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 |
---|---|---|---|
4/23/2025 | $45.00 | Underperform → Neutral | BofA Securities |
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 |
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FAIRMONT, W.V., May 14, 2025 /PRNewswire/ -- Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE:FE), are sharing tips, tools and programs to help customers manage their energy use and budget during periods of high demand and all year long. As seasons change and the region experiences periods of extreme cold or heat, it's not uncommon for customers to use more energy as heating and cooling systems work harder and longer, often leading to higher electric bills. By taking some simple steps to use electricity wisely throughout the home and exploring available b
WILLIAMSPORT, Md., May 14, 2025 /PRNewswire/ -- Spring is in full swing, a welcome change after this winter's sub-zero temperatures. As spring turns to summer, energy use and costs can often increase as cooling systems work harder to keep homes comfortable. Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE:FE), is sharing tips and tools to help customers manage their energy use and budget during periods of high demand and all year long. Jim Myers, FirstEnergy President, West Virginia and Maryland: "We know that managing costs is important to our customers, and we're co
AKRON, Ohio, May 14, 2025 /PRNewswire/ -- Advanced Light Detection and Ranging (LiDAR) technology has been deployed across FirstEnergy Corp.'s (NYSE:FE) service area to more effectively manage hard-to-reach trees and vegetation along 7,100 miles of high-voltage power lines. The work began this month and will continue through the fall. LiDAR inspections are conducted using helicopters equipped with laser-based sensors that scan the landscape from above. As the aircraft flies along the power line corridors, the system emits rapid laser pulses toward the ground and surrounding ob
AKRON, Ohio, May 14, 2025 /PRNewswire/ -- FirstEnergy Corp. (NYSE:FE) announced today that Michael Auseré has been named Vice President, Financial Planning and Analysis, effective June 2. In this role, Auseré will have responsibility for FirstEnergy's long-range planning and budgeting processes and support overall achievement of the company's financial objectives and strategic initiatives. He will report to Jon Taylor, Senior Vice President and Chief Financial Officer, and will be relocating to Akron, Ohio. Jon Taylor, Senior Vice President and Chief Financial Officer: "Michae
AKRON, Ohio, May 14, 2025 /PRNewswire/ -- FirstEnergy Corp. (NYSE:FE) announced today that Tabrina L. Davis has been named Vice President, Communications, effective May 19. In this role, Davis will develop and execute FirstEnergy's internal and external communications strategies to support and promote the company's mission and business objectives. She will report to Brian X. Tierney, Board Chair, President and Chief Executive Officer, and will join the company's Executive Council. Davis will relocate to Akron and work at FirstEnergy's new headquarters on White Pond Drive. Bria
Donation in New Jersey region follows Red Cross response to Ocean County wildfire HOLMDEL, N.J., May 8, 2025 /PRNewswire/ -- The FirstEnergy Foundation has donated $25,000 to the American Red Cross to support its efforts to offer disaster assistance to families living in communities served by FirstEnergy Corp. (NYSE:FE) electric company Jersey Central Power & Light (JCP&L). The donation comes after the Red Cross provided aid to some of the 5,000 residents who evacuated due to the Jones Road Wildfire, which burned through more than 15,000 acres in parts of JCP&L's Ocean County
Patrols identify invisible equipment issues to prevent future service interruptions AKRON, Ohio, May 7, 2025 /PRNewswire/ -- To keep power flowing safely and reliably through the upcoming summer months, proactive aerial inspections along nearly 5,000 miles of high-voltage power lines are underway throughout FirstEnergy Corp.'s (NYSE:FE) six-state service area using infrared and ultraviolet (IR/UV) technology. Completed every four years in conjunction with FirstEnergy subsidiaries American Transmission Systems Incorporated (ATSI), Mid-Atlantic Interstate Transmission LLC (MAIT)
AKRON, Ohio, May 2, 2025 /PRNewswire/ -- Thousands of workers from FirstEnergy (NYSE:FE), along with outside support from 18 states, continue working around the clock restoring power to customers across parts of West Virginia and southwest and central Pennsylvania following damaging storms this week. Each day, service is being restored to large numbers of customers. In addition, significant progress removing trees and other debris is paving the way for the intricate work required to restore service in the hardest hit areas. More than 430,000 FirstEnergy customers lost power du
Crews continue working 24/7 to restore service to 150,000 customers following intense storm GREENSBURG, Pa., May 1, 2025 /PRNewswire/ -- Power has been restored to more than 275,000 of the 380,000 FirstEnergy Corp. (NYSE:FE) customers impacted by the April 29 storm that produced significant, widespread damage due to heavy rain and excessive winds in many parts of the service area. More than 4,750 internal and external resources are working 24/7 to restore power to customers who remain without service in the hardest hit areas of Pennsylvania and West Virginia. John Hawkins, Pre
Compliance Leader Verification™ recognizes organizations with an outstanding commitment to achieving a superior ethics and compliance program Company's Vice President and Chief Ethics and Compliance Officer Antonio Fernández honored with Business Ethics Leadership Alliance's Beacon Award AKRON, Ohio, April 30, 2025 /PRNewswire/ -- Reflecting its core values and commitment to ethics and integrity, FirstEnergy Corp. (NYSE:FE) has earned Compliance Leader Verification for 2025-2026 from Ethisphere, a global leader in defining and advancing the standards of ethical business practices. This designation reflects that FirstEnergy's corporate ethics and compliance program and initiatives and corpora
Reports significant improvement in first quarter 2025 GAAP earnings of $0.62 per share and Core Earnings (non-GAAP) of $0.67 per share, versus 2024 GAAP earnings of $0.44 per share and Core Earnings of $0.49 per share On track with 2025 $5 billion investment plan with more than $1 billion in customer-focused capital investments in the first quarter, supporting five-year Energize365 program of $28 billion through 2029 Affirms full-year 2025 Core Earnings guidance of $2.40 to $2.60 per share and 6-8% compounded annual Core Earnings growth rate target from 2025 through 2029 AKRON, Ohio, April 23, 2025 /PRNewswire/ -- FirstEnergy Corp. (NYSE:FE) today reported first quarter 2025 GAAP earnings o
AKRON, Ohio, April 2, 2025 /PRNewswire/ -- FirstEnergy Corp. (NYSE:FE) will release financial results for the first quarter of 2025 after markets close on Wednesday, April 23. These results will be discussed by FirstEnergy management during a conference call with financial analysts at 9 a.m. EDT on Thursday, April 24. 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.firstenergycorp.com/ir. The webcas
Represents 2025 annual rate of $1.78 per share, pending continued Board approval; Compares to $1.70 per share in 2024 declared dividends AKRON, Ohio, March 19, 2025 /PRNewswire/ -- The Board of Directors of FirstEnergy Corp. (NYSE:FE) today declared a quarterly dividend of $0.445 per share of outstanding common stock payable June 1, 2025, to shareholders of record at the close of business on May 7, 2025. "We are pleased to announce our third dividend increase since September 2023, reflecting our commitment to delivering shareholder value," said Brian X. Tierney, Board Chair,
Project awards represent approximately $1.25 billion in customer-focused investments for FirstEnergy Transmission and $46 million for other FirstEnergy subsidiaries AKRON, Ohio, Feb. 27, 2025 /PRNewswire/ -- FirstEnergy Transmission LLC (FET), jointly owned by FirstEnergy Corp. (NYSE:FE) and Brookfield Super-Core Infrastructure Partners, has been awarded multiple transmission projects by grid operator PJM Interconnection that are designed to strengthen the electric grid and support regional economic growth. The awards include projects that FET will develop through the Valley Link Transmission Company LLC joint venture with Dominion Energy and American Electric Power Company, as well as proje
Companies will jointly develop transmission projects in Virginia, West Virginia and Maryland to reliably serve the region's growing power demand Needed transmission reliability investments will also increase the grid's resiliency and capacity to support new generation Projects are in the early stages of development, with more detailed plans for permitting, regulatory approvals and public participation expected in the coming months AKRON, Ohio, Feb. 27, 2025 /PRNewswire/ -- Regional grid operator PJM Interconnection has selected several electric transmission projects that will be jointly developed by FirstEnergy Transmission LLC, Dominion Energy and American Electric Power Company through it
Reports full year 2024 GAAP earnings of $1.70 per share and Operating (non-GAAP) earnings of $2.63 per share, within guidance range Customer-focused capital investments of $4.5 billion in 2024 to improve grid reliability and resiliency and support the energy transition represent a 20% increase over 2023 Expands Energize365 capital investment program through 2029 with planned capital investments of $28 billion, an 8% increase from previous five-year plan, resulting in anticipated 9% rate base growth Introduces 2025 Core (non-GAAP) earnings guidance and a targeted 6-8% compound annual Core earnings growth rate through the five-year planning period AKRON, Ohio, Feb. 26, 2025 /PRNewswire/ -- Fir
AKRON, Ohio, Feb. 11, 2025 /PRNewswire/ -- FirstEnergy Corp. (NYSE:FE) will release financial results for the fourth quarter and full year of 2024 after markets close on Wednesday, February 26. These results will be discussed by FirstEnergy management during a conference call with financial analysts at 8 a.m. EST on Thursday, February 27. 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.firstenergyco
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
BofA Securities upgraded FirstEnergy from Underperform to Neutral and set a new price target of $45.00
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
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 June 24, 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 Ohio
Key leadership positions align with core business model focused on enhancing system investments and customer experience at the local level AKRON, Ohio, April 21, 2025 /PRNewswire/ -- FirstEnergy Corp. (NYSE:FE) has announced the appointment of four new executives to support the company's transmission business, operations and generation in its combined West Virginia/Maryland division and operations in New Jersey. Satvir Deol has been named Vice President, Transmission Operations, effective April 21, reporting to Mark Mroczynski, President, Transmission. He will oversee transmis
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.