FirstEnergy Corporation (NYSE:FE – Get Free Report) has received a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $52.2308.
FE has been the topic of several research analyst reports. UBS Group upped their target price on FirstEnergy from $50.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. TD Cowen raised FirstEnergy from a “hold” rating to a “buy” rating and dropped their price target for the company from $56.00 to $53.00 in a research note on Friday, May 15th. Barclays increased their price target on FirstEnergy from $50.00 to $53.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Weiss Ratings downgraded shares of FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 17th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $55.00 price objective on shares of FirstEnergy in a research note on Tuesday, April 21st.
Get Our Latest Stock Report on FE
FirstEnergy Price Performance
FirstEnergy (NYSE:FE – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, meeting analysts’ consensus estimates of $0.72. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the prior year, the firm posted $0.67 earnings per share. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. On average, analysts expect that FirstEnergy will post 2.74 earnings per share for the current year.
Institutional Investors Weigh In On FirstEnergy
Several hedge funds and other institutional investors have recently bought and sold shares of FE. Parallel Advisors LLC boosted its position in shares of FirstEnergy by 4.1% during the 4th quarter. Parallel Advisors LLC now owns 5,381 shares of the utilities provider’s stock worth $241,000 after purchasing an additional 213 shares in the last quarter. Simplicity Wealth LLC grew its stake in shares of FirstEnergy by 3.4% in the 1st quarter. Simplicity Wealth LLC now owns 6,839 shares of the utilities provider’s stock valued at $346,000 after buying an additional 223 shares during the period. Dorsey & Whitney Trust CO LLC increased its position in FirstEnergy by 5.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,677 shares of the utilities provider’s stock valued at $209,000 after buying an additional 223 shares in the last quarter. Pinnacle Bancorp Inc. increased its position in FirstEnergy by 44.4% in the 1st quarter. Pinnacle Bancorp Inc. now owns 754 shares of the utilities provider’s stock valued at $38,000 after buying an additional 232 shares in the last quarter. Finally, Signaturefd LLC increased its position in FirstEnergy by 4.8% in 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 in the last quarter. 89.41% of the stock is owned by institutional investors.
FirstEnergy Company Profile
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.
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