FirstEnergy (NYSE:FE) Updates FY 2026 Earnings Guidance

FirstEnergy (NYSE:FE) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.620-2.820 for the period, compared to the consensus estimate of 2.730. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Scotiabank reiterated an “outperform” rating on shares of FirstEnergy in a report on Thursday, February 19th. Wells Fargo & Company restated an “overweight” rating and set a $55.00 price target on shares of FirstEnergy in a research note on Tuesday, April 21st. JPMorgan Chase & Co. raised their price target on FirstEnergy from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Mizuho set a $51.00 price target on FirstEnergy in a research note on Thursday, February 19th. Finally, Barclays raised their price target on FirstEnergy from $50.00 to $53.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, FirstEnergy has a consensus rating of “Moderate Buy” and an average target price of $52.08.

FirstEnergy Stock Performance

NYSE FE opened at $47.69 on Wednesday. The company has a market cap of $27.58 billion, a P/E ratio of 25.92, a P/E/G ratio of 2.27 and a beta of 0.47. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.52 and a quick ratio of 0.42. The stock has a 50-day moving average of $47.36 and a two-hundred day moving average of $47.52. FirstEnergy has a 1-year low of $39.28 and a 1-year high of $52.34.

FirstEnergy (NYSE:FE) last released its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, meeting the consensus estimate of $0.72. The company had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $3.80 billion. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.FirstEnergy’s revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, analysts anticipate that FirstEnergy will post 2.73 EPS for the current year.

Institutional Trading of FirstEnergy

A number of large investors have recently made changes to their positions in the company. BROOKFIELD Corp ON purchased a new stake in FirstEnergy in the fourth quarter valued at approximately $110,332,000. Boston Partners raised its stake in shares of FirstEnergy by 13.5% during the third quarter. Boston Partners now owns 18,344,403 shares of the utilities provider’s stock worth $841,161,000 after purchasing an additional 2,185,400 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of FirstEnergy by 56.0% during the fourth quarter. Victory Capital Management Inc. now owns 5,506,251 shares of the utilities provider’s stock worth $246,515,000 after purchasing an additional 1,977,504 shares during the last quarter. Marshall Wace LLP raised its stake in shares of FirstEnergy by 128.5% during the third quarter. Marshall Wace LLP now owns 3,275,409 shares of the utilities provider’s stock worth $150,079,000 after purchasing an additional 1,841,946 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in shares of FirstEnergy by 5,885.7% during the third quarter. Balyasny Asset Management L.P. now owns 1,251,001 shares of the utilities provider’s stock worth $57,321,000 after purchasing an additional 1,230,101 shares during the last quarter. 89.41% of the stock is currently owned by hedge funds and other institutional investors.

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.