FirstEnergy (NYSE:FE) Issues FY 2026 Earnings Guidance

FirstEnergy (NYSE:FE) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 2.620-2.820 for the period, compared to the consensus EPS estimate of 2.730. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FE. Mizuho set a $51.00 price target on FirstEnergy in a report on Thursday, February 19th. UBS Group lifted their price target on FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. Barclays lifted their price target on FirstEnergy from $50.00 to $53.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. New Street Research set a $52.00 target price on FirstEnergy in a report on Tuesday, April 21st. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $55.00 target price on shares of FirstEnergy in a report on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $52.08.

FirstEnergy Stock Down 3.4%

FirstEnergy stock opened at $46.09 on Thursday. FirstEnergy has a fifty-two week low of $39.34 and a fifty-two week high of $52.34. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.42 and a current ratio of 0.52. The company has a market capitalization of $26.66 billion, a P/E ratio of 25.05, a PEG ratio of 2.29 and a beta of 0.47. The stock has a 50-day simple moving average of $47.26 and a 200-day simple moving average of $47.51.

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

Institutional Trading of FirstEnergy

Several institutional investors and hedge funds have recently added to or reduced their stakes in FE. BROOKFIELD Corp ON purchased a new stake in FirstEnergy during the 4th quarter valued at approximately $110,332,000. Boston Partners raised its stake in FirstEnergy by 13.5% during the 3rd quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock valued at $841,161,000 after acquiring an additional 2,185,400 shares during the last quarter. Victory Capital Management Inc. raised its stake in FirstEnergy by 56.0% during 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. Marshall Wace LLP raised its stake in FirstEnergy by 128.5% during the 3rd quarter. Marshall Wace LLP now owns 3,275,409 shares of the utilities provider’s stock valued at $150,079,000 after acquiring an additional 1,841,946 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in FirstEnergy by 5,885.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,251,001 shares of the utilities provider’s stock valued at $57,321,000 after acquiring an additional 1,230,101 shares during the last quarter. 89.41% of the stock is owned by hedge funds and other 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.