FirstEnergy Corp. (FE)

In June 2025, FirstEnergy announced a proposed offering of convertible senior notes. In July 2025, Jefferies raised its price target for FE, citing an improving risk-reward profile. The company's 2025 Annual Meeting highlighted progress and an expanded capital investment target. Insider trading activity included sales by SVP, CFO, and Strategy Jon Taylor K. and VP, Controller & CAO Jason Lisowski. Institutional investors showed significant activity in Q1 2025. In June 2025, JCP&L received approval to implement measures to help customers manage rising electricity costs. The company's Q3 2024 earnings were negatively impacted by lower customer demand and high storm restoration costs, with an improvement anticipated for Q4 2024.

Demand for FirstEnergy's electricity exhibits seasonality, increasing during periods of extreme cold or heat. The company conducts proactive inspections and maintenance before the winter and summer seasons to prepare for these periods of high demand. Demand for electricity is generally higher in the winter and summer months due to temperature-driven heating and cooling needs.

FirstEnergy Corp. is an electric utility holding company based in Akron, Ohio, operating in the Regulated Electric industry. It focuses on electricity generation, transmission, and distribution to residential, commercial, and industrial customers. The company also offers energy management services, renewable energy solutions, energy efficiency programs, and home-related services.

FirstEnergy serves over 6 million customers across Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York. Its infrastructure includes approximately 24,000 miles of transmission lines and over 269,000 miles of distribution lines.

FirstEnergy has been working to rebuild its brand reputation following the HB6 investigation. The company launched the "Light the Way" campaign in 2022 to restore consumer trust. Its commitment to environmental stewardship and community engagement has positively impacted its reputation. The company's efficient response to a major storm in 2024 contributed to increased customer satisfaction. FirstEnergy was recognized as a top utility for economic development for the third consecutive year in September 2021.

FirstEnergy Corp. is a publicly traded company with ownership distributed among institutional investors, individual investors, and company insiders. Institutional investors hold a significant majority of the company's shares. Individual investors own a smaller percentage, and company insiders hold a small percentage.