Q4 2024 Earnings Forecast for FirstEnergy Corp. (NYSE:FE) Issued By Zacks Research

FirstEnergy Corp. (NYSE:FE) – Stock analysts at Zacks Research raised their Q4 2024 earnings estimates for shares of FirstEnergy in a note issued to investors on Tuesday, April 23rd. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings per share of $0.63 for the quarter, up from their previous forecast of $0.60. The consensus estimate for FirstEnergy’s current full-year earnings is $2.66 per share. Zacks Research also issued estimates for FirstEnergy’s Q2 2025 earnings at $0.68 EPS, Q3 2025 earnings at $0.89 EPS, Q1 2026 earnings at $0.81 EPS and FY2026 earnings at $3.08 EPS.

FirstEnergy (NYSE:FE) last issued its quarterly earnings data on Friday, February 9th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. FirstEnergy had a return on equity of 13.52% and a net margin of 8.56%. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the company posted $0.50 earnings per share. The business’s quarterly revenue was up .0% compared to the same quarter last year.

Other equities research analysts also recently issued reports about the company. KeyCorp increased their price objective on FirstEnergy from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. StockNews.com downgraded shares of FirstEnergy from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. Scotiabank dropped their price objective on shares of FirstEnergy from $41.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Monday. Bank of America increased their target price on shares of FirstEnergy from $30.00 to $35.00 and gave the stock an “underperform” rating in a research note on Tuesday. Finally, The Goldman Sachs Group assumed coverage on FirstEnergy in a research report on Wednesday, April 10th. They issued a “buy” rating and a $45.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $39.80.

FirstEnergy Trading Up 0.7 %

NYSE:FE opened at $38.58 on Wednesday. The company has a market capitalization of $22.20 billion, a PE ratio of 21.32 and a beta of 0.48. FirstEnergy has a 52-week low of $32.18 and a 52-week high of $41.15. The stock’s 50 day moving average price is $37.81 and its 200 day moving average price is $37.09. The company has a quick ratio of 0.38, a current ratio of 0.48 and a debt-to-equity ratio of 2.10.

FirstEnergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a $0.425 dividend. The ex-dividend date is Monday, May 6th. This represents a $1.70 dividend on an annualized basis and a yield of 4.41%. This is an increase from FirstEnergy’s previous quarterly dividend of $0.41. FirstEnergy’s dividend payout ratio (DPR) is 90.61%.

Institutional Trading of FirstEnergy

Several hedge funds and other institutional investors have recently made changes to their positions in FE. Capital World Investors raised its holdings in FirstEnergy by 38.2% during the fourth quarter. Capital World Investors now owns 68,155,129 shares of the utilities provider’s stock worth $2,498,567,000 after purchasing an additional 18,853,983 shares during the last quarter. FMR LLC raised its stake in shares of FirstEnergy by 31.1% during the 3rd quarter. FMR LLC now owns 15,827,860 shares of the utilities provider’s stock worth $540,996,000 after buying an additional 3,756,228 shares during the last quarter. Invesco Ltd. boosted its position in shares of FirstEnergy by 3.1% in the 3rd quarter. Invesco Ltd. now owns 13,573,719 shares of the utilities provider’s stock worth $463,950,000 after buying an additional 407,350 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in FirstEnergy by 0.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,930,826 shares of the utilities provider’s stock valued at $344,908,000 after acquiring an additional 82,482 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in FirstEnergy by 1.7% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,543,375 shares of the utilities provider’s stock valued at $189,473,000 after acquiring an additional 92,561 shares in the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Company Profile

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.