FY2025 EPS Estimates for FirstEnergy Boosted by Scotiabank

FirstEnergy Corporation (NYSE:FE) – Stock analysts at Scotiabank lifted their FY2025 earnings estimates for shares of FirstEnergy in a research note issued to investors on Friday, January 23rd. Scotiabank analyst A. Weisel now anticipates that the utilities provider will post earnings of $2.55 per share for the year, up from their previous estimate of $2.52. Scotiabank has a “Sector Outperform” rating and a $51.00 price objective on the stock. The consensus estimate for FirstEnergy’s current full-year earnings is $2.66 per share.

Several other research firms have also recently issued reports on FE. Weiss Ratings reiterated a “buy (b-)” rating on shares of FirstEnergy in a research report on Monday, December 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of FirstEnergy in a report on Wednesday, January 21st. Wells Fargo & Company reduced their target price on FirstEnergy from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Barclays lowered their price target on shares of FirstEnergy from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. Finally, UBS Group reduced their price objective on shares of FirstEnergy from $49.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, FirstEnergy has a consensus rating of “Moderate Buy” and a consensus price target of $48.85.

FirstEnergy Trading Up 1.6%

Shares of FirstEnergy stock opened at $47.50 on Monday. The company has a quick ratio of 0.64, a current ratio of 0.75 and a debt-to-equity ratio of 1.80. The firm has a market cap of $27.44 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 2.67 and a beta of 0.64. FirstEnergy has a 52-week low of $37.58 and a 52-week high of $48.20. The company’s 50-day simple moving average is $45.60 and its 200-day simple moving average is $44.79.

Institutional Trading of FirstEnergy

Several institutional investors and hedge funds have recently modified their holdings of the business. SageView Advisory Group LLC increased its stake in shares of FirstEnergy by 2.3% during the 2nd quarter. SageView Advisory Group LLC now owns 10,253 shares of the utilities provider’s stock worth $425,000 after purchasing an additional 233 shares in the last quarter. Signaturefd LLC grew its holdings in FirstEnergy by 4.8% during the 4th quarter. Signaturefd LLC now owns 5,181 shares of the utilities provider’s stock valued at $232,000 after buying an additional 235 shares during the last quarter. Independent Advisor Alliance increased its position in FirstEnergy by 1.0% during the third quarter. Independent Advisor Alliance now owns 23,225 shares of the utilities provider’s stock worth $1,064,000 after buying an additional 236 shares in the last quarter. CWM LLC increased its position in FirstEnergy by 2.0% during the second quarter. CWM LLC now owns 12,044 shares of the utilities provider’s stock worth $485,000 after buying an additional 240 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC raised its holdings in shares of FirstEnergy by 0.5% in the second quarter. Kohmann Bosshard Financial Services LLC now owns 48,454 shares of the utilities provider’s stock worth $1,951,000 after acquiring an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 89.41% of the company’s stock.

FirstEnergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 6th will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, February 6th. FirstEnergy’s dividend payout ratio (DPR) is 77.73%.

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.