FirstEnergy (NYSE:FE) Stock Price Expected to Rise, Mizuho Analyst Says

FirstEnergy (NYSE:FE) had its price objective upped by Mizuho from $45.00 to $50.00 in a report issued on Friday, MarketBeat.com reports. The firm currently has a “neutral” rating on the utilities provider’s stock. Mizuho’s price objective points to a potential upside of 6.84% from the company’s previous close.

Several other analysts have also weighed in on FE. Weiss Ratings reaffirmed a “buy (b)” rating on shares of FirstEnergy in a report on Wednesday, October 8th. Citigroup assumed coverage on shares of FirstEnergy in a report on Tuesday, October 7th. They set a “buy” rating and a $53.00 price objective for the company. Scotiabank reaffirmed an “outperform” rating on shares of FirstEnergy in a report on Wednesday, October 8th. Barclays raised shares of FirstEnergy from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $43.00 to $49.00 in a report on Monday, August 25th. Finally, Jefferies Financial Group raised their price target on shares of FirstEnergy from $45.00 to $47.00 and gave the company a “hold” rating in a report on Tuesday. Seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $48.25.

FirstEnergy Stock Up 0.6%

Shares of FE opened at $46.80 on Friday. The stock has a market cap of $27.02 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 3.15 and a beta of 0.52. The company has a 50-day moving average price of $44.80 and a two-hundred day moving average price of $42.64. The company has a quick ratio of 0.51, a current ratio of 0.61 and a debt-to-equity ratio of 1.68. FirstEnergy has a 12 month low of $37.58 and a 12 month high of $48.20.

FirstEnergy (NYSE:FE) last posted its quarterly earnings data on Wednesday, October 22nd. The utilities provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.07. The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $3.94 billion. FirstEnergy had a net margin of 9.19% and a return on equity of 11.20%. The company’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business posted $0.85 earnings per share. FirstEnergy has set its FY 2025 guidance at 2.500-2.560 EPS. Equities analysts predict that FirstEnergy will post 2.66 EPS for the current fiscal year.

Institutional Trading of FirstEnergy

Institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. grew its holdings in FirstEnergy by 14.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 71,333 shares of the utilities provider’s stock worth $2,883,000 after acquiring an additional 8,879 shares during the period. Oppenheimer & Co. Inc. grew its holdings in FirstEnergy by 9.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 17,759 shares of the utilities provider’s stock worth $718,000 after acquiring an additional 1,464 shares during the period. Brighton Jones LLC acquired a new stake in FirstEnergy during the 4th quarter worth $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in FirstEnergy by 0.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,664,698 shares of the utilities provider’s stock worth $107,707,000 after acquiring an additional 21,177 shares during the period. Finally, Vontobel Holding Ltd. boosted its position in shares of FirstEnergy by 29.7% during the first quarter. Vontobel Holding Ltd. now owns 7,684 shares of the utilities provider’s stock worth $311,000 after purchasing an additional 1,760 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.