FirstEnergy Corporation (NYSE:FE) Receives Average Rating of “Moderate Buy” from Brokerages

FirstEnergy Corporation (NYSE:FE) has earned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $51.6923.

FE has been the topic of several research analyst reports. Morgan Stanley reissued an “overweight” rating on shares of FirstEnergy in a research note on Wednesday, February 11th. Jefferies Financial Group raised their target price 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. JPMorgan Chase & Co. raised their target price on shares of FirstEnergy from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Mizuho set a $51.00 target price on shares of FirstEnergy in a research note on Thursday, February 19th. Finally, Scotiabank reissued an “outperform” rating on shares of FirstEnergy in a research note on Thursday, February 19th.

FirstEnergy Stock Down 1.3%

FE stock opened at $46.18 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 1.87. FirstEnergy has a fifty-two week low of $39.28 and a fifty-two week high of $52.34. The firm’s 50-day simple moving average is $48.35 and its 200 day simple moving average is $47.54. The stock has a market cap of $26.71 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 2.24 and a beta of 0.48.

FirstEnergy (NYSE:FE) last released its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 EPS for the quarter, meeting the consensus estimate of $0.72. The firm 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%. FirstEnergy’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the company earned $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, sell-side analysts predict that FirstEnergy will post 2.73 EPS for the current year.

Insider Transactions at FirstEnergy

In other news, CAO Jason Lisowski sold 3,000 shares of FirstEnergy stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $50.84, for a total value of $152,520.00. Following the transaction, the chief accounting officer owned 7,176 shares of the company’s stock, valued at $364,827.84. The trade was a 29.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James F. Oneil sold 7,945 shares of FirstEnergy stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $50.60, for a total transaction of $402,017.00. Following the completion of the transaction, the director directly owned 1,869 shares in the company, valued at $94,571.40. This represents a 80.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 39,118 shares of company stock valued at $1,989,532 in the last quarter. Insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On FirstEnergy

Hedge funds have recently made changes to their positions in the business. State of Wyoming acquired a new position in shares of FirstEnergy in the 2nd quarter worth approximately $25,000. Axiom Investment Management LLC acquired a new position in shares of FirstEnergy in the 1st quarter worth approximately $26,000. Olistico Wealth LLC acquired a new position in shares of FirstEnergy in the 4th quarter worth approximately $31,000. DV Equities LLC acquired a new position in shares of FirstEnergy in the 4th quarter worth approximately $33,000. Finally, Quest 10 Wealth Builders Inc. grew its stake in shares of FirstEnergy by 507.9% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 766 shares of the utilities provider’s stock worth $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.

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.