Jefferies initiated coverage on FirstEnergy with a new price target
$FE
Electric Utilities: Central
Utilities
Jefferies initiated coverage of FirstEnergy with a rating of Hold and set a new price target of $46.00
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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 |
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,
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4 - FIRSTENERGY CORP (0001031296) (Issuer)
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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
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.
New and expanded programs designed to meet increased energy savings targets HOLMDEL, N.J., Oct. 31, 2024 /PRNewswire/ -- Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE:FE), has obtained approval from the New Jersey Board of Public Utilities (BPU) to expand its energy efficiency programs. The two-and-a-half-year program is designed to achieve electricity savings and other objectives of the N.J. Clean Energy Act of 2018 and the N.J. Energy Master Plan. Doug Mokoid, FirstEnergy's President, New Jersey: "These programs represent the next generation
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
If approved by PUCO, companies would revert to a previous rate plan AKRON, Ohio, Oct. 29, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE:FE) Ohio electric companies – Ohio Edison, The Illuminating Company, and Toledo Edison – have filed a notice with the Public Utilities Commission of Ohio (PUCO) to withdraw their current Electric Security Plan (ESP) 5, which took effect on June 1. If approved by the PUCO, the companies would revert to their prior ESP4, which was in effect through May 31, 2024. Under the ESP4 framework, FirstEnergy's Ohio electric companies provided customers wi
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