FirstEnergy Corp continues to make significant strides despite unstable weather conditions that led to power outages, registering notable progress in power restoration in multiple states. It has seen a robust start to
2025 with significant investor interest following a successful quarterly earnings teleconference. The company's common stock dividend remained unchanged at
$0.425 per share, and its dividend will rise to
$0.445. Moreover,
Mizuho increased its price target for FirstEnergy post Q1 results while
B of A Securities upgraded it. The utility company received recognition from
Ethisphere for its outstanding ethics and compliance program. It strengthened leadership with four strategic executive appointments for transmission and regional operations. However, it did miss Q4 Earnings and Revenue Estimates. In terms of infrastructure,
FirstEnergy completed grid enhancements benefiting thousands of customers, invested in overhead and underground electrical upgrades, and received a $50 million grant from the U.S. Department of Energy for smart grid technology. In corporate social responsibility, it has made substantial donations in Ohio and Pennsylvania, maintained a strong military-friendly company image, and remains supportive of initiatives for community health and well-being.
Firstenergy Corp FE News Analytics from Thu, 05 Sep 2024 07:00:00 GMT to Fri, 02 May 2025 16:34:00 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor 4
