FirstEnergy Corporation (NYSE:FE) Given Average Recommendation of “Moderate Buy” by Brokerages

FirstEnergy Corporation (NYSE:FE) has earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $52.0769.

Several equities analysts recently commented on FE shares. New Street Research set a $52.00 price objective on shares of FirstEnergy in a research note on Tuesday, April 21st. TD Cowen raised shares of FirstEnergy from a “hold” rating to a “buy” rating and cut their price target for the company from $56.00 to $53.00 in a report on Friday, May 15th. Jefferies Financial Group boosted their price target on shares of FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, April 21st. Weiss Ratings cut shares of FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 17th. Finally, UBS Group increased their price objective on FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th.

FirstEnergy Stock Up 0.7%

Shares of NYSE FE opened at $46.76 on Thursday. FirstEnergy has a 52 week low of $39.34 and a 52 week high of $52.34. The business has a 50-day simple moving average of $46.97 and a two-hundred day simple moving average of $47.51. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 1.87. The company has a market cap of $27.05 billion, a P/E ratio of 25.41, a P/E/G ratio of 2.23 and a beta of 0.47.

FirstEnergy (NYSE:FE) last announced its quarterly 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 firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same period in the prior year, the business posted $0.67 earnings per share. The company’s revenue was up 11.6% on a year-over-year basis. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Research analysts anticipate that FirstEnergy will post 2.73 earnings per share for the current fiscal year.

Institutional Trading of FirstEnergy

Institutional investors and hedge funds have recently modified their holdings of the business. LFG Wealth Partners LLC grew its holdings in shares of FirstEnergy by 3.3% during the first quarter. LFG Wealth Partners LLC now owns 16,327 shares of the utilities provider’s stock worth $827,000 after purchasing an additional 519 shares in the last quarter. Parallel Advisors LLC increased its position in shares of FirstEnergy by 20.6% in the first quarter. Parallel Advisors LLC now owns 6,487 shares of the utilities provider’s stock worth $329,000 after purchasing an additional 1,106 shares during the last quarter. NewEdge Advisors LLC raised its stake in FirstEnergy by 2.9% in the first quarter. NewEdge Advisors LLC now owns 33,455 shares of the utilities provider’s stock valued at $1,695,000 after purchasing an additional 946 shares in the last quarter. Optiver Holding B.V. lifted its position in FirstEnergy by 1,910.1% during the first quarter. Optiver Holding B.V. now owns 1,789 shares of the utilities provider’s stock valued at $91,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its position in FirstEnergy by 93.2% during the first quarter. Glenmede Trust Co. NA now owns 59,490 shares of the utilities provider’s stock valued at $3,014,000 after purchasing an additional 28,702 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.