Citigroup has initiated coverage on FirstEnergy Corp (FE) with a Buy rating, marking the firm's first assessment of the company. This decision underscores Citigroup's confidence in FirstEnergy's business model and growth potential within the utility sector.
Headquartered in Akron, Ohio, FirstEnergy Corp engages in the generation, transmission, and distribution of electricity, alongside energy management services. The company operates through various segments, including its Distribution Segment, which serves customers in Ohio and Pennsylvania, and its Integrated Segment, which includes operations in New Jersey, West Virginia, and Maryland. As of now, FirstEnergy boasts a market capitalization of $26.8 billion and a P/E ratio of 20.18, with an impressive dividend yield of 384.9%.
Upcoming earnings reports are scheduled for July 28, 2026, with an expected EPS of $0.66 and revenue of $4.0 billion, and April 21, 2026, with an estimated EPS of $0.69 and revenue of $3.9 billion. Recent earnings performance has shown positive surprises, including a Q3 2025 EPS of $0.83 compared to an estimate of $0.80, reflecting a 4.3% surprise.
Analyst ratings, such as Citigroup's, provide insights based on extensive research and analysis. However, they are subject to change as new information emerges. Investors are encouraged to consider various factors, including company fundamentals and industry trends, when making decisions. As of November 1, 2025, the consensus among analysts remains a Buy, with 5 Strong Buy, 10 Buy, and 10 Hold ratings among 25 total analysts.