Scotiabank Predicts FirstEnergy’s FY2025 Earnings (NYSE:FE)

FirstEnergy Corp. (NYSE:FE) – Analysts at Scotiabank decreased their FY2025 earnings per share estimates for FirstEnergy in a research report issued on Wednesday, March 19th. Scotiabank analyst A. Weisel now expects that the utilities provider will earn $2.52 per share for the year, down from their prior forecast of $2.89. Scotiabank has a “Sector Outperform” rating and a $44.00 price objective on the stock. The consensus estimate for FirstEnergy’s current full-year earnings is $2.66 per share. Scotiabank also issued estimates for FirstEnergy’s FY2026 earnings at $2.70 EPS.

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley decreased their price target on shares of FirstEnergy from $52.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. Wells Fargo & Company lowered their price objective on FirstEnergy from $48.00 to $41.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. KeyCorp reduced their target price on shares of FirstEnergy from $48.00 to $47.00 and set an “overweight” rating on the stock in a report on Wednesday, December 4th. Wolfe Research cut shares of FirstEnergy from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 23rd. Finally, Guggenheim reduced their price objective on shares of FirstEnergy from $52.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $45.00.

FirstEnergy Trading Down 2.7 %

NYSE FE opened at $37.95 on Monday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.56. The firm has a market cap of $21.89 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 2.07 and a beta of 0.48. The firm has a 50 day simple moving average of $39.92 and a 200-day simple moving average of $41.22. FirstEnergy has a one year low of $36.81 and a one year high of $44.97.

FirstEnergy (NYSE:FE) last announced its earnings results on Wednesday, February 26th. The utilities provider reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.53 billion. FirstEnergy had a net margin of 6.64% and a return on equity of 11.38%.

FirstEnergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 7th will be given a dividend of $0.445 per share. The ex-dividend date is Wednesday, May 7th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 4.69%. This is a boost from FirstEnergy’s previous quarterly dividend of $0.43. FirstEnergy’s payout ratio is 104.71%.

Institutional Trading of FirstEnergy

A number of large investors have recently made changes to their positions in FE. Covestor Ltd boosted its holdings in shares of FirstEnergy by 69.3% in the fourth quarter. Covestor Ltd now owns 623 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 255 shares during the period. Kestra Investment Management LLC purchased a new stake in FirstEnergy in the 4th quarter valued at $26,000. Lee Danner & Bass Inc. purchased a new position in FirstEnergy during the 4th quarter worth $26,000. True Wealth Design LLC grew its position in FirstEnergy by 4,571.4% during the 3rd quarter. True Wealth Design LLC now owns 654 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 640 shares during the last quarter. Finally, WASHINGTON TRUST Co increased its stake in FirstEnergy by 293.0% in the fourth quarter. WASHINGTON TRUST Co now owns 786 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 586 shares during the period. 89.41% of the stock is owned by institutional investors and hedge funds.

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.