FirstEnergy (NYSE:FE) Issues Earnings Results

FirstEnergy (NYSE:FE) released its earnings results on Tuesday. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50, FiscalAI reports. FirstEnergy had a return on equity of 10.57% and a net margin of 6.86%.The company had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter in the previous year, the firm posted $0.52 EPS.

FirstEnergy Stock Down 0.5%

NYSE FE traded down $0.25 during trading hours on Thursday, hitting $48.88. The company had a trading volume of 2,409,248 shares, compared to its average volume of 4,755,474. FirstEnergy has a fifty-two week low of $41.87 and a fifty-two week high of $52.34. The firm’s 50 day moving average is $47.48 and its 200 day moving average is $48.22. 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 company has a market capitalization of $28.27 billion, a price-to-earnings ratio of 26.01, a P/E/G ratio of 2.38 and a beta of 0.47.

FirstEnergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be paid a $0.465 dividend. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, August 7th. FirstEnergy’s dividend payout ratio (DPR) is currently 101.09%.

Analysts Set New Price Targets

Several analysts recently commented on FE shares. Jefferies Financial Group raised their price objective on shares of FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, April 21st. UBS Group raised their price objective on shares of FirstEnergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Morgan Stanley reaffirmed an “overweight” rating on shares of FirstEnergy in a research note on Wednesday, July 22nd. Wells Fargo & Company reissued an “overweight” rating and issued a $55.00 price target on shares of FirstEnergy in a report on Tuesday, April 21st. Finally, Wolfe Research cut FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.92.

Institutional Trading of FirstEnergy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Compound Planning Inc. lifted its holdings in shares of FirstEnergy by 11.3% in the 4th quarter. Compound Planning Inc. now owns 5,058 shares of the utilities provider’s stock worth $226,000 after purchasing an additional 513 shares during the last quarter. Invesco Ltd. grew its position in FirstEnergy by 0.3% in the 4th quarter. Invesco Ltd. now owns 11,722,471 shares of the utilities provider’s stock valued at $524,815,000 after buying an additional 34,014 shares in the last quarter. Corient Private Wealth LLC increased its stake in FirstEnergy by 25.2% during the 4th quarter. Corient Private Wealth LLC now owns 55,152 shares of the utilities provider’s stock valued at $2,469,000 after buying an additional 11,097 shares during the period. Mercer Global Advisors Inc. ADV raised its position in shares of FirstEnergy by 50.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 56,807 shares of the utilities provider’s stock worth $2,543,000 after buying an additional 19,103 shares in the last quarter. Finally, Beacon Pointe Advisors LLC lifted its stake in shares of FirstEnergy by 31.6% in the 4th quarter. Beacon Pointe Advisors LLC now owns 7,730 shares of the utilities provider’s stock worth $346,000 after acquiring an additional 1,858 shares during the period. Institutional investors own 89.41% of the company’s stock.

FirstEnergy News Summary

Here are the key news stories impacting FirstEnergy this week:

• Positive Sentiment: Data-center demand is accelerating. Contracted and pipeline demand increased 30% from the first quarter to 6.4 gigawatts, while West Virginia demand rose 137% to 4.3 GW. The growth supports future transmission and distribution investments. FirstEnergy Reports Strong Second Quarter 2026 Results
• Positive Sentiment: Revenue exceeded expectations. FirstEnergy reported second-quarter revenue of approximately $3.7 billion, above the roughly $3.5 billion analyst consensus, helped by transmission growth, data-center demand and more efficient operations. EPS of $0.50 met the broader consensus and exceeded the $0.49 estimate cited by Zacks. FirstEnergy quarterly profit rises on data center demand
• Positive Sentiment: Management reaffirmed its outlook. FirstEnergy maintained 2026 core-earnings guidance of $2.62–$2.82 per share and expects core earnings growth near the upper end of its 6%–8% annual target through 2030. The company also reiterated its $36 billion Energize365 capital-investment program through 2030. FirstEnergy Q2 2026 Earnings Call Highlights
• Positive Sentiment: Technical and valuation coverage is supportive. Recent reports characterize FE as potentially undervalued and note that the stock reached a technical buy point, reinforcing investor interest after earnings. FirstEnergy hits buy point amid data center demand

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.