The global electric utility company, FirstEnergy Corp. (NYSE:FE), is undergoing shifts in investment behavior. A few investment firms, including American International Group Inc., Nomura Holdings Inc., First Hawaiian Bank, Goldman Sachs Group Inc., and Vanguard Group Inc., have sold shares of FE. In contrast, Mather Group LLC., Czech National Bank, PNC Financial Services Group Inc., SageView Advisory Group LLC, Scarborough Advisors LLC, and CCM Investment Advisers LLC have increased their holdings.
There have been significant developments within the company reported over the past few months, including financial results announcement for FY 2023 and Q1, Q2, Q3 of 2024 showing a promising trajectory. FirstEnergy has also declared an increased common stock dividend, indicating favorable financial performance. It unveiled a $26 billion investment plan and has set a solid pace towards meeting its clean energy goals.
Meanwhile, several infrastructural upgrades like grid enhancements in Ohio, tree-trimming work in Ohio Edison's area, a continued winter storm power restoration, and a new solar site in West Virginia to enhance service reliability have been accounted. Furthermore, they have maintained a substantial philanthropic presence with their donation initiatives.
Firstenergy Corp FE News Analytics from Tue, 01 Aug 2023 07:00:00 GMT to Sun, 23 Jun 2024 10:09:08 GMT - Rating 5 - Innovation 6 - Information 7 - Rumor -2
