FirstEnergy (NYSE:FE) Issues Earnings Results

FirstEnergy (NYSE:FE) posted its quarterly earnings results on Wednesday. The utilities provider reported $0.67 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.03), Zacks reports. FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. The business had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.53 billion. FirstEnergy updated its FY 2025 guidance to 2.400-2.600 EPS.

FirstEnergy Stock Performance

Shares of FE traded down $0.52 during mid-day trading on Friday, hitting $38.02. 3,582,497 shares of the company’s stock were exchanged, compared to its average volume of 4,533,037. The business’s 50 day moving average is $40.09 and its two-hundred day moving average is $41.77. FirstEnergy has a fifty-two week low of $36.01 and a fifty-two week high of $44.97. The firm has a market capitalization of $21.91 billion, a P/E ratio of 24.52, a P/E/G ratio of 2.07 and a beta of 0.52. The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt-to-equity ratio of 1.58.

FirstEnergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 7th will be given a $0.425 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.70 annualized dividend and a yield of 4.47%. FirstEnergy’s dividend payout ratio (DPR) is 109.68%.

Wall Street Analyst Weigh In

FE has been the subject of several analyst reports. Wolfe Research cut shares of FirstEnergy from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 23rd. Seaport Res Ptn downgraded shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Guggenheim cut their price target on FirstEnergy from $52.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday. KeyCorp lowered their price objective on FirstEnergy from $48.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday, December 4th. Finally, Morgan Stanley cut their target price on FirstEnergy from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $46.17.

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.