FirstEnergy (NYSE:FE) Releases FY 2026 Earnings Guidance

FirstEnergy (NYSE:FE) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.620-2.820 for the period, compared to the consensus estimate of 2.650. The company issued revenue guidance of -.

FirstEnergy Trading Down 1.4%

Shares of FirstEnergy stock opened at $49.38 on Wednesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.64 and a current ratio of 0.75. The company has a market capitalization of $28.53 billion, a P/E ratio of 21.56, a PEG ratio of 2.86 and a beta of 0.64. FirstEnergy has a 1 year low of $37.58 and a 1 year high of $50.44. The company’s fifty day moving average is $46.06 and its two-hundred day moving average is $45.46.

FirstEnergy (NYSE:FE) last announced its earnings results on Tuesday, February 17th. The utilities provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. FirstEnergy had a net margin of 9.19% and a return on equity of 11.15%. The business had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the firm earned $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Analysts forecast that FirstEnergy will post 2.66 earnings per share for the current year.

FirstEnergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 7th will be issued a $0.465 dividend. The ex-dividend date of this dividend is Thursday, May 7th. This is an increase from FirstEnergy’s previous quarterly dividend of $0.45. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.8%. FirstEnergy’s dividend payout ratio is presently 77.73%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FE shares. UBS Group decreased their price target on FirstEnergy from $49.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Wolfe Research upgraded shares of FirstEnergy from a “peer perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research note on Tuesday, January 27th. Wells Fargo & Company lowered their target price on shares of FirstEnergy from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Scotiabank boosted their price target on shares of FirstEnergy from $49.00 to $51.00 and gave the stock a “sector outperform” rating in a research note on Friday, October 24th. Finally, Mizuho raised their price objective on shares of FirstEnergy from $45.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $48.85.

More FirstEnergy News

Here are the key news stories impacting FirstEnergy this week:

• Positive Sentiment: Company hit the top end of its revised 2025 guidance and affirmed 2026 outlook, signaling execution vs. management targets. FirstEnergy hits top end of 2025 earnings guidance, affirms 2026 outlook
• Positive Sentiment: Company reported full-year 2025 GAAP EPS of $1.77 and Core EPS of $2.55 (top of the revised range), which supports credibility of management guidance and payout capacity. FirstEnergy Announces 2025 Financial Results, Affirms 2026 Guidance…
• Positive Sentiment: FirstEnergy unveiled a $36 billion capital investment plan through 2030 intended to drive earnings and rate‑base growth over the medium term — a growth catalyst if projects win regulatory support and are executed on budget. FirstEnergy announces $36 billion investment plan after posting higher annual profit
• Positive Sentiment: Q4 results beat estimates: EPS $0.53 vs. consensus $0.52 and revenues $3.80B vs. $3.20B expected, showing stronger-than-expected top-line performance for the quarter. FirstEnergy (FE) Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Transmission/project approvals continue: a major central-Ohio transmission project involving FirstEnergy Transmission received PJM approval, supporting regulated growth opportunities. Transource Energy and FirstEnergy Transmission Joint Venture Receive Approval…
• Neutral Sentiment: Market technicals show improving momentum (RS rating climbed to 73), which may help sentiment but is not a fundamental driver. FirstEnergy sees RS rating climb to 73
• Neutral Sentiment: Company posted an RFP/auction notice for PIPP supply for its Ohio utilities — an operational procurement step that is routine but important for customer programs. FirstEnergy Ohio Utilities’ PIPP RFP Auction…
• Negative Sentiment: Quarterly EPS declined year‑over‑year (Q4 $0.53 vs. $0.67 a year ago), and while guidance sits near the top of management’s range, the combination of lower y/y earnings and a large capex program raises near‑term execution and financing concerns that may weigh on the stock. Earnings press release / slide deck

Hedge Funds Weigh In On FirstEnergy

A number of institutional investors and hedge funds have recently bought and sold shares of FE. State of Wyoming bought a new position in shares of FirstEnergy during the second quarter worth $25,000. DV Equities LLC bought a new stake in shares of FirstEnergy in the 4th quarter valued at $33,000. WFA of San Diego LLC acquired a new stake in FirstEnergy during the 2nd quarter worth $46,000. Headlands Technologies LLC acquired a new stake in FirstEnergy during the 2nd quarter worth $55,000. Finally, MUFG Securities EMEA plc bought a new position in FirstEnergy during the second quarter worth about $61,000. Institutional investors and hedge funds own 89.41% of the company’s stock.

About FirstEnergy

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.