FirstEnergy (NYSE:FE) Issues FY 2026 Earnings Guidance

FirstEnergy (NYSE:FE) updated its FY 2026 earnings guidance on Thursday 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 -.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Barclays lowered their price objective on FirstEnergy from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Wolfe Research downgraded FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Jefferies Financial Group raised their price target on FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, April 21st. Wells Fargo & Company restated an “overweight” rating and issued a $55.00 price target on shares of FirstEnergy in a report on Tuesday, April 21st. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of FirstEnergy in a research note on Wednesday, July 22nd. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, FirstEnergy has an average rating of “Moderate Buy” and a consensus price target of $52.83.

FirstEnergy Price Performance

FE stock opened at $47.50 on Friday. The firm has a market cap of $27.48 billion, a P/E ratio of 25.27, a price-to-earnings-growth ratio of 2.27 and a beta of 0.46. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.45 and a current ratio of 0.54. FirstEnergy has a 1 year low of $42.72 and a 1 year high of $52.34. The stock has a 50-day simple moving average of $47.72 and a 200-day simple moving average of $48.32.

FirstEnergy (NYSE:FE) last released its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.51 billion. FirstEnergy had a return on equity of 10.51% and a net margin of 6.86%.During the same period in the previous year, the company posted $0.52 EPS. On average, equities analysts predict that FirstEnergy will post 2.74 earnings per share for the current fiscal year.

FirstEnergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be given a dividend of $0.465 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, August 7th. FirstEnergy’s payout ratio is presently 98.94%.

Institutional Investors Weigh In On FirstEnergy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FE. BROOKFIELD Corp ON bought a new position in FirstEnergy during the fourth quarter worth $110,332,000. Boston Partners increased its stake in FirstEnergy by 13.5% during the third quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock valued at $841,161,000 after purchasing an additional 2,185,400 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of FirstEnergy by 56.0% during the fourth quarter. Victory Capital Management Inc. now owns 5,506,251 shares of the utilities provider’s stock worth $246,515,000 after purchasing an additional 1,977,504 shares during the period. Marshall Wace LLP lifted its position in shares of FirstEnergy by 128.5% in the 3rd quarter. Marshall Wace LLP now owns 3,275,409 shares of the utilities provider’s stock worth $150,079,000 after buying an additional 1,841,946 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in shares of FirstEnergy by 5,885.7% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,251,001 shares of the utilities provider’s stock worth $57,321,000 after buying an additional 1,230,101 shares during the last quarter. Hedge funds and other institutional investors 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.