BMO Capital Initiates FirstEnergy (FE) at Outperform

By TradeTexts Research Desk Oct 26, 2026, 8:15 AM EDT

Key Points

BMO Capital has set a price target of $50 for FirstEnergy Corp., which is about 8.7% higher than the recent trading price of $46.15.
BMO Capital's $50 price target implies 8.34% upside from FirstEnergy Corp.'s ($FE) current $46.15 share price.
The stock is currently trading below its 50-day moving average of $45.50 and is about 11.8% lower than its 52-week high of $52.34.
FirstEnergy has a market cap of approximately $26.7 billion and is scheduled to report its next earnings on October 27, 2026.

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On October 26, 2026, BMO Capital reiterated its Outperform rating on FirstEnergy Corp. (FE) and set a price target of $50. This announcement came in a research note, confirming the firm's positive outlook for the company based on its recent performance.

BMO Capital's target of $50 suggests an upside of about 8.7% from the recent trading price of $46.15, as of October 26, 2026. The stock closed at $46.15 on October 23, 2026. Currently, FirstEnergy shares are trading below their 50-day moving average of $45.50 and are approximately 11.8% below their 52-week high of $52.34.

FE FirstEnergy Corp.

$46.15 +5.03% year to date

Daily close · Oct 23, 2026

Analyst rating track record

BMO Capital vs. the S&P 500

YTD return +1.61% hypothetical

All-time return +1.61% S&P 500 -0.23%

vs. S&P 500 +1.84% ahead of the index

Hypothetical returns from BMO Capital's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in FirstEnergy Corp.

Several other institutional investors have also adjusted their positions in FirstEnergy. Boston Partners increased its holdings by 855,911 shares, bringing its total to 18,467,247 shares worth about $852.3 million. Allspring Global Investments added 884,514 shares, ending with 10,856,482 shares valued at approximately $501 million. Meanwhile, Blackstone Inc. maintained its position with 28,832,099 shares worth about $1.33 billion.

FirstEnergy Corp. Stock Down 0.7%

FirstEnergy Corp. has a market capitalization of around $26.7 billion. As of October 26, 2026, the stock trades near its 52-week low of $42.67, with a price-to-earnings (P/E) ratio of 24.68. The shares are currently about 8.2% above their 52-week low, indicating some stability in a fluctuating market.

12-month forecast

$FE price target

FirstEnergy Corp. daily closes and this analyst's $50 target. Not advice.

Recent Earnings

FirstEnergy reported trailing twelve-month revenue of approximately $15.64 billion with a net margin of 6.9%. The company also has a return on equity of 9.5%. Its next earnings report is scheduled for October 27, 2026, which will provide further insights into its financial performance and market position.

Insider Buying and Selling at FirstEnergy Corp.

Insider selling has occurred at FirstEnergy, with several officers divesting shares earlier this year. Jason Lisowski sold 4,372 shares at an average price of $50.84 on March 6, 2026, totaling about $222,308. K Jon Taylor sold 26,800 shares for $1.37 million on March 10, 2026, and James Francis O'Neil III sold 7,945 shares for approximately $402,041 on March 11, 2026. These transactions were not part of a planned selling strategy.

Analysts Set New Price Targets

On October 12, 2026, Barclays maintained an Overweight rating on FirstEnergy with a price target of $49.00, which is lower than its previous target of $54.00. JP Morgan also maintained its Neutral rating with a target of $50.00, down from $52.00. Morgan Stanley kept its Overweight rating and raised its target to $50.00. On October 22, 2026, HSBC initiated coverage with a Buy rating and a target of $50.00.

About FirstEnergy Corp.

FirstEnergy Corp. operates in the utilities sector, focusing on the generation, distribution, and transmission of electricity. The company owns various power generation facilities, including coal, nuclear, hydroelectric, wind, and solar. This diverse energy portfolio positions FirstEnergy well within the regulated electric utilities industry.

Bottom Line

Investors should keep an eye on FirstEnergy's upcoming earnings report on October 27, 2026, as it could provide further insights into the company's performance. BMO Capital's reiterated rating signals confidence in FirstEnergy's outlook, especially with a target price that suggests potential growth from current levels.