FirstEnergy (NYSE:FE) Issues Quarterly Earnings Results

29 Apr 2026, 17:20 by Jessica Moore · The Cerbat Gem

FirstEnergy (NYSE:FE – Get Free Report) released its quarterly earnings data on Tuesday. The utilities provider reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72, FiscalAI reports. The company had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $3.95 billion. FirstEnergy had a net margin of 6.76% and a return on equity of 10.50%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the company earned $0.67 earnings per share. FirstEnergy updated its FY 2026 guidance to 2.620-2.820 EPS.

FirstEnergy Stock Up 0.3%

Shares of NYSE:FE opened at $49.60 on Wednesday. FirstEnergy has a 1-year low of $39.28 and a 1-year high of $52.34. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.57 and a quick ratio of 0.46. The stock has a market cap of $28.69 billion, a P/E ratio of 28.18, a P/E/G ratio of 2.37 and a beta of 0.60. The firm has a fifty day moving average price of $50.37 and a 200 day moving average price of $47.68.

FirstEnergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 7th will be given a $0.465 dividend. This is a positive change from FirstEnergy’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, May 7th. This represents a $1.86 annualized dividend and a yield of 3.8%. FirstEnergy’s payout ratio is currently 101.14%.

Insider Buying and Selling at FirstEnergy

In other FirstEnergy news, Director James F. Oneil sold 7,945 shares of FirstEnergy stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $50.60, for a total value of $402,017.00. Following the transaction, the director directly owned 1,869 shares in the company, valued at approximately $94,571.40. The trade was a 80.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jon Taylor K. sold 26,800 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $50.94, for a total transaction of $1,365,192.00. Following the sale, the chief financial officer owned 119,552 shares of the company’s stock, valued at $6,089,978.88. This trade represents a 18.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 39,118 shares of company stock worth $1,989,532. 0.14% of the stock is owned by company insiders.

Institutional Trading of FirstEnergy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new stake in shares of FirstEnergy during the fourth quarter worth approximately $256,000. Hilltop Holdings Inc. purchased a new stake in shares of FirstEnergy during the third quarter worth approximately $227,000. Laird Norton Wetherby Wealth Management LLC acquired a new stake in shares of FirstEnergy during the third quarter worth $216,000. Graham Capital Management L.P. purchased a new position in FirstEnergy in the 4th quarter valued at $214,000. Finally, Ausdal Financial Partners Inc. purchased a new position in FirstEnergy in the 3rd quarter valued at $214,000. 89.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Jefferies Financial Group increased their target price on shares of FirstEnergy from $50.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, April 21st. Weiss Ratings upgraded shares of FirstEnergy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $55.00 price objective on shares of FirstEnergy in a report on Tuesday, April 21st. Scotiabank reiterated an “outperform” rating on shares of FirstEnergy in a research report on Thursday, February 19th. Finally, JPMorgan Chase & Co. boosted their target price on FirstEnergy from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $51.92.

Check Out Our Latest Stock Report on FE

More FirstEnergy News

Here are the key news stories impacting FirstEnergy this week:

Positive Sentiment: Q1 results: Core EPS matched expectations at $0.72 and revenue came in above consensus (roughly $4.0B vs $3.95B), with year‑over‑year revenue growth of ~11.6%—a near-term earnings confirmation for investors. FirstEnergy Press Release
Positive Sentiment: Demand drivers: FirstQuarter profit rose ~12.5%, driven by higher regulated rates and stronger load from data centers—both structural positives for near‑term topline and rate base growth. FirstEnergy Reuters
Positive Sentiment: Management reaffirmed FY‑2026 core earnings guidance (range $2.62–$2.82) and reiterated a multi‑year capital plan (~$36B through 2030), signaling continued investment that supports regulated earnings growth. FirstEnergy PR Newswire
Neutral Sentiment: Guidance context: The FY‑2026 core EPS range overlaps consensus (~$2.73); the range gives upside and downside scenarios, so analysts will watch execution and regulatory outcomes. Guidance Details
Neutral Sentiment: Accounting note: GAAP EPS was $0.70 while reported Core (non‑GAAP) EPS was $0.72—small reconciling items that investors should monitor but that do not change the underlying operational message. GAAP vs Core
Neutral Sentiment: Investor interest: Coverage highlights focused on accelerated data‑center load growth ahead of earnings—a demand trend investors view positively but whose sustainability depends on contract/regulatory outcomes. Yahoo Finance
Neutral Sentiment: Community/PR: FirstEnergy Pennsylvania ran local Arbor Day/community programs—earnings drivers are regulatory and load trends, while community initiatives are reputational. Community PR

FirstEnergy Company Profile

(Get Free Report)

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.