FirstEnergy Corporation (NYSE:FE) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

FirstEnergy Corporation (NYSE:FE) has been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $50.77.

A number of equities analysts recently weighed in on the stock. BMO Capital Markets initiated coverage on FirstEnergy in a report on Monday. They set an “outperform” rating and a $50.00 target price for the company. Mizuho set a $47.00 price objective on shares of FirstEnergy in a report on Monday, October 12th. HSBC initiated coverage on shares of FirstEnergy in a research note on Thursday, October 22nd. They issued a “buy” rating and a $50.00 price target on the stock. Morgan Stanley boosted their price target on shares of FirstEnergy from $49.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Finally, New Street Research set a $47.00 target price on FirstEnergy in a research report on Tuesday, October 13th.

FirstEnergy Trading Up 0.3%

Shares of FE stock opened at $46.30 on Wednesday. FirstEnergy has a 1 year low of $42.67 and a 1 year high of $52.34. The firm’s 50 day moving average is $45.45 and its 200-day moving average is $47.47. The firm has a market capitalization of $26.79 billion, a price-to-earnings ratio of 24.63 and a beta of 0.43.

FirstEnergy (NYSE:FE) last announced its quarterly earnings data on Tuesday, October 27th. The utilities provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.08. The firm had revenue of $55.00 million during the quarter, compared to analyst estimates of $4.24 billion. FirstEnergy’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 earnings per share. On average, equities research analysts forecast that FirstEnergy will post 2.74 earnings per share for the current fiscal year.

FirstEnergy Dividend Announcement

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

Institutional Investors Weigh In On FirstEnergy

A number of institutional investors have recently modified their holdings of the business. Bryn Mawr Trust Advisors LLC bought a new position in shares of FirstEnergy in the second quarter worth about $9,878,000. Assenagon Asset Management S.A. boosted its stake in shares of FirstEnergy by 6,066.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 495,299 shares of the utilities provider’s stock valued at $23,547,000 after purchasing an additional 487,267 shares in the last quarter. Nykredit A S acquired a new stake in shares of FirstEnergy in the 2nd quarter valued at approximately $1,033,000. Engineers Gate Manager LP grew its holdings in shares of FirstEnergy by 612.9% during the 2nd quarter. Engineers Gate Manager LP now owns 93,410 shares of the utilities provider’s stock valued at $4,441,000 after purchasing an additional 80,308 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of FirstEnergy by 32.9% during the 2nd quarter. Hsbc Holdings PLC now owns 1,141,365 shares of the utilities provider’s stock valued at $54,332,000 after purchasing an additional 282,866 shares during the last quarter. Institutional investors own 89.41% of the company’s stock.

Key FirstEnergy News

Here are the key news stories impacting FirstEnergy this week:

• Positive Sentiment: Q3 earnings exceeded expectations. FirstEnergy reported third-quarter GAAP earnings of $0.96 per share and Core Earnings of $0.98 per share, above the $0.90 analyst consensus and up from $0.83 in the prior-year quarter. GAAP revenue increased to $4.6 billion from $4.1 billion. FirstEnergy Q3 earnings and revenues top estimates
• 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 reaffirmed expected Core Earnings compound annual growth near the upper end of its 6% to 8% target through 2030. FirstEnergy third-quarter results and long-term growth
• Positive Sentiment: Investment and large-load demand provide longer-term growth support. FirstEnergy has deployed $4.9 billion through the first nine months of 2026 under its Energize365 plan and is pursuing a five-year, $36 billion capital investment program. The company reported 7.9 gigawatts of contracted demand from large-load customers and is negotiating roughly 4 additional gigawatts, potentially benefiting future rate-base growth. FirstEnergy reports third-quarter GAAP earnings
• Positive Sentiment: BMO Capital Markets initiated coverage with an Outperform rating and a $50 price target. The target implies potential upside from the referenced share price, with the analyst citing earnings upside, multiple expansion, improving risk factors and data-center-driven electricity demand. FirstEnergy started Outperform at BMO
• Neutral Sentiment: FirstEnergy Foundation expanded housing and shelter support. The foundation announced $125,000 for seven organizations in West Virginia and Maryland, as part of $500,000 in support across five states. The initiative may strengthen community relations but is unlikely to materially affect near-term earnings. FirstEnergy Foundation shelter support

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.