FirstEnergy (NYSE:FE) Issues Quarterly Earnings Results

FirstEnergy (NYSE:FE) announced its earnings results on Tuesday. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.08, FiscalAI reports. The business had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.24 billion. FirstEnergy had a net margin of 6.86% and a return on equity of 10.51%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.83 earnings per share.

FirstEnergy Price Performance

NYSE:FE opened at $46.43 on Thursday. FirstEnergy has a one year low of $42.67 and a one year high of $52.34. The stock has a market cap of $26.86 billion, a PE ratio of 24.69, a P/E/G ratio of 2.71 and a beta of 0.43. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.45 and a current ratio of 0.54. The stock has a 50 day moving average price of $45.43 and a 200 day moving average price of $47.48.

FirstEnergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 6th will be issued a $0.4650 dividend. This represents a $1.86 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, November 6th. FirstEnergy’s dividend payout ratio (DPR) is currently 98.94%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FE. BMO Capital Markets began coverage on shares of FirstEnergy in a research note on Monday. They issued an “outperform” rating and a $50.00 price target on the stock. Morgan Stanley boosted their price objective on FirstEnergy from $49.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. JPMorgan Chase & Co. cut their price objective on FirstEnergy from $52.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, October 19th. HSBC started coverage on FirstEnergy in a report on Thursday, October 22nd. They set a “buy” rating and a $50.00 target price for the company. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of FirstEnergy in a research report on Monday, September 14th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $50.77.

Key FirstEnergy News

Here are the key news stories impacting FirstEnergy this week:

• Positive Sentiment: Q3 results exceeded expectations. FirstEnergy reported GAAP earnings of $0.96 per share and Core Earnings of $0.98 per share, ahead of the $0.90 consensus estimate. Revenue rose 12.2% year over year to approximately $4.6 billion, while GAAP earnings increased from $0.76 to $0.96 per share. FirstEnergy third-quarter results
• Positive Sentiment: Management reaffirmed its outlook. FirstEnergy maintained its 2026 Core Earnings guidance of $2.62 to $2.82 per share and expects results at or slightly above the midpoint. It also reiterated a 6%–8% long-term Core Earnings growth target through 2030, supported by a $36 billion five-year capital plan. FirstEnergy Q3 guidance
• Positive Sentiment: Data-center and large-load demand supports future growth. FirstEnergy reported 7.9 gigawatts of contracted demand from large-load customers and is negotiating roughly 4 additional gigawatts. Stronger electricity demand, including from data centers, could support rate-base expansion and future earnings. FE demand growth report
• Positive Sentiment: Analyst coverage added a bullish signal. BMO Capital Markets initiated coverage with an “Outperform” rating and a $50 price target, implying additional upside from the referenced share price. BMO Capital Markets rating
• Positive Sentiment: FirstEnergy Transmission subsidiary Keystone Appalachian Transmission was selected for a federally funded project evaluating technologies intended to improve western Pennsylvania grid reliability and accommodate rising demand. Pennsylvania grid technology project
• Neutral Sentiment: The company’s large capital program and contracted-load pipeline strengthen its long-term growth profile, although utilities remain exposed to execution needs, financing costs and regulatory approvals.

FirstEnergy Company Profile

FirstEnergy Corp. (NYSE: FE) is an electric utility company focused on the transmission and distribution of electricity. Through its regulated utility subsidiaries, the company delivers power to residential, commercial and industrial customers and maintains the poles, lines, substations and other infrastructure that support electric service.

FirstEnergy’s distribution operations serve customers across parts of Ohio, Pennsylvania, New Jersey, West Virginia and Maryland. Its utility companies include Ohio Edison, The Illuminating Company, Toledo Edison, Jersey Central Power & Light, Met-Ed, Penelec, Penn Power, West Penn Power, Mon Power and The Potomac Edison Company.