<div id="readability-page-1"><p>FirstEnergy Corporation (NYSE:FE - Get Free Report) has received a consensus rating of &#34;Moderate Buy&#34; from the fourteen analysts that are presently  covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one  has issued  a strong buy recommendation on  the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $49.0833.</p><ul><li>Powering Profits: Utility Stocks That Shine in Volatility</li></ul><p>Several equities analysts have issued reports on FE shares. Jefferies Financial Group raised their price objective on FirstEnergy from $45.00 to $47.00 and gave the stock a &#34;hold&#34; rating in a report on Tuesday, October 21st. UBS Group raised their price target on FirstEnergy from $47.00 to $50.00 and gave the stock a &#34;neutral&#34; rating in a research note on Friday, October 24th. Barclays raised FirstEnergy from an &#34;equal weight&#34; rating to an &#34;overweight&#34; rating and lifted their price target for the stock from $43.00 to $49.00 in a research report on Monday, August 25th. KeyCorp downgraded FirstEnergy from an &#34;overweight&#34; rating to a &#34;sector weight&#34; rating in a report on Tuesday, October 14th. Finally, Mizuho raised their target price on shares of FirstEnergy from $45.00 to $50.00 and gave the stock a &#34;neutral&#34; rating in a research report on Friday, October 24th.</p><p><b>Read Our Latest Analysis on FirstEnergy</b></p><h2>FirstEnergy Price Performance</h2><ul><li>Are defensive sectors ready to outshine growth in 2024?</li></ul><p>Shares of NYSE FE opened at $47.69 on Friday. The stock's 50-day simple moving average is $46.27 and its 200-day simple moving average is $43.43. The firm has a market capitalization of $27.55 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 2.80 and a beta of 0.53. FirstEnergy has a fifty-two week low of $37.58 and a fifty-two week high of $48.20. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.51 and a current ratio of 0.75. </p><p>FirstEnergy (NYSE:FE - Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The utilities provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.07. FirstEnergy had a net margin of 9.19% and a return on equity of 11.15%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the previous year, the firm earned $0.85 EPS. The company's revenue was up 10.8% compared to the same quarter last year.  FirstEnergy has set its FY 2025 guidance at 2.500-2.560 EPS. As a group, equities research analysts forecast that  FirstEnergy will post 2.66 EPS for the current fiscal year. </p><h2>FirstEnergy Dividend Announcement</h2><p>The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be paid a $0.445 dividend. The ex-dividend date is Friday, November 7th. This represents a $1.78 dividend on an annualized basis and a yield of 3.7%. FirstEnergy's payout ratio is currently 77.73%. </p><h2>Institutional Investors Weigh In On FirstEnergy</h2><p>Hedge funds have recently made changes to their positions in the business. Brighton Jones LLC purchased a new position in shares of  FirstEnergy in the 4th quarter valued at approximately $256,000.  Cetera Investment Advisers grew its position in  FirstEnergy by 58.5% in the 1st quarter. Cetera Investment Advisers now owns 158,067 shares of the utilities provider's stock valued at $6,389,000 after buying an additional 58,338 shares during the last quarter.  Assetmark Inc. grew its position in  FirstEnergy by 1,025.7% in the 1st quarter. Assetmark Inc. now owns 17,527 shares of the utilities provider's stock valued at $708,000 after buying an additional 15,970 shares during the last quarter.  HB Wealth Management LLC increased its stake in  FirstEnergy by 8.8% in the 1st quarter. HB Wealth Management LLC now owns 10,377 shares of the utilities provider's stock valued at $419,000 after buying an additional 839 shares during the period.  Finally, LPL Financial LLC raised its position in  FirstEnergy by 94.6% during the 1st quarter. LPL Financial LLC now owns 555,611 shares of the utilities provider's stock worth $22,458,000 after buying an additional 270,033 shares during the last quarter. Institutional investors and hedge funds own  89.41% of the company's stock. </p><h2>About FirstEnergy</h2> (Get Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than FirstEnergy</li><li>Pros And Cons Of Monthly Dividend Stocks</li><li>Meta Platforms May Ditch NVIDIA Chips—Here’s Why Investors Care</li><li>How to start investing in penny stocks</li><li>SoFi Technologies: From Fintech Speculation to Profit Engine</li><li>Dividend Screener: How to Evaluate Dividend Stocks Before Buying</li><li>Gold to $5,000? What Bank of America and UBS Have to Say</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUZF?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUZF"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in FirstEnergy Right Now?</h2><p>Before you consider FirstEnergy, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FirstEnergy wasn't on the list.</p><p>While FirstEnergy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>FirstEnergy Corporation (NYSE:FE) has received a consensus "Moderate Buy" rating from 14 analysts. The average 1-year target price is $49.08. Analysts have varied ratings: 6 hold, 7 buy, and 1 strong buy. Recent price target updates include Jefferies at $47, UBS at $50, Barclays at $49, and Mizuho at $50. The stock opened at $47.69, with a market cap of $27.55 billion. FirstEnergy reported Q3 earnings of $0.83 per share, beating estimates. The company announced a quarterly dividend of $0.445, yielding 3.7% annually.</p>

FirstEnergy Corporation (NYSE:FE) Receives Consensus Rating of "Moderate Buy" from Analysts