Barclays Cuts FirstEnergy (FE) Price Target to $49

Barclays has reiterated its Overweight rating on FirstEnergy Corp., adjusting its price target to $49 from $54, a 6.23% upside from the current price.

By TradeTexts Research Desk · Published Oct 16, 2026, 2:17 PM EDT

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Barclays cut its price target on FirstEnergy Corp. ($FE) to $49 from $54 on October 12, 2026, and rates the stock "Overweight".

Since the rating, $FE is up 1.8% to date (from the $45.36 close on Oct 12, 2026).

FE FirstEnergy Corp.

$46.19 +5.12% year to date

Daily close · Oct 16, 2026

Key Points

On October 12, 2026, Barclays reiterated its Overweight rating on FirstEnergy Corp. (NYSE: FE) with a new price target of $49, down from $54.
Barclays's $49 price target implies 6.23% upside from FirstEnergy Corp.'s ($FE) current $46.12 share price.
Shares of FirstEnergy recently traded around $46.12, which is about 5.9% below Barclays' new price target.
FirstEnergy is set to report its next earnings on October 21, 2026, with trailing revenue of $15.6 billion and a net margin of 6.9%.

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Barclays has reiterated its Overweight rating on FirstEnergy Corp. (NYSE: FE) on October 12, 2026, lowering its price target to $49 from $54. The firm continues to view the stock positively despite the target adjustment.

Other Institutional Activity in FirstEnergy

Capital World Investors holds 77,819,842 shares of FirstEnergy, worth about $3.59 billion, after increasing its position by 155,329 shares. BlackRock Inc. owns 49,761,796 shares valued at approximately $2.30 billion, having added 720,901 shares. Vanguard Capital Management LLC increased its stake by 159,746 shares to 34,887,224 shares, worth around $1.61 billion. State Street Corporation slightly reduced its holdings by 20,315 shares, ending with 40,609,713 shares valued at about $1.88 billion. Blackstone Inc. maintained its position, holding 28,832,099 shares worth approximately $1.33 billion.

FirstEnergy Corp. Stock Up 1.9%

FirstEnergy shares recently traded around $46.12, which places them about 5.9% below Barclays' new price target of $49. This adjustment comes as the stock has been navigating recent market conditions, with the company's performance metrics showing a revenue growth of 8.8% year-over-year.

12-month forecast

$FE price target

FirstEnergy Corp. daily closes and this analyst's $49 target. Not advice.

Recent Earnings

FirstEnergy reported trailing revenue of $15.64 billion and an earnings per share (EPS) of $1.87. The company's net margin stands at 6.9%, and it has a return on equity of 9.5%. The next earnings report is scheduled for October 21, 2026.

Insider Buying and Selling at FirstEnergy Corp.

Several insiders sold shares earlier this year. Jason Lisowski, an officer, sold 4,372 shares on March 6, 2026, at an average price of $50.84, totaling around $222,308. K Jon Taylor, another officer, sold 26,800 shares on March 10, 2026, for about $1.37 million at an average price of $50.94. Director James Francis O'Neil III sold 7,945 shares on March 11, 2026, at an average price of $50.60, amounting to approximately $402,041.

Analysts Set New Price Targets

On October 12, 2026, Barclays reiterated its Overweight rating on FirstEnergy with a revised price target of $49, down from $54. This follows a series of ratings by Barclays and other firms, including Morgan Stanley, which maintained an Overweight rating with a target of $49 on September 18, 2026. The consensus among analysts suggests a favorable outlook for FirstEnergy, with ongoing adjustments to price targets reflecting market conditions.

About FirstEnergy

FirstEnergy Corp. is involved in generating, distributing, and transmitting electricity across the United States. The company operates through various segments, including Distribution, Integrated, and Stand-Alone Transmission, and owns a diverse range of power facilities, from coal to renewable sources.

Bottom Line

Investors should keep an eye on FirstEnergy's upcoming earnings report on October 21, 2026, as further insights into the company's performance may affect analyst ratings and stock movement. Barclays' recent rating adjustment reflects ongoing evaluations in the utilities sector.