FirstEnergy (NYSE:FE) Updates FY 2025 Earnings Guidance

FirstEnergy (NYSE:FE) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.400-2.600 for the period, compared to the consensus estimate of 2.890. The company issued revenue guidance of -.

FirstEnergy Stock Down 1.2 %

FirstEnergy stock traded down $0.51 during trading on Wednesday, reaching $42.99. 7,416,432 shares of the company’s stock were exchanged, compared to its average volume of 3,953,300. FirstEnergy has a 52-week low of $36.01 and a 52-week high of $44.97. The firm has a market cap of $24.78 billion, a price-to-earnings ratio of 27.74, 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. The company’s 50-day moving average is $40.02 and its two-hundred day moving average is $41.78.

FirstEnergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 7th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 3.95%. The ex-dividend date is Friday, February 7th. FirstEnergy’s dividend payout ratio (DPR) is presently 109.68%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FE. Wolfe Research cut FirstEnergy from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 23rd. KeyCorp cut their price objective on FirstEnergy from $48.00 to $47.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 4th. Seaport Res Ptn downgraded FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Scotiabank raised shares of FirstEnergy from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $45.00 to $50.00 in a report on Thursday, December 12th. Finally, Morgan Stanley reduced their price target on shares of FirstEnergy from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $46.27.

About FirstEnergy

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.