Barclays initiated coverage on FirstEnergy with a new price target
$FE
Electric Utilities: Central
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Barclays initiated coverage of FirstEnergy with a rating of Equal Weight and set a new price target of $37.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
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
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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
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,
Deploys final $1.2 billion in proceeds to further strengthen balance sheet, supporting sustainable, long-term growth through industry-leading Energize365 grid investment program AKRON, Ohio, July 17, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE:FE) announced today that it received the remaining $1.2 billion in proceeds from the $3.5 billion sale of a 30% ownership interest in its FirstEnergy Transmission, LLC (FET) subsidiary to Brookfield Super-Core Infrastructure Partners (Brookfield). FirstEnergy received the initial proceeds of $2.3 billion from Brookfield when the transaction closed in March. The remaining $1.2 billion in interest-bearing notes were extinguished with Brookfield's final
Barclays analyst Eric Beaumont maintains FirstEnergy (NYSE:FE) with a Equal-Weight and raises the price target from $39 to $40.
Morgan Stanley analyst Stephen Byrd maintains FirstEnergy (NYSE:FE) with a Overweight and lowers the price target from $46 to $44.
AKRON, Ohio, Nov. 20, 2024 /PRNewswire/ -- In recognition of Utility Scam Awareness Day on Wednesday, Nov. 20, FirstEnergy Corp. (NYSE:FE) is offering tips to prevent the public from falling for common utility scams, especially as the cold winter months are fast approaching. Scammers often prey on the fears of vulnerable customers to steal their personal information and trick them into paying "unpaid bills" to avoid service disconnection. To date in 2024, FirstEnergy has received more than 3,400 reports of scams from customers. The actual number of scam attempts is even higher
FirstEnergy offers tips to help keep people of all ages safe from electrical hazards AKRON, Ohio, Nov. 18, 2024 /PRNewswire/ -- With the holiday season fast approaching, FirstEnergy Corp. (NYSE:FE) is reminding customers to reduce electrical hazards and potential fire risks at home by following important safety tips when installing holiday lights and decorations. According to the National Fire Protection Association (NFPA), U.S. fire departments respond to an average of 835 home structure fires per year that begin with holiday decorations, not including Christmas trees. These
Projects to enhance reliability for more than 53,000 customers in West Virginia and Maryland FAIRMONT, W.Va., Nov. 14, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE:FE) has been awarded $50 million in federal funding by the U.S. Department of Energy's Grid Deployment Office for projects that will enhance electric service reliability for more than 53,000 Mon Power and Potomac Edison customers in West Virginia and Maryland. The funding is part of the Grid Resilience and Innovation Partnerships (GRIP) Program established by the Bipartisan Infrastructure Law. The funding will be a