FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution and Regulated Transmission segments. It operates 24,035 circuit miles of overhead and underground transmission lines; and electric distribution systems, including 272,531 miles of overhead pole line and underground conduit carrying primary, secondary, and street lighting circuits, as well as owns substations with a total installed transformer capacity of approximately 155,920,348 kilovolt-amperes. The company serves approximately 6 million customers in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. FirstEnergy Corp. was incorporated in 1996 and is headquartered in Akron, Ohio.
IPO Year:
Exchange: NYSE
Website: firstenergycorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/23/2025 | Outperform → Peer Perform | Wolfe Research | |
| 12/12/2024 | $50.00 | Sector Perform → Sector Outperform | Scotiabank |
| 10/31/2024 | Buy → Neutral | Seaport Research Partners | |
| 10/14/2024 | $46.00 | Hold | Jefferies |
| 9/20/2024 | $50.00 | Hold → Buy | Argus |
| 4/10/2024 | $45.00 | Buy | Goldman |
| 8/23/2023 | $37.00 | Equal Weight | Barclays |
| 8/7/2023 | $45.00 → $40.00 | Buy → Neutral | UBS |
| 1/23/2023 | $34.00 → $46.00 | Neutral → Buy | Guggenheim |
| 1/23/2023 | $41.00 → $38.00 | Neutral → Underperform | BofA Securities |
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4 - FIRSTENERGY CORP (0001031296) (Issuer)
4 - FIRSTENERGY CORP (0001031296) (Issuer)
AKRON, Ohio, Jan. 29, 2025 /PRNewswire/ -- The Illuminating Company, a subsidiary of FirstEnergy Corp. (NYSE:FE), is constructing a new neighborhood power line that will help enhance electric service reliability for hundreds of customers in Lorain County, particularly during severe weather. A video of FirstEnergy personnel explaining and performing this electrical work can be found on FirstEnergy's YouTube channel. The new line will help prevent or minimize the impact of outages caused by wind and other factors by connecting about 700 customers in Avon Lake to a different, upg
Project anticipated to be completed in summer 2025 HOLMDEL, N.J., Jan. 29, 2025 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE:FE), has started upgrades to the electric grid in Burlington and northwestern Ocean counties to enhance service for approximately 2,500 JCP&L customers. The $3.2 million, two-phase project is expected to be completed in July. Equipment enhancements will take place along more than four miles of overhead and underground power lines in North Hanover, New Hanover and Plumsted townships. Doug Mokoid, FirstEnerg
The recognition highlights the companies' commitment to supporting businesses across the region AKRON, Ohio, Jan. 28, 2025 /PRNewswire/ -- FirstEnergy Corp. (NYSE:FE) electric companies The Illuminating Company and Ohio Edison have been named 2024 Business Customer Champions in a national study conducted by Escalent, a leading data analytics and advisory firm with extensive expertise in the energy and utility industry. The designation underscores the companies' dedication to fostering strong, engaged relationships with business customers throughout their Ohio service areas. Es
AKRON, Ohio, Jan. 17, 2025 /PRNewswire/ -- As frigid weather grips the region, FirstEnergy Corp. (NYSE:FE) electric companies remind customers of steps they can take to stay safe and better manage energy bills that may climb due to the cold weather. Based on current forecasts, all of FirstEnergy's six-state footprint will be affected by the cold snap, with sub-zero temperatures likely to arrive early next week and lasting several days. Company line workers will be ready to assist should the arctic conditions cause any customers to lose power. A video playlist of utility person
HOLMDEL, N.J., Jan. 16, 2025 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE:FE), is upgrading a northern New Jersey transmission substation to better enhance reliability for customers in Sussex County. The project in Franklin Borough is expected to cost $50.3 million and take approximately 18 months to complete. Doug Mokoid, FirstEnergy's President, New Jersey: "The extensive work happening both inside and outside the fence of our substation in Franklin is designed to enhance the reliability and resiliency of the backbone of our e
Projects benefit 4,000+ customers in Neptune Township, Monmouth Beach and Sea Bright HOLMDEL, N.J., Jan. 16, 2025 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE:FE), is wrapping up the last of a pair of electric system upgrade projects this month in portions of northern and eastern Monmouth County. The two projects will enhance electric service for more than 4,000 customers in the county while also helping protect wildlife by deterring birds of prey from nesting on utility poles. Watch a video of JCP&L personnel explaining and com
FAIRMONT, W.Va., Dec. 23, 2024 /PRNewswire/ -- FirstEnergy Transmission, LLC ("FET" or the "Company"), a subsidiary of FirstEnergy Corp. and a holding company of electric transmission companies operating in Ohio, Pennsylvania, West Virginia, Maryland and Virginia, today announced an offer to exchange (i) up to $400 million aggregate principal amount of its outstanding 4.550% Senior Notes due 2030 (the "Outstanding 2030 Notes") for an equal amount of 4.550% Senior Notes due 2030 registered under the Securities Act of 1933, as amended (the "Securities Act") (the "New 2030 Notes") and (ii) up to $400 million aggregate principal amount of its outstanding 5.000% Senior Notes due 2035 (the "Outst
Leaders selected to oversee Finance and Regulatory for Pennsylvania and New Jersey; Construction and Design Services AKRON, Ohio, Dec. 20, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE:FE) today announced it has hired Kelly Gower as Vice President, Finance and Regulatory for Pennsylvania and Teresa Reed as Vice President, Finance and Regulatory for New Jersey. In addition, Jeremy W. Hay has been promoted to Vice President, Construction and Design Services. All positions are effective December 30. As Vice Presidents, Finance and Regulatory, Gower and Reed will be responsible for
Work to enhance smart grid across Pennsylvania will continue through 2029 GREENSBURG, Pa., Dec. 19, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania (FE PA), a subsidiary of FirstEnergy Corp. (NYSE:FE) doing business as Met-Ed, Penn Power, Penelec and West Penn Power, has received approval from the Pennsylvania Public Utility Commission (PaPUC) to implement phase three of its Long-Term Infrastructure Improvement Plans (LTIIP III) to help ensure continued electric service reliability for more than two million Pennsylvania customers. The plans entail an additional $1.42 billion in
Recipients provide support to vulnerable individuals across JCP&L's service area HOLMDEL, N.J., Dec. 19, 2024 /PRNewswire/ -- The FirstEnergy Foundation has granted "Gifts of the Season" totaling nearly $20,000 to three nonprofits that are working to make lives better in New Jersey communities served by FirstEnergy Corp (NYSE:FE) electric company Jersey Central Power & Light (JCP&L). Watch a video explaining how these FirstEnergy Foundation grants will strengthen New Jersey communities on FirstEnergy's YouTube channel. The recipients of this year's gifts are 501(c)(3) organi
AKRON, Ohio, Dec. 18, 2024 /PRNewswire/ -- The Board of Directors of FirstEnergy Corp. (NYSE:FE) today declared an unchanged quarterly dividend of $0.425 per share of outstanding common stock payable March 1, 2025, to shareholders of record at the close of business on February 7, 2025. FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving more than six million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New
Reports third quarter 2024 GAAP earnings from continuing operations of $0.73 per share and operating (non-GAAP) earnings of $0.85 per share, within guidance range Narrows full-year 2024 operating (non-GAAP) earnings guidance to $2.61 to $2.71 per share Increases 2024 capital investment plan from $4.3 billion to $4.6 billion, an increase of approximately 7%, and 24% higher than 2023 Affirms targeted 6-8% long-term annual operating earnings growth AKRON, Ohio, Oct. 29, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE:FE) today reported third quarter 2024 GAAP earnings from continuing operations of $419 million, or $0.73 per basic and diluted share, on revenue of $3.7 billion. This compares to th
AKRON, Ohio, Oct. 8, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE:FE) will release financial results for the third quarter and first nine months of 2024 after markets close on Tuesday, October 29. These results will be discussed by FirstEnergy management during a conference call with financial analysts at 9 a.m. EDT on Wednesday, October 30. A question-and-answer session will follow. Investors, customers and other interested parties are invited to listen to a live webcast of the call and view presentation slides via FirstEnergy's Investor Information website, www.firstenerg
Companies jointly propose electric transmission projects to serve region's growing power demand through PJM's competitive planning process Collaboration leverages expertise of industry leaders to propose comprehensive, cost-effective solutions that promote regional grid reliability AKRON, Ohio, Oct. 7, 2024 /PRNewswire/ -- FirstEnergy Corp., Dominion Energy Virginia and American Electric Power have entered into an innovative joint planning agreement to propose several new regional electric transmission projects across multiple states within the PJM footprint. The innovative collaboration comes at a time when efficient and cost-effective regional transmission development is essential and e
AKRON, Ohio, Sept. 24, 2024 /PRNewswire/ -- The Board of Directors of FirstEnergy Corp. (NYSE:FE) today declared an unchanged quarterly dividend of $0.425 per share of outstanding common stock payable December 1, 2024, to shareholders of record at the close of business on November 7, 2024. FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving more than six million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and
Comprehensive Agreement Designed to Keep Costs Manageable for Customers READING, Pa., Sept. 16, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a subsidiary of FirstEnergy Corp. (NYSE:FE) doing business as Met-Ed, Penn Power, Penelec and West Penn Power, has reached a settlement in its base rate review, subject to the approval of the Pennsylvania Public Utility Commission (PaPUC). The $225 million settlement expands bill assistance for low-income residential customers and enables the company's electric grid investments that support safe and reliable electric service for its Pennsylvania customers.
AKRON, Ohio, Sept. 12, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE:FE) today announced that it has reached a settlement agreement with the U.S. Securities and Exchange Commission (SEC) to resolve its previously disclosed investigation. "We are pleased to have reached a resolution with the SEC as we continue to turn a new chapter," said Brian X. Tierney, President and Chief Executive Officer of FirstEnergy. "Our focus today is investing in our regulated electric companies to improve the customer experience and support the energy transition." FirstEnergy's settlement requires a
AKRON, Ohio, Aug. 13, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE:FE) today announced that it has reached an agreement, effective Aug. 12, 2024, with the Office of the Ohio Attorney General and the Office of the Summit County Prosecutor to resolve all outstanding proceedings between the parties. "We are pleased to have reached a resolution with the Ohio Attorney General's Office and the Office of the Summit County Prosecutor, which recognizes the substantial actions FirstEnergy has taken to establish a highly effective compliance program and instill a culture of ethics and in
Reports second quarter 2024 GAAP earnings of $0.08 per share and operating (non-GAAP) earnings of $0.56 per share, above the midpoint of guidance and a 19% increase compared to the second quarter of 2023 Affirms targeted 6-8% long-term annual operating earnings per share growth and full-year 2024 operating (non-GAAP) earnings guidance of $2.61 to $2.81 per share Received and deployed final $1.2 billion in proceeds from $3.5 billion FET LLC transaction, strengthening balance sheet and fueling Energize365 investment plan Results include progress in settling legacy issues with the Securities and Exchange Commission (SEC) and the Office of the Ohio Attorney General AKRON, Ohio, July 30, 2024 /PR
AKRON, Ohio, July 24, 2024 /PRNewswire/ -- The Board of Directors of FirstEnergy Corp. (NYSE:FE) today declared a quarterly dividend of $0.425 per share of outstanding common stock payable September 1, 2024, to shareholders of record at the close of business on August 7, 2024. FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving more than six million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The
8-K - FIRSTENERGY CORP (0001031296) (Filer)
8-K - FIRSTENERGY CORP (0001031296) (Filer)
10-Q - FIRSTENERGY CORP (0001031296) (Filer)
8-K - FIRSTENERGY CORP (0001031296) (Filer)
8-K - FIRSTENERGY CORP (0001031296) (Filer)
8-K - FIRSTENERGY CORP (0001031296) (Filer)
10-Q - FIRSTENERGY CORP (0001031296) (Filer)
8-K - FIRSTENERGY CORP (0001031296) (Filer)
8-K - FIRSTENERGY CORP (0001031296) (Filer)
11-K - FIRSTENERGY CORP (0001031296) (Filer)
Wolfe Research downgraded FirstEnergy from Outperform to Peer Perform
Scotiabank upgraded FirstEnergy from Sector Perform to Sector Outperform and set a new price target of $50.00
Seaport Research Partners downgraded FirstEnergy from Buy to Neutral
Jefferies initiated coverage of FirstEnergy with a rating of Hold and set a new price target of $46.00
Argus upgraded FirstEnergy from Hold to Buy and set a new price target of $50.00
Goldman initiated coverage of FirstEnergy with a rating of Buy and set a new price target of $45.00
Barclays initiated coverage of FirstEnergy with a rating of Equal Weight and set a new price target of $37.00
UBS downgraded FirstEnergy from Buy to Neutral and set a new price target of $40.00 from $45.00 previously
Guggenheim upgraded FirstEnergy from Neutral to Buy and set a new price target of $46.00 from $34.00 previously
BofA Securities downgraded FirstEnergy from Neutral to Underperform and set a new price target of $38.00 from $41.00 previously
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CRA International, Inc. (NASDAQ:CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that an auction process will be conducted for FirstEnergy Corp.'s (NYSE:FE) Ohio subsidiaries – Ohio Edison, The Illuminating Company and Toledo Edison – to procure full requirements service for their Standard Service Offer customers. The auction process will lead up to the auction scheduled for January 21, 2025. The bidding process will use a descending-price clock auction format. The auction will be managed by the Auction Manager, CRA International, Inc. The auction is being conducted pursuant to approval from the Public Utilities Commission of
CRA International, Inc. (NASDAQ:CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that an auction process will be conducted for FirstEnergy Corp.'s (NYSE:FE) Ohio subsidiaries – Ohio Edison, The Illuminating Company and Toledo Edison – to procure full requirements service for their Standard Service Offer customers. The auction process will lead up to the auction scheduled for October 1, 2024.* The bidding process will use a descending-price clock auction format. The auction will be managed by the Auction Manager, CRA International, Inc. and will be conducted pursuant to approval from the Public Utilities Commission of Ohio (PUC
President and CEO Brian X. Tierney highlights company's progress and strong position in shareholder address; Company announces preliminary voting results AKRON, Ohio, May 22, 2024 /PRNewswire/ -- Speaking at the company's 2024 Annual Meeting of Shareholders, FirstEnergy Corp. (NYSE:FE) President and Chief Executive Officer Brian X. Tierney said FirstEnergy has become a stronger and more resilient company with a foundation of integrity and a very bright future. "We have a strong foundation, clear focus and robust strategy to deliver long-term value to our shareholders, custome
Business unit leaders with expanded executive responsibilities to support better execution and customer investments at the local level Jim Fakult, President, New Jersey Operations, to retire after 37 years of service AKRON, Ohio, May 21, 2024 /PRNewswire/ -- To help drive its transformation to a premier electric company, FirstEnergy Corp. (NYSE:FE) today announced the appointment of four new executives to oversee the company's Ohio, Pennsylvania and New Jersey state electric company businesses and its stand-alone transmission companies: John Hawkins – President, Pennsylvania,
CRA International, Inc. (NASDAQ:CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that an auction process will be conducted for FirstEnergy Corp.'s (NYSE:FE) Ohio subsidiaries – Ohio Edison, The Illuminating Company, and Toledo Edison – to procure full requirements service for their Standard Service Offer customers. The auction process will lead up to the auction scheduled for March 19, 2024. The bidding process will use a descending-price clock auction format. The auction will be managed by the Auction Manager, CRA International, Inc. The auction is being conducted pursuant to approval from the Public Utilities Commission of O
Wade Smith Joins Company as President, FirstEnergy Utilities; Toby L. Thomas Joins as Chief Operating Officer AKRON, Ohio, Nov. 21, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE:FE) today announced that Wade Smith has been named president, FirstEnergy Utilities, and Toby L. Thomas has been named chief operating officer of FirstEnergy, effective Dec. 18 and Nov. 30, respectively. The addition of these two senior executives is an important step in driving forward the company's transformation into a premier electric utility. Both leaders will report directly to President and Chief Executive Officer Brian X. Tierney.
CRA International, Inc. (NASDAQ:CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that an auction process will be conducted for FirstEnergy Corp.'s (NYSE:FE) Pennsylvania utilities — Metropolitan Edison Company ("Met-Ed"), Pennsylvania Electric Company ("Penelec"), Pennsylvania Power Company ("Penn Power") and West Penn Power Company ("West Penn Power") — to procure full requirements Default Supply generation service for their Default Service Customers. The auction process will lead up to the auction scheduled for November 6, 2023. The bidding process will use a descending-price clock auction format. The auction will be managed
Board Chair, Interim President and CEO John W. Somerhalder addresses shareholders Company announces preliminary voting results Brian X. Tierney appointed to Board of Directors AKRON, Ohio, May 24, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE:FE) Board Chair, Interim President and Chief Executive Officer John W. Somerhalder told shareholders today that FirstEnergy is making progress on its plans to drive long-term success and create sustainable value for all of its stakeholders. Speaking at the company's 2023 Annual Meeting of Shareholders, he said this is an exciting moment in the company's history.
President and Chief Executive Officer Steven E. Strah to Retire John W. Somerhalder Appointed Interim President and Chief Executive Officer Board to Initiate Search for Permanent Successor AKRON, Ohio, Sept. 15, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE:FE) today announced that John W. Somerhalder II, chair of the FirstEnergy Board of Directors, has been named interim president and chief executive officer (CEO), effective September 16, 2022. Mr. Somerhalder's appointment follows Steven E. Strah's decision to retire as president and CEO of FirstEnergy and as a member of the Board of Directors.
President and CEO Steven E. Strah addresses shareholders John W. Somerhalder elected Board chair Lisa Winston Hicks elected lead independent director AKRON, Ohio, May 17, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE:FE) President and Chief Executive Officer Steven E. Strah told shareholders today that FirstEnergy is embracing transformation and innovation to reimagine the company and reshape it into a more forward-thinking, premier utility. Speaking at the company's 2022 Annual Meeting of Shareholders, Strah said FirstEnergy has maintained strong operational and financial per