KeyCorp Issues Pessimistic Forecast for FirstEnergy Earnings

FirstEnergy Corporation (NYSE:FE) – Equities researchers at KeyCorp decreased their Q3 2026 earnings estimates for FirstEnergy in a report released on Monday, October 12th. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings per share of $0.91 for the quarter, down from their previous forecast of $0.98. The consensus estimate for FirstEnergy’s current full-year earnings is $2.74 per share. KeyCorp also issued estimates for FirstEnergy’s Q4 2026 earnings at $0.61 EPS, FY2027 earnings at $2.92 EPS and FY2030 earnings at $3.55 EPS.

FirstEnergy (NYSE:FE) last posted its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.51 billion. FirstEnergy had a net margin of 6.86% and a return on equity of 10.51%. During the same quarter last year, the firm posted $0.52 earnings per share.

Other equities research analysts have also issued reports about the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FirstEnergy in a report on Monday, September 14th. Wall Street Zen upgraded shares of FirstEnergy from a “sell” rating to a “hold” rating in a report on Saturday, September 19th. Morgan Stanley cut their price objective on shares of FirstEnergy from $52.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, September 18th. New Street Research set a $47.00 price objective on shares of FirstEnergy in a research report on Tuesday. Finally, Mizuho set a $47.00 price objective on shares of FirstEnergy in a research report on Monday. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, FirstEnergy currently has a consensus rating of “Moderate Buy” and an average price target of $51.27.

FirstEnergy Price Performance

Shares of FE stock opened at $45.24 on Wednesday. The company has a market capitalization of $26.18 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 2.62 and a beta of 0.43. The firm has a fifty day simple moving average of $45.71 and a 200-day simple moving average of $47.16. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.88. FirstEnergy has a twelve month low of $42.67 and a twelve month high of $52.34.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Affinity Capital Advisors LLC bought a new stake in shares of FirstEnergy in the 3rd quarter worth about $231,000. NorthCrest Asset Manangement LLC acquired a new stake in shares of FirstEnergy in the 3rd quarter valued at about $359,000. GK Wealth Management LLC acquired a new stake in shares of FirstEnergy in the 3rd quarter valued at about $41,000. Wedmont Private Capital lifted its position in shares of FirstEnergy by 17.7% during the third quarter. Wedmont Private Capital now owns 9,441 shares of the utilities provider’s stock worth $423,000 after purchasing an additional 1,423 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of FirstEnergy by 9.4% during the third quarter. GAMMA Investing LLC now owns 18,430 shares of the utilities provider’s stock worth $799,000 after purchasing an additional 1,579 shares during the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.

FirstEnergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 6th will be issued a dividend of $0.4650 per share. This represents a $1.86 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, November 6th. FirstEnergy’s dividend payout ratio (DPR) is currently 98.94%.

About FirstEnergy

FirstEnergy Corp. is an electric utility holding company focused primarily on regulated electricity transmission and distribution. Through its operating companies, the company delivers electricity to residential, commercial and industrial customers and maintains the infrastructure needed to support reliable service.

FirstEnergy’s utility subsidiaries include Ohio Edison, The Illuminating Company and Toledo Edison in Ohio; Met-Ed, Penelec, Penn Power and West Penn Power in Pennsylvania; Jersey Central Power & Light in New Jersey; and Mon Power and Potomac Edison in West Virginia and Maryland.