FirstEnergy Corp. (FE)

In the past six months, FirstEnergy Corp.'s stock has been impacted by several key events, including the release of its third-quarter 2025 financial results, which surpassed analyst expectations. The company also narrowed its full-year 2025 adjusted earnings guidance to $2.50 to $2.56 per share, placing it in the upper half of its original range. FirstEnergy has also significantly increased its capital investment plans, deploying over $4 billion in capital investments through the first nine months of 2025 and increasing its planned investments for 2025 from $5.0 billion to $5.5 billion. Analysts have adjusted their ratings and price targets for FE shares, with some raising price targets and others maintaining or adjusting ratings.

Demand for FirstEnergy's products and services exhibits clear seasonality. The company's distribution and transmission system is prepared to handle increased electricity demand during summer heat waves in the Midwest and Mid-Atlantic regions. Similarly, higher electric usage is anticipated during cold-weather months, leading FirstEnergy to complete inspections and maintenance to ensure reliability as temperatures drop in winter. This indicates that demand for electricity peaks during periods of extreme temperatures, both hot and cold, due to increased heating and cooling needs.

FirstEnergy Corp. (FE) is a diversified energy company headquartered in Akron, Ohio, primarily operating as a regulated electric utility involved in the transmission and distribution of power. Its major products include electricity generation, transmission, and distribution, as well as energy management and other energy-related services. FirstEnergy's generation portfolio includes coal-fired, nuclear, hydroelectric, wind, and solar power facilities, and its mission focuses on providing safe, reliable, and increasingly sustainable energy solutions to its customers.

FirstEnergy's operational footprint spans several states in the Mid-Atlantic and Midwest regions of the United States. Its ten regulated distribution companies serve over 6 million customers across Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. The company also manages an extensive network of approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions.

In the past year, FirstEnergy has received positive recognition for its customer service. In January 2025, FirstEnergy's electric companies, The Illuminating Company and Ohio Edison, were named 2024 Business Customer Champions by Escalent. The company consistently emphasizes its dedication to integrity, safety, reliability, and operational excellence, as outlined in its corporate responsibility reports.

FirstEnergy Corp. has significant institutional backing, with institutional investors holding approximately 84% to 89.41% of the company's stock. Retail investors own about 11% of the company, while insiders own under 1%. Major institutional owners include Capital World Investors, The Vanguard Group Inc., BlackRock Inc., State Street Corp, and Blackstone Inc.