KeyCorp Comments on FirstEnergy’s Q2 Earnings (NYSE:FE)

FirstEnergy Corporation (NYSE:FE) – Stock analysts at KeyCorp issued their Q2 2026 earnings per share estimates for shares of FirstEnergy in a research note issued on Wednesday, July 22nd. KeyCorp analyst S. Karp forecasts that the utilities provider will earn $0.47 per share for the quarter. The consensus estimate for FirstEnergy’s current full-year earnings is $2.74 per share. KeyCorp also issued estimates for FirstEnergy’s Q3 2026 earnings at $0.98 EPS, Q4 2026 earnings at $0.56 EPS, FY2026 earnings at $2.72 EPS, FY2028 earnings at $3.17 EPS, FY2029 earnings at $3.37 EPS and FY2030 earnings at $3.59 EPS.

FirstEnergy (NYSE:FE) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. FirstEnergy had a return on equity of 10.66% and a net margin of 6.86%.The business had revenue of $4.20 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same quarter last year, the company earned $0.67 EPS. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS.

FE has been the subject of a number of other research reports. Barclays boosted their target price on FirstEnergy from $53.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday. Wells Fargo & Company reiterated an “overweight” rating and issued a $55.00 price target on shares of FirstEnergy in a research note on Tuesday, April 21st. Wolfe Research cut shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. UBS Group increased their price objective on shares of FirstEnergy from $50.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. Finally, TD Cowen upgraded shares of FirstEnergy from a “hold” rating to a “buy” rating and dropped their target price for the stock from $56.00 to $53.00 in a report on Friday, May 15th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.92.

FirstEnergy Trading Up 0.3%

FirstEnergy stock opened at $49.48 on Friday. 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 one year low of $41.17 and a one year high of $52.34. The stock has a market capitalization of $28.62 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 2.36 and a beta of 0.47. The business’s fifty day moving average is $47.09 and its 200 day moving average is $48.09.

FirstEnergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be given a dividend of $0.465 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.86 annualized dividend and a dividend yield of 3.8%. FirstEnergy’s dividend payout ratio is presently 101.09%.

Hedge Funds Weigh In On FirstEnergy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State of Wyoming bought a new position in FirstEnergy in the second quarter worth approximately $25,000. Axiom Investment Management LLC bought a new stake in shares of FirstEnergy during the 1st quarter valued at $26,000. Olistico Wealth LLC bought a new position in FirstEnergy in the 4th quarter worth $31,000. DV Equities LLC bought a new position in FirstEnergy in the 4th quarter worth $33,000. Finally, Quest 10 Wealth Builders Inc. lifted its position in 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 in the last quarter. Hedge funds and other institutional investors 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.