Q4 EPS Estimates for FirstEnergy Reduced by Zacks Research

FirstEnergy Corp. (NYSE:FE) – Analysts at Zacks Research dropped their Q4 2024 earnings per share estimates for FirstEnergy in a research note issued to investors on Monday, October 28th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings of $0.70 per share for the quarter, down from their previous estimate of $0.71. The consensus estimate for FirstEnergy’s current full-year earnings is $2.70 per share. Zacks Research also issued estimates for FirstEnergy’s Q3 2025 earnings at $0.93 EPS and Q4 2025 earnings at $0.75 EPS.

A number of other equities analysts also recently commented on FE. Argus upgraded FirstEnergy from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Friday, September 20th. Morgan Stanley upped their price target on FirstEnergy from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Barclays upped their price target on FirstEnergy from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Scotiabank upped their price target on FirstEnergy from $40.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Finally, Bank of America upped their price target on FirstEnergy from $42.00 to $43.00 and gave the stock an “underperform” rating in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $46.00.

FirstEnergy Price Performance

Shares of FirstEnergy stock opened at $41.82 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.52. The company has a market cap of $24.09 billion, a PE ratio of 26.98, a P/E/G ratio of 2.28 and a beta of 0.50. The business has a 50 day moving average of $43.65 and a 200 day moving average of $41.05. FirstEnergy has a 52 week low of $34.92 and a 52 week high of $44.97.

FirstEnergy (NYSE:FE) last announced its earnings results on Tuesday, October 29th. The utilities provider reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.06). The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.96 billion. FirstEnergy had a net margin of 6.61% and a return on equity of 12.12%. FirstEnergy’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.88 EPS.

FirstEnergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 7th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.70 annualized dividend and a dividend yield of 4.07%. FirstEnergy’s dividend payout ratio (DPR) is presently 109.68%.

Institutional Investors Weigh In On FirstEnergy

Institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. lifted its holdings in FirstEnergy by 5.2% in the third quarter. Principal Financial Group Inc. now owns 617,768 shares of the utilities provider’s stock valued at $27,398,000 after acquiring an additional 30,769 shares during the period. Centennial Wealth Advisory LLC lifted its holdings in FirstEnergy by 5.0% in the third quarter. Centennial Wealth Advisory LLC now owns 7,513 shares of the utilities provider’s stock valued at $333,000 after acquiring an additional 358 shares during the period. Harvest Portfolios Group Inc. lifted its holdings in FirstEnergy by 1.7% in the third quarter. Harvest Portfolios Group Inc. now owns 130,764 shares of the utilities provider’s stock valued at $5,799,000 after acquiring an additional 2,227 shares during the period. QRG Capital Management Inc. lifted its holdings in FirstEnergy by 11.8% in the third quarter. QRG Capital Management Inc. now owns 12,728 shares of the utilities provider’s stock valued at $564,000 after acquiring an additional 1,346 shares during the period. Finally, Asset Management One Co. Ltd. lifted its holdings in FirstEnergy by 1.1% in the third quarter. Asset Management One Co. Ltd. now owns 292,384 shares of the utilities provider’s stock valued at $12,967,000 after acquiring an additional 3,211 shares during the period. 89.41% of the stock is owned by hedge funds and other institutional investors.

About FirstEnergy

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities.