Morgan Stanley Raises FirstEnergy (FE) Price Target to $50

Morgan Stanley reaffirmed its Overweight rating on FirstEnergy Corp. (NYSE: FE) on October 21, 2026, while raising its price target on the utility provider to $50.00 from $49.00. The research note provides a fresh look at the electric company as shares hover below Wall Street expectations.

FE FirstEnergy Corp.

$45.72 ▲ +4.05% year to date

1M 3M YTD

Daily close · Oct 20, 2026

Morgan Stanley's Call on FirstEnergy Corp.

In its October 21 note, Morgan Stanley kept an Overweight rating on FirstEnergy and bumped up its target from $49.00 to $50.00. This follows earlier adjustments from the firm, including a target of $49.00 on September 18. Other Wall Street shops have also weighed in recently, with JP Morgan maintaining a Neutral rating and a $50.00 target on October 19, and Barclays holding an Overweight rating with a $49.00 target on October 12.

Other Institutional Activity in FirstEnergy Corp.

Large asset managers adjusted their holdings in FirstEnergy earlier in the year. Blackstone Inc kept its stake steady 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 $854.4 million. Allspring Global Investments Holdings, LLC grew its holdings by 884,514 shares, ending with 10,856,482 shares worth about $502.3 million.

FirstEnergy Corp. Stock Up 1.4%

FirstEnergy shares recently traded around $46.16, up about 1.4% from an event-day close of $45.51 on October 21, 2026. The stock sits below its consensus target mean price of $51.17, giving investors room between current levels and analyst expectations. Shares have traded between a 52-week low of $42.67 and a high of $52.34.

Recent Earnings

FirstEnergy generated trailing-twelve-month revenue of $15.64 billion with earnings of $1.87 per share. The company posted a net profit margin of 6.9% and a return on equity of 9.5%. Investors can look ahead to the next earnings report scheduled for October 27, 2026.

Dividend

FirstEnergy pays an annual dividend rate of $1.86 per share, giving the stock a dividend yield of 4.09%. The payout ratio stands at 96.3%.

Insider Buying and Selling at FirstEnergy Corp.

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

Analysts Set New Price Targets

Analyst coverage shows a generally positive sentiment across Wall Street. The stock carries a consensus buy recommendation from 12 analysts, with a high target of $56.00 and a low target of $47.00.

About FirstEnergy Corp.

Headquartered in Akron, Ohio, FirstEnergy operates regulated electric generation, transmission, and distribution facilities across parts of the United States. Its operations span coal-fired, nuclear, hydroelectric, wind, and solar power assets that serve millions of utility customers.

Bottom Line

Investors will watch toward FirstEnergy's upcoming earnings release on October 27, 2026, to see how utility operations support Morgan Stanley's newly raised $50.00 price target.