Scotiabank Forecasts Strong Price Appreciation for FirstEnergy (NYSE:FE) Stock

FirstEnergy (NYSE:FE) had its price objective raised by equities research analysts at Scotiabank from $55.00 to $56.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “sector outperform” rating on the utilities provider’s stock. Scotiabank’s target price points to a potential upside of 13.33% from the company’s previous close.

Other research analysts also recently issued reports about the company. Wolfe Research upgraded FirstEnergy from a “peer perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research note on Tuesday, January 27th. UBS Group dropped their target price on shares of FirstEnergy from $49.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Mizuho set a $51.00 price target on shares of FirstEnergy in a report on Thursday. Barclays dropped their price objective on shares of FirstEnergy from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FirstEnergy in a report on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.31.

FirstEnergy Price Performance

NYSE:FE traded up $0.47 during trading hours on Thursday, hitting $49.41. 752,467 shares of the stock traded hands, compared to its average volume of 4,979,379. The company has a quick ratio of 0.64, a current ratio of 0.75 and a debt-to-equity ratio of 1.80. FirstEnergy has a 1 year low of $37.58 and a 1 year high of $50.44. The stock has a 50 day moving average price of $46.16 and a 200 day moving average price of $45.49. The company has a market cap of $28.54 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 2.82 and a beta of 0.64.

FirstEnergy (NYSE:FE) last issued its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. FirstEnergy had a return on equity of 10.47% and a net margin of 6.76%.The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the business posted $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Sell-side analysts forecast that FirstEnergy will post 2.66 EPS for the current fiscal year.

Institutional Investors Weigh In On FirstEnergy

Institutional investors and hedge funds have recently modified their holdings of the business. State of Wyoming bought a new stake in FirstEnergy during the 2nd quarter valued at about $25,000. American National Bank & Trust grew its stake in FirstEnergy by 380.2% in the third quarter. American National Bank & Trust now owns 581 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 460 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in FirstEnergy during the third quarter worth $27,000. TruNorth Capital Management LLC lifted its holdings in FirstEnergy by 187.5% during the third quarter. TruNorth Capital Management LLC now owns 621 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 405 shares in the last quarter. Finally, Olistico Wealth LLC acquired a new position in shares of FirstEnergy during the 4th quarter worth about $31,000. 89.41% of the stock is owned by institutional investors.

Trending Headlines about FirstEnergy

Here are the key news stories impacting FirstEnergy this week:

• Positive Sentiment: Q4 results slightly beat expectations — FE reported $0.53 EPS vs. a $0.52 consensus and revenue of $3.80B (ahead of $3.20B consensus); company affirmed FY‑2026 core EPS guidance of $2.62–2.82, near Street estimates, which supports near‑term earnings visibility. PR News Release — 2025 Results & Guidance
• Positive Sentiment: Large capital program — management announced a $36 billion capital investment plan through 2030 aimed at grid upgrades and earnings growth, which investors view as supportive of longer‑term regulated rate base expansion and core earnings growth. Reuters — $36B Investment Plan
• Positive Sentiment: Local reliability improvements — new substations and line upgrades in Berks County, PA and Berkeley County, WV (Potomac Edison) reduce outages and support growth; these projects reinforce regulatory narratives about needed grid investment. PR News — Berks County Grid Upgrade PR News — Berkeley County Substation
• Neutral Sentiment: Earnings call and slide deck available — management provided detail on results, drivers of the capex plan and long‑term outlook; useful for modeling but largely reiterative of headline guidance. Seeking Alpha — Earnings Call Transcript
• Neutral Sentiment: PIPP RFP auction notice — FirstEnergy’s Ohio utilities are running an auction to procure service for PIPP customers; operational detail that affects procurement and short‑term supplier arrangements rather than core earnings. BusinessWire — PIPP RFP Auction
• Negative Sentiment: Rising regulatory/political risk — analysts highlight exposure to PJM capacity auctions and “price‑collar” mechanisms that could push higher customer bills or complicate recovery of grid investments, introducing execution and regulatory risk to the capex plan. TipRanks — PJM Political Risk

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.