FirstEnergy Corp. (FE)

In the past six months, FirstEnergy's stock price has been influenced by several events. FirstEnergy announced its first-quarter 2025 financial results, reporting improvements in earnings and reaffirming its guidance and growth rate. The company declared a quarterly common stock dividend of $0.445 per share. FirstEnergy's stock reached a new 52-week high around October 1, 2025. Analyst ratings and price targets have seen adjustments from Barclays, Scotiabank and Morgan Stanley. Ongoing news regarding infrastructure upgrades and significant capital investment plans continue to shape investor sentiment. FirstEnergy subsidiaries Mon Power and Potomac Edison submitted a plan to the Public Service Commission of West Virginia outlining strategies to meet the state's power needs over the next decade.

Demand for FirstEnergy Corp.'s electricity is seasonal, with peaks during the summer and winter months due to increased usage for cooling and heating. The company prepares its distribution and transmission systems to meet the anticipated higher electricity usage during these periods.

FirstEnergy Corp. is an electric utility company based in Akron, Ohio, involved in electricity generation, transmission, and distribution, as well as energy management services. The company has a diverse generation portfolio, including nuclear, coal-fired, solar, hydroelectric, oil, natural gas, and wind facilities. Its ten electric utility operating companies form one of the largest investor-owned electric systems in the United States.

FirstEnergy serves approximately 6 million customers across a 65,000-square-mile area spanning Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. Its transmission subsidiaries manage a network of approximately 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions.

In the past year, FirstEnergy has worked to rebuild its brand reputation following a bribery scandal. A settlement agreement was reached with the SEC in September 2024, involving a civil penalty of $100 million. The FirstEnergy Foundation has been active in community support, distributing over $2 million to nonprofits and making its largest hunger relief grant to date. The company emphasizes its dedication to integrity, safety, reliability, and operational excellence. FirstEnergy's electric companies undertook proactive measures to prepare for summer heat waves and enhance service reliability.

FirstEnergy Corp. is largely controlled by institutional shareholders, who collectively own between 84% and 86.78% of the company's stock. Major institutional owners include Capital World Investors, Vanguard Group Inc, BlackRock, Inc., and State Street Corp. Capital World Investors is the largest individual FirstEnergy shareholder, holding 13.51% of shares outstanding. Insider ownership is less than 1%.