FirstEnergy (NYSE:FE) Posts Earnings Results, Beats Estimates By $0.08 EPS

FirstEnergy (NYSE:FE) posted its quarterly earnings data on Tuesday. The utilities provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.08, FiscalAI reports. The company had revenue of $55.00 million for the quarter, compared to analysts’ expectations of $4.24 billion. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 EPS.

FirstEnergy Price Performance

FirstEnergy stock opened at $46.30 on Wednesday. FirstEnergy has a 12-month low of $42.67 and a 12-month high of $52.34. The company has a market capitalization of $26.79 billion, a price-to-earnings ratio of 24.63 and a beta of 0.43. The firm’s fifty day moving average price is $45.45 and its 200 day moving average price is $47.47.

FirstEnergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 6th will be paid a dividend of $0.4650 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.86 annualized dividend and a yield of 4.0%. FirstEnergy’s payout ratio is 98.94%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FE. Mizuho set a $47.00 price objective on shares of FirstEnergy in a research report on Monday, October 12th. Wall Street Zen upgraded shares of FirstEnergy from a “sell” rating to a “hold” rating in a research report on Saturday, September 19th. New Street Research set a $47.00 target price on shares of FirstEnergy in a research note on Tuesday, October 13th. Morgan Stanley lifted their price target on FirstEnergy from $49.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Finally, HSBC assumed coverage on shares of FirstEnergy in a research note on Thursday, October 22nd. They set a “buy” rating and a $50.00 price objective for the company. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, FirstEnergy presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.77.

FirstEnergy News Summary

Here are the key news stories impacting FirstEnergy this week:

• Positive Sentiment: FirstEnergy reported third-quarter GAAP earnings of $0.96 per share and Core Earnings of $0.98 per share, exceeding the $0.90 analyst consensus and rising from $0.83 a year earlier. Revenue increased to $4.6 billion from $4.1 billion. FirstEnergy Delivers Strong Third Quarter Results
• Positive Sentiment: Management reaffirmed its 2026 Core Earnings guidance of $2.62 to $2.82 per share and expects results at or slightly above the midpoint. It also maintained its outlook for Core Earnings compound annual growth near the upper end of its 6%–8% target range through 2030. FirstEnergy Q3 Core EPS, Revenue Rise; Reaffirms 2026 Guidance
• Positive Sentiment: The company reported 7.9 gigawatts of contracted demand from large-load customers and is negotiating roughly 4 additional gigawatts, supporting the long-term growth case as data-center and other high-demand projects expand.
• Positive Sentiment: FirstEnergy invested $4.9 billion in its Energize365 plan during the first nine months and reaffirmed a $36 billion, five-year capital investment program, providing a sizable rate-base growth opportunity. BMO Capital Markets also initiated coverage with an Outperform rating and a $50 price target, above the recent trading level. FirstEnergy Started Outperform at BMO
• Neutral Sentiment: The FirstEnergy Foundation announced $125,000 in grants to organizations supporting housing and emergency shelter. The initiative benefits communities but is unlikely to materially affect near-term earnings or valuation. FirstEnergy Foundation Support Initiative

FirstEnergy Company Profile

FirstEnergy Corp. (NYSE: FE) is an electric utility company focused on the transmission and distribution of electricity. Through its regulated utility subsidiaries, the company delivers power to residential, commercial and industrial customers and maintains the poles, lines, substations and other infrastructure that support electric service.

FirstEnergy’s distribution operations serve customers across parts of Ohio, Pennsylvania, New Jersey, West Virginia and Maryland. Its utility companies include Ohio Edison, The Illuminating Company, Toledo Edison, Jersey Central Power & Light, Met-Ed, Penelec, Penn Power, West Penn Power, Mon Power and The Potomac Edison Company.