FirstEnergy (NYSE:FE) Releases Earnings Results, Misses Expectations By $0.03 EPS

FirstEnergy (NYSE:FE) posted its quarterly earnings results on Wednesday. The utilities provider reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03), Zacks reports. FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.53 billion. FirstEnergy updated its FY 2025 guidance to 2.400-2.600 EPS.

FirstEnergy Trading Down 1.4 %

NYSE FE traded down $0.52 during mid-day trading on Friday, reaching $38.02. 3,582,497 shares of the stock were exchanged, compared to its average volume of 4,533,037. The stock has a market capitalization of $21.91 billion, a PE ratio of 24.52, a PEG ratio of 2.07 and a beta of 0.52. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.56. FirstEnergy has a 1-year low of $36.01 and a 1-year high of $44.97. The business’s fifty day simple moving average is $40.09 and its 200 day simple moving average is $41.77.

FirstEnergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 7th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend is Friday, February 7th. FirstEnergy’s dividend payout ratio is presently 109.68%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Morgan Stanley dropped their target price on shares of FirstEnergy from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Guggenheim dropped their price objective on FirstEnergy from $52.00 to $45.00 and set a “buy” rating for the company in a research note on Friday. Wolfe Research downgraded FirstEnergy from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 23rd. Seaport Res Ptn downgraded FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Scotiabank raised shares of FirstEnergy from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $45.00 to $50.00 in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, FirstEnergy presently has a consensus rating of “Hold” and an average target price of $46.17.

FirstEnergy Company Profile

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities.