FirstEnergy (NYSE:FE) Releases FY 2026 Earnings Guidance

FirstEnergy (NYSE:FE) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 2.620-2.820 for the period, compared to the consensus earnings per share estimate of 2.650. The company issued revenue guidance of -.

Analysts Set New Price Targets

FE has been the topic of several analyst reports. Wolfe Research upgraded FirstEnergy from a “peer perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Tuesday, January 27th. Barclays reduced their target price on shares of FirstEnergy from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. Scotiabank boosted their target price on FirstEnergy from $49.00 to $51.00 and gave the stock a “sector outperform” rating in a research report on Friday, October 24th. Mizuho set a $51.00 price target on FirstEnergy in a research note on Thursday. Finally, UBS Group decreased their target price on shares of FirstEnergy from $49.00 to $46.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.92.

FirstEnergy Stock Down 0.2%

FE stock opened at $49.24 on Thursday. FirstEnergy has a 52 week low of $37.58 and a 52 week high of $50.44. The business has a 50-day simple moving average of $46.16 and a 200 day simple moving average of $45.49. The company has a quick ratio of 0.64, a current ratio of 0.75 and a debt-to-equity ratio of 1.80. The company has a market cap of $28.44 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 2.82 and a beta of 0.64.

FirstEnergy (NYSE:FE) last issued its earnings results on Tuesday, February 17th. The utilities provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. FirstEnergy had a net margin of 6.76% and a return on equity of 10.47%. The company had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the previous year, the company earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Sell-side analysts anticipate that FirstEnergy will post 2.66 EPS for the current fiscal year.

FirstEnergy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 7th will be issued a dividend of $0.465 per share. This represents a $1.86 annualized dividend and a dividend yield of 3.8%. This is an increase from FirstEnergy’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, May 7th. FirstEnergy’s dividend payout ratio (DPR) is presently 77.73%.

Key FirstEnergy News

Here are the key news stories impacting FirstEnergy this week:

• Positive Sentiment: Q4 results topped consensus and management affirmed 2026 core EPS guidance while reporting full‑year 2025 results at the top of its revised range — a sign of execution that investors can point to for expected earnings growth. FirstEnergy Announces 2025 Financial Results, Affirms 2026 Guidance and Provides Long-Term Financial Outlook Focused on Delivering Value to Customers, Communities and Investors
• Positive Sentiment: Management unveiled a $36 billion capital investment plan (2026–2030) targeting grid upgrades — this supports long‑term regulated earnings growth and underpins the company’s multi‑year EPS outlook. FirstEnergy announces $36 billion investment plan after posting higher annual profit
• Neutral Sentiment: Operational updates include completion of a new Potomac Edison substation that improves local reliability for ~2,400 customers — positive for service quality but limited near‑term earnings impact. New Potomac Edison Substation Delivers More Reliable Power for Berkeley County Customers
• Neutral Sentiment: Regulatory/operational processes continuing: FirstEnergy’s Ohio utilities are running a PIPP RFP auction for low‑income service procurement — routine but part of ongoing regulatory engagement. FirstEnergy Ohio Utilities’ PIPP RFP Auction: Information Session for Prospective Bidders on Wednesday, February 18, 2026
• Negative Sentiment: New regulatory/political risk flagged: analysts warn that elevated PJM capacity auction prices could lead to higher customer bills and make it harder for FirstEnergy to secure timely cost recovery for grid investments — a key short‑term overhang for the stock. FirstEnergy Faces Rising Political Risk as PJM Capacity Auctions Threaten Higher Customer Bills and Grid Investment Recovery
• Negative Sentiment: Underlying financials show some caution: Q4 EPS fell year‑over‑year (driven partly by regulatory items), and the firm’s leverage (debt/equity ~1.8) and large capex program increase execution and regulatory risk that could pressure near‑term multiples. FirstEnergy Q4 earnings and materials

Institutional Trading of FirstEnergy

Several institutional investors have recently added to or reduced their stakes in FE. Parallel Advisors LLC lifted its position in shares of FirstEnergy by 4.1% during the fourth quarter. Parallel Advisors LLC now owns 5,381 shares of the utilities provider’s stock worth $241,000 after acquiring an additional 213 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its position in FirstEnergy by 5.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,677 shares of the utilities provider’s stock worth $209,000 after purchasing an additional 223 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in FirstEnergy by 1.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 17,316 shares of the utilities provider’s stock worth $793,000 after acquiring an additional 266 shares during the last quarter. Glenmede Investment Management LP boosted its position in FirstEnergy by 5.4% during the 3rd quarter. Glenmede Investment Management LP now owns 5,948 shares of the utilities provider’s stock valued at $273,000 after buying an additional 306 shares during the period. Finally, Colonial Trust Co SC boosted its position in FirstEnergy by 29.9% during the 4th quarter. Colonial Trust Co SC now owns 1,383 shares of the utilities provider’s stock valued at $62,000 after acquiring an additional 318 shares in the last quarter. 89.41% of the stock is currently owned by institutional investors.

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.