FirstEnergy (NYSE:FE) Releases FY 2026 Earnings Guidance

FirstEnergy (NYSE:FE) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.620-2.820 for the period, compared to the consensus estimate of 2.650. The company issued revenue guidance of -.

FirstEnergy Stock Down 1.4%

Shares of FE traded down $0.72 on Tuesday, reaching $49.38. The stock had a trading volume of 6,094,159 shares, compared to its average volume of 4,994,902. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.64 and a current ratio of 0.75. FirstEnergy has a 12-month low of $37.58 and a 12-month high of $50.44. The firm has a market capitalization of $28.53 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 2.86 and a beta of 0.64. The company has a 50-day simple moving average of $45.97 and a 200-day simple moving average of $45.42.

FirstEnergy (NYSE:FE) last announced its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. FirstEnergy had a net margin of 9.19% and a return on equity of 11.15%. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Sell-side analysts predict that FirstEnergy will post 2.66 EPS for the current year.

FirstEnergy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 7th will be paid a $0.465 dividend. This is an increase from FirstEnergy’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, May 7th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.8%. FirstEnergy’s dividend payout ratio (DPR) is 81.22%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FE. UBS Group reduced their price objective on FirstEnergy from $49.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Scotiabank boosted their price target on FirstEnergy from $49.00 to $51.00 and gave the company a “sector outperform” rating in a research note on Friday, October 24th. Jefferies Financial Group upped their price target on FirstEnergy from $45.00 to $47.00 and gave the stock a “hold” rating in a research note on Tuesday, October 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of FirstEnergy in a research report on Monday, December 29th. Finally, Mizuho upped their target price on shares of FirstEnergy from $45.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, FirstEnergy presently has a consensus rating of “Moderate Buy” and an average target price of $48.85.

Institutional Investors Weigh In On FirstEnergy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC bought a new position in shares of FirstEnergy in the fourth quarter worth about $256,000. Integrated Wealth Concepts LLC purchased a new stake in FirstEnergy in the 1st quarter valued at about $289,000. Empowered Funds LLC grew its stake in 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 in the last quarter. Woodline Partners LP increased its position in shares of FirstEnergy by 40.7% during the first quarter. Woodline Partners LP now owns 43,334 shares of the utilities provider’s stock worth $1,752,000 after acquiring an additional 12,531 shares during the period. Finally, Focus Partners Wealth increased its position in shares of FirstEnergy by 6.8% during the first quarter. Focus Partners Wealth now owns 21,178 shares of the utilities provider’s stock worth $856,000 after acquiring an additional 1,340 shares during the period. 89.41% of the stock is currently owned by hedge funds and other institutional investors.

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.