Brokerages Set FirstEnergy Corporation (NYSE:FE) Price Target at $48.85

FirstEnergy Corporation (NYSE:FE) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $48.8462.

FE has been the topic of several recent research reports. Jefferies Financial Group lifted their target price on shares of FirstEnergy from $45.00 to $47.00 and gave the company a “hold” rating in a research report on Tuesday, October 21st. UBS Group decreased their price objective on shares of FirstEnergy from $49.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FirstEnergy in a research note on Monday, December 29th. Barclays lowered their target price on shares of FirstEnergy from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Finally, Wells Fargo & Company reduced their price objective on shares of FirstEnergy from $54.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th.

FirstEnergy Stock Up 2.4%

Shares of FE opened at $50.01 on Friday. The company has a 50-day simple moving average of $45.87 and a 200-day simple moving average of $45.37. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.64 and a current ratio of 0.75. FirstEnergy has a 52 week low of $37.58 and a 52 week high of $50.14. The firm has a market capitalization of $28.89 billion, a P/E ratio of 21.84, a P/E/G ratio of 2.86 and a beta of 0.64.

FirstEnergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 7th will be paid a $0.465 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, May 7th. This is a boost from FirstEnergy’s previous quarterly dividend of $0.45. FirstEnergy’s dividend payout ratio (DPR) is currently 77.73%.

Institutional Trading of FirstEnergy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Federated Hermes Inc. increased its stake in shares of FirstEnergy by 198.1% during the second quarter. Federated Hermes Inc. now owns 6,888,967 shares of the utilities provider’s stock worth $277,350,000 after purchasing an additional 4,578,375 shares during the period. Eurizon Capital SGR S.p.A. acquired a new stake in shares of FirstEnergy in the 4th quarter valued at $123,018,000. BROOKFIELD Corp ON bought a new position in FirstEnergy in the fourth quarter valued at about $110,332,000. Boston Partners increased its position in FirstEnergy by 13.5% during the 3rd quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock worth $841,161,000 after purchasing an additional 2,185,400 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of FirstEnergy by 56.0% in the 4th quarter. Victory Capital Management Inc. now owns 5,506,251 shares of the utilities provider’s stock valued at $246,515,000 after acquiring an additional 1,977,504 shares during the last quarter. 89.41% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about FirstEnergy

Here are the key news stories impacting FirstEnergy this week:

• Positive Sentiment: Mon Power and Potomac Edison (subsidiaries of FirstEnergy) selected a 35‑acre site in Maidsville, WV for a new natural‑gas power plant to be sited next to Fort Martin — part of the company’s approved Integrated Resource Plan to add gas and solar capacity to support reliability and affordability. Mon Power and Potomac Edison Select Maidsville, West Virginia, Site for New Natural Gas Power Plant
• Positive Sentiment: FirstEnergy raised its quarterly dividend ~4.5% (new quarterly payment $0.465; yield ~3.8%), signaling cash‑flow support for shareholders and making the stock more attractive to income investors.
• Positive Sentiment: Jersey Central Power & Light (a FirstEnergy utility) reported fewer outages as its $95M New Jersey Reliability Improvement Project reached the midpoint, which supports service reliability and reduces regulatory/credit risk. JCP&L Customers Experiencing Fewer Outages as $95 Million Reliability Project Reaches Midpoint
• Positive Sentiment: Analysts/coverage: brokerages have given FE a consensus “Moderate Buy,” and investment write‑ups highlighted FirstEnergy as a sales‑growth pick alongside other names — both items can support demand from institutional and retail buyers. FirstEnergy Corporation (NYSE:FE) Given Consensus Recommendation of “Moderate Buy” by Brokerages 3 Sales Growth Stocks to Buy Despite AI-Linked Market Turbulence
• Neutral Sentiment: Relative performance pieces note FE has been competitive with utilities peers this year and is being compared to AEP on valuation — useful context for investors but not an immediate catalyst. Is FirstEnergy (FE) Stock Outpacing Its Utilities Peers This Year? FE vs. AEP: Which Stock Is the Better Value Option?
• Neutral Sentiment: Corporate governance update: a routine board departure was announced (director Melvin Williams notified the company he was leaving), described as a routine board change — monitor for any follow‑up governance developments but not an immediate negative. FirstEnergy announces routine board change as director departs

FirstEnergy Company Profile

FirstEnergy Corp. (NYSE: FE) is a U.S.-based electric utility holding company headquartered in Akron, Ohio. The company’s primary business is the delivery of electricity through its regulated transmission and distribution utilities, serving residential, commercial and industrial customers across parts of the Midwest and Mid‑Atlantic. FirstEnergy’s service territory includes states such as Ohio, Pennsylvania, New Jersey, Maryland and West Virginia, and it operates primarily within the PJM regional transmission organization.

FirstEnergy’s core activities center on owning and operating electric distribution networks and transmission systems, maintaining and upgrading grid infrastructure, managing storm response and restoration, and offering customer programs that include energy efficiency and reliability services.