10 High Yield Utility Stocks to Buy in 2026

7. FirstEnergy Corp. (NYSE:FE) 

Dividend Yield as of January 27: 3.76%

Number of Hedge Fund Holders: 30

FirstEnergy Corp. (NYSE:FE)’s 10 electric distribution companies form one of America’s largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York.

On January 27, Wolfe Research upgraded FirstEnergy Corp. (NYSE:FE) from ‘Peer Perform’ to ‘Outperform’, while assigning the stock a price target of $50. According to the analyst, the incremental Federal Energy Regulatory Commission transmission capex upside pushes the utility’s rate base growth to 10%. Wolfe Research expects FE’s earnings growth to come in toward the top-end of 6-8%.

FirstEnergy Corp. (NYSE:FE) also received a boost earlier on January 21. Morgan Stanley raised its price target on the stock from $47 to $49, while maintaining an ‘Overweight’ rating on the shares. The revised target, which indicates an upside of over 3% from the current levels, comes as the analyst firm is updating the Regulated & Diversified Utilities / IPPs in North America under its coverage. The analyst also noted that the utilities sector fell by 3% in December 2025, underperforming the wider market.

With an annual dividend yield of 3.76% as of the writing of this piece, FirstEnergy Corp. (NYSE:FE) is included among the 14 Best Utility Dividend Stocks to Buy Now.