990 shares during the last quarter. Lord Abbett & CO. LLC raised its position in FirstEnergy by 5.3% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,335,364 shares of the utilities provider’s stock worth $51,572,000 after buying an additional 67,469 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in FirstEnergy by 3.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,317,521 shares of the utilities provider’s stock worth $50,422,000 after buying an additional 42,484 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in FirstEnergy by 214.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 73,567 shares of the utilities provider’s stock worth $2,841,000 after buying an additional 50,176 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in FirstEnergy during the 1st quarter worth $929,000. Hedge funds and other institutional investors own 89.41% of the company’s stock.

FirstEnergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 7th will be given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.70 annualized dividend and a yield of 3.97%. FirstEnergy’s dividend payout ratio (DPR) is 120.57%.

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.