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FirstEnergy (FE) continues to increase shareholders' value, as its board of directors approves a 6% quarterly dividend hike.
FirstEnergy's (FE) subsidiaries begin construction on their second utility-grade solar site in West Virginia. The idea is to help meet the state's energy needs and further encourage economic growth.
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The headline numbers for FirstEnergy (FE) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
FirstEnergy's (FE) fourth-quarter earnings increase year over year, while revenues decrease during the same period. The company continues with the long-term capital expenditure plan to strengthen its infrastructure.
FirstEnergy (FE) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.50 per share a year ago.
AKRON, Ohio , Jan. 9, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) will release financial results for the fourth quarter and full year of 2023 after markets close on Thursday, February 8. These results will be discussed by FirstEnergy management during a conference call with financial analysts at 10 a.m.
FirstEnergy is the holding company for ten electric utilities, serving 6.2 million customers in the Midwest and Mid-Atlantic. The company faced a bribery scandal in 2020, resulting in a deferred prosecution agreement through 2024 and a penalty of $230 million. While the stock looks undervalued by 10-15.0% today, there are lingering legal risks and significant long-term debt. Wait for these headwinds to resolve on this otherwise attractive company.
FirstEnergy's (FE) subsidiaries clinch three transmission projects, which will further increase service reliability and help meet the rising demand for electricity.