FirstEnergy (NYSE:FE) Releases FY 2026 Earnings Guidance

FirstEnergy (NYSE:FE) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 2.620-2.820 for the period, compared to the consensus estimate of 2.730. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of research firms have commented on FE. TD Cowen raised shares of FirstEnergy from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $56.00 to $53.00 in a report on Friday, May 15th. Scotiabank reaffirmed an “outperform” rating on shares of FirstEnergy in a report on Thursday, February 19th. New Street Research set a $52.00 price objective on shares of FirstEnergy in a report on Tuesday, April 21st. Weiss Ratings raised shares of FirstEnergy from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 2nd. Finally, Jefferies Financial Group lifted their price objective on shares of FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a report on Tuesday, April 21st. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, FirstEnergy presently has an average rating of “Moderate Buy” and an average target price of $52.08.

FirstEnergy Stock Performance

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

FirstEnergy (NYSE:FE) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.72. The company had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $3.80 billion. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the business posted $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, research analysts predict that FirstEnergy will post 2.73 EPS for the current year.

Institutional Investors Weigh In On FirstEnergy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Boston Partners raised its stake in shares of 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 in the last quarter. Invesco Ltd. raised its stake in shares of FirstEnergy by 0.3% during the fourth quarter. Invesco Ltd. now owns 11,722,471 shares of the utilities provider’s stock valued at $524,815,000 after purchasing an additional 34,014 shares in the last quarter. Victory Capital Management Inc. raised its stake 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 valued at $246,515,000 after purchasing an additional 1,977,504 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of FirstEnergy by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,551,152 shares of the utilities provider’s stock valued at $158,985,000 after purchasing an additional 31,058 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in shares of FirstEnergy by 128.5% during the third quarter. Marshall Wace LLP now owns 3,275,409 shares of the utilities provider’s stock valued at $150,079,000 after purchasing an additional 1,841,946 shares in the last quarter. 89.41% of the stock is currently owned by institutional investors.

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.