The FirstEnergy Corp. continues to perform strongly in the stock market with Simplicity Wealth LLC, Cetera Investment Advisers, Cetera Advisors LLC, Eversource Wealth Advisors LLC, DekaBank Deutsche Girozentrale, Atria Investments Inc, and Comerica Bank increasing their stock holdings. Their spectacular disaster management initiated after severe storms hit the northeast, allowed for the quick restoration of power to more than 90% of the affected customers. The deployment of over 6,000 workers was pivotal in this operation. This performance has seen the stock outperform its peers in the market. The company has also declared an increased common stock dividend of $0.425 per share. Besides, FirstEnergy has a vision for service reliability, with it preparing for a tropical storm's remnants and engaging in infrastructural upgrades across several territories. Investments have been made towards planting 25,000 trees and smart grid enhancements. Finally, in a bid to contribute to the community, FirstEnergy has made a $100,000 donation to Garfield High School in Akron. The company is set to webcast its quarterly earnings teleconference soon which should provide more insight into the company’s performance.
Firstenergy Corp FE News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Sun, 11 Aug 2024 17:43:58 GMT - Rating 6 - Innovation 4 - Information 8 - Rumor -3
