FirstEnergy (NYSE:FE) Posts Quarterly Earnings Results, Meets Estimates

FirstEnergy (NYSE:FE) posted its quarterly earnings data on Tuesday. The utilities provider reported $0.72 EPS for the quarter, meeting analysts’ consensus estimates of $0.72, FiscalAI reports. FirstEnergy had a net margin of 6.76% and a return on equity of 10.50%. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same period in the prior year, the firm posted $0.67 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. FirstEnergy updated its FY 2026 guidance to 2.620-2.820 EPS.

FirstEnergy Trading Down 1.5%

FirstEnergy stock opened at $48.84 on Thursday. The firm’s 50-day moving average is $50.37 and its 200-day moving average is $47.68. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.46 and a current ratio of 0.57. FirstEnergy has a 1 year low of $39.28 and a 1 year high of $52.34. The company has a market cap of $28.25 billion, a P/E ratio of 27.75, a PEG ratio of 2.37 and a beta of 0.60.

FirstEnergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 7th will be given a $0.465 dividend. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Thursday, May 7th. This is an increase from FirstEnergy’s previous quarterly dividend of $0.45. FirstEnergy’s payout ratio is 101.14%.

Insider Transactions at FirstEnergy

In other news, CAO Jason Lisowski sold 3,000 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $50.84, for a total value of $152,520.00. Following the transaction, the chief accounting officer directly owned 7,176 shares in the company, valued at approximately $364,827.84. This trade represents a 29.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James F. Oneil sold 7,945 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $50.60, for a total transaction of $402,017.00. Following the completion of the transaction, the director owned 1,869 shares in the company, valued at approximately $94,571.40. The trade was a 80.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 39,118 shares of company stock worth $1,989,532. 0.14% of the stock is currently owned by insiders.

Institutional Trading of FirstEnergy

A number of large investors have recently modified their holdings of FE. Brighton Jones LLC acquired a new stake in shares of FirstEnergy in the 4th quarter worth about $256,000. Integrated Wealth Concepts LLC acquired a new stake in shares of FirstEnergy in the 1st quarter worth about $289,000. Empowered Funds LLC increased its holdings in shares of FirstEnergy by 7.0% in the 1st quarter. Empowered Funds LLC now owns 11,213 shares of the utilities provider’s stock worth $453,000 after acquiring an additional 732 shares during the period. Woodline Partners LP increased its stake in FirstEnergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 43,334 shares of the utilities provider’s stock valued at $1,752,000 after buying an additional 12,531 shares during the period. Finally, Focus Partners Wealth increased its stake in FirstEnergy by 6.8% during the 1st quarter. Focus Partners Wealth now owns 21,178 shares of the utilities provider’s stock valued at $856,000 after buying an additional 1,340 shares during the period. Institutional investors and hedge funds own 89.41% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on FE shares. Wells Fargo & Company reiterated an “overweight” rating and set a $55.00 price objective on shares of FirstEnergy in a research note on Tuesday, April 21st. Jefferies Financial Group increased their price objective on shares of FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, April 21st. Wolfe Research upgraded shares of FirstEnergy from a “peer perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Tuesday, January 27th. TD Cowen started coverage on shares of FirstEnergy in a research note on Thursday, April 16th. They set a “hold” rating and a $56.00 price objective on the stock. Finally, Barclays increased their price objective on shares of FirstEnergy from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.92.

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.