FirstEnergy Corporation (NYSE:FE) Receives $52.23 Consensus Target Price from Brokerages

FirstEnergy Corporation (NYSE:FE) has received a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $52.75.

FE has been the subject of several analyst reports. New Street Research set a $52.00 price target on shares of FirstEnergy in a report on Tuesday, April 21st. Weiss Ratings downgraded shares of FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 17th. Jefferies Financial Group raised their target price on FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, April 21st. Morgan Stanley reaffirmed an “overweight” rating and set a $52.00 target price on shares of FirstEnergy in a research note on Wednesday, June 24th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $55.00 price target on shares of FirstEnergy in a research report on Tuesday, April 21st.

FirstEnergy Stock Performance

FirstEnergy stock opened at $48.53 on Monday. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.52 and a quick ratio of 0.42. FirstEnergy has a 12 month low of $40.50 and a 12 month high of $52.34. The company has a fifty day moving average price of $46.74 and a two-hundred day moving average price of $47.96. The company has a market cap of $28.07 billion, a PE ratio of 26.38, a P/E/G ratio of 2.35 and a beta of 0.47.

FirstEnergy (NYSE:FE) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72. The company had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $3.80 billion. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Research analysts expect that FirstEnergy will post 2.74 earnings per share for the current year.

Institutional Investors Weigh In On FirstEnergy

Institutional investors have recently bought and sold shares of the stock. State of Wyoming bought a new stake in FirstEnergy during the second quarter worth approximately $25,000. Axiom Investment Management LLC acquired a new stake in shares of FirstEnergy during the first quarter worth $26,000. Olistico Wealth LLC acquired a new stake in shares of FirstEnergy during the fourth quarter worth $31,000. DV Equities LLC purchased a new stake in shares of FirstEnergy during the fourth quarter valued at $33,000. Finally, Quest 10 Wealth Builders Inc. lifted its holdings in shares of FirstEnergy by 507.9% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 640 shares during the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

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.