FirstEnergy (NYSE:FE) Issues FY 2026 Earnings Guidance

FirstEnergy (NYSE:FE) issued an update on its FY 2026 earnings guidance on Wednesday morning. 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 -.

FirstEnergy Trading Up 0.7%

Shares of FE stock opened at $47.69 on Wednesday. The business’s fifty day moving average price is $47.36 and its 200 day moving average price is $47.52. FirstEnergy has a 1-year low of $39.28 and a 1-year high of $52.34. The firm has a market capitalization of $27.58 billion, a PE ratio of 25.92, a P/E/G ratio of 2.27 and a beta of 0.47. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.52 and a quick ratio of 0.42.

FirstEnergy (NYSE:FE) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. FirstEnergy’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. As a group, sell-side analysts forecast that FirstEnergy will post 2.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FE has been the topic of a number of recent analyst reports. New Street Research set a $52.00 price objective on FirstEnergy in a report on Tuesday, April 21st. TD Cowen raised FirstEnergy from a “hold” rating to a “buy” rating and lowered their target price for the company from $56.00 to $53.00 in a report on Friday, May 15th. UBS Group upped their target price on FirstEnergy from $50.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. Mizuho set a $51.00 target price on FirstEnergy in a report on Thursday, February 19th. Finally, Scotiabank reissued an “outperform” rating on shares of FirstEnergy in a report on Thursday, February 19th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, FirstEnergy has an average rating of “Moderate Buy” and a consensus target price of $52.08.

Institutional Trading of FirstEnergy

A number of large investors have recently made changes to their positions in FE. State of Wyoming acquired a new stake in shares of FirstEnergy during the second quarter valued at $25,000. DV Equities LLC acquired a new stake in shares of FirstEnergy during the fourth quarter valued at $33,000. Summit Securities Group LLC boosted its stake in shares of FirstEnergy by 148.0% during the fourth quarter. Summit Securities Group LLC now owns 771 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 2,376 shares during the last quarter. WFA of San Diego LLC acquired a new stake in shares of FirstEnergy during the second quarter valued at $46,000. Finally, Headlands Technologies LLC acquired a new stake in shares of FirstEnergy during the second quarter valued at $55,000. Institutional investors and hedge funds own 89.41% of the company’s stock.

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.