FirstEnergy Corporation (NYSE:FE) Receives Average Rating of “Moderate Buy” from Brokerages

FirstEnergy Corporation (NYSE:FE) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $52.0769.

A number of equities research analysts recently issued reports on FE shares. Wells Fargo & Company reiterated an “overweight” rating and issued a $55.00 price objective on shares of FirstEnergy in a report on Tuesday, April 21st. Mizuho set a $51.00 price objective on FirstEnergy in a report on Thursday, February 19th. New Street Research set a $52.00 target price on shares of FirstEnergy in a research report on Tuesday, April 21st. Scotiabank reissued an “outperform” rating on shares of FirstEnergy in a report on Thursday, February 19th. Finally, JPMorgan Chase & Co. upped their price objective on FirstEnergy from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th.

FirstEnergy Stock Down 3.4%

NYSE:FE opened at $46.09 on Thursday. The business’s fifty day moving average price is $47.26 and its 200 day moving average price is $47.51. FirstEnergy has a 1-year low of $39.34 and a 1-year high of $52.34. The firm has a market capitalization of $26.66 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 2.29 and a beta of 0.47. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 1.87.

FirstEnergy (NYSE:FE) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, meeting analysts’ consensus estimates of $0.72. The firm had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $3.80 billion. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The firm’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, sell-side analysts forecast that FirstEnergy will post 2.73 earnings per share for the current fiscal year.

Institutional Trading of FirstEnergy

Several hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its position in FirstEnergy by 11,305.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,974,989 shares of the utilities provider’s stock worth $81,699,000 after buying an additional 1,957,673 shares during the last quarter. Harvest Portfolios Group Inc. raised its stake in FirstEnergy by 15.3% in the third quarter. Harvest Portfolios Group Inc. now owns 208,941 shares of the utilities provider’s stock valued at $9,574,000 after purchasing an additional 27,655 shares in the last quarter. First Trust Advisors LP boosted its position in shares of FirstEnergy by 42.6% during the 3rd quarter. First Trust Advisors LP now owns 2,992,975 shares of the utilities provider’s stock worth $137,138,000 after acquiring an additional 894,549 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of FirstEnergy by 42.8% in the 4th quarter. Intech Investment Management LLC now owns 85,247 shares of the utilities provider’s stock valued at $3,817,000 after purchasing an additional 25,571 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in FirstEnergy by 2.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,277,257 shares of the utilities provider’s stock worth $419,889,000 after acquiring an additional 205,618 shares in the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

About FirstEnergy

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.