FirstEnergy Corporation (NYSE:FE) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of FirstEnergy Corporation (NYSE:FE) have received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $52.0769.

A number of research analysts recently commented on FE shares. Mizuho set a $51.00 target price on FirstEnergy in a research report on Thursday, February 19th. Weiss Ratings upgraded FirstEnergy from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 2nd. Barclays boosted their price target on shares of FirstEnergy from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. JPMorgan Chase & Co. boosted their price objective on FirstEnergy from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Finally, New Street Research set a $52.00 price objective on FirstEnergy in a research report on Tuesday, April 21st.

FirstEnergy Stock Performance

Shares of FirstEnergy stock opened at $46.09 on Thursday. The firm has a market cap of $26.66 billion, a P/E ratio of 25.05, a P/E/G ratio of 2.29 and a beta of 0.47. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 1.87. The stock’s fifty day moving average price is $47.26 and its 200-day moving average price is $47.51. FirstEnergy has a 12 month low of $39.34 and a 12 month high of $52.34.

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, meeting analysts’ consensus estimates of $0.72. The business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.80 billion. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The company’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, equities research analysts expect that FirstEnergy will post 2.73 earnings per share for the current fiscal year.

Institutional Trading of FirstEnergy

Hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC grew its position in FirstEnergy by 4.1% during the fourth quarter. Parallel Advisors LLC now owns 5,381 shares of the utilities provider’s stock valued at $241,000 after acquiring an additional 213 shares during the period. Simplicity Wealth LLC raised its stake in FirstEnergy by 3.4% during the first quarter. Simplicity Wealth LLC now owns 6,839 shares of the utilities provider’s stock valued at $346,000 after buying an additional 223 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in FirstEnergy by 5.0% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 4,677 shares of the utilities provider’s stock valued at $209,000 after buying an additional 223 shares in the last quarter. Pinnacle Bancorp Inc. raised its stake in FirstEnergy by 44.4% during the first quarter. Pinnacle Bancorp Inc. now owns 754 shares of the utilities provider’s stock valued at $38,000 after buying an additional 232 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of FirstEnergy by 4.8% during the 4th quarter. Signaturefd LLC now owns 5,181 shares of the utilities provider’s stock worth $232,000 after purchasing an additional 235 shares during the period. 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.