HSBC Initiates FirstEnergy (FE) at Buy

HSBC started coverage on FirstEnergy Corp. FE on October 22, 2026, issuing a Buy rating alongside a $50 price target. The research note from HSBC highlights an optimistic view for the regulated electric utility provider as investors watch upcoming sector updates.

FE FirstEnergy Corp.

$45.72 ▲ +4.05% year to date

1M 3M YTD

Daily close · Oct 20, 2026

HSBC's Call on FirstEnergy

On October 22, 2026, HSBC initiated coverage on the utility company with a Buy rating and set a $50 price target.

Other Institutional Activity in FirstEnergy Corp.

Large money managers hold notable stakes in the utility provider. Blackstone Inc maintained its position, ending with 28,832,099 shares valued at about $1.33 billion. Boston Partners grew its holdings by 855,911 shares, ending with 18,467,247 shares worth about $854.39 million. Allspring Global Investments Holdings, LLC grew its holdings by 884,514 shares, ending with 10,856,482 shares worth about $502.28 million.

FirstEnergy Corp. Stock Up 1.4%

FirstEnergy shares recently traded around $46.16 as of October 22, 2026, closing that day at $46.26. The stock trades above its 50-day moving average of $45.52, while remaining below its 200-day moving average of $47.46.

Recent Earnings

FirstEnergy recorded trailing twelve-month revenues of $15.64 billion with earnings of $1.87 per share. The company's net profit margin stands at 6.9% with a return on equity of 9.5%. Its next earnings report is scheduled for October 27, 2026.

Dividend

FirstEnergy pays an annual dividend rate of $1.86 per share, yielding 4.09%. The payout ratio sits at 96.3% of earnings.

Insider Buying and Selling at FirstEnergy Corp.

Earlier in the year, several insiders completed transactions. Jason Lisowski sold 4,372 shares at an average price of $50.84 for a total value of $222,308 on March 6, 2026. K Jon Taylor sold 26,800 shares at $50.94 each, totaling $1,365,272 on March 10, 2026. James Francis O'Neil III sold 7,945 shares at $50.60 on March 11, 2026, totaling $402,041.

Analysts Set New Price Targets

Wall Street firms continue to update their views on the utility provider. Morgan Stanley maintained an Overweight rating on September 18, 2026, moving its target from $52 to $49. Barclays maintained an Overweight rating on October 12, 2026, moving its target from $54 to $49. JP Morgan maintained a Neutral rating on October 19, 2026, moving its target from $52 to $50. Morgan Stanley maintained an Overweight rating on October 21, 2026, moving its target from $49 to $50. Overall, the stock carries a consensus recommendation of buy with 12 analyst opinions contributing to a mean price target of $51.17.

About FirstEnergy Corp.

FirstEnergy Corp. operates as a regulated electric utility in the United States, managing generation, transmission, and distribution systems across several states. The company delivers electricity through distribution and transmission segments using a mix of traditional and renewable energy sources.

Bottom Line

Investors will look toward the upcoming earnings release on October 27, 2026, for further updates on utility operations and financial results.