|Bid||43.00 x 2200|
|Ask||44.30 x 800|
|Day's Range||43.49 - 44.20|
|52 Week Range||34.30 - 44.20|
|Beta (3Y Monthly)||0.29|
|PE Ratio (TTM)||265.18|
|Earnings Date||Jul 23, 2019|
|Forward Dividend & Yield||1.52 (3.45%)|
|1y Target Est||46.33|
NextEra Energy (NEE) is expected to beat estimates when it reports Q2 earnings on Jul 24. Second-quarter results are likely to be driven by customer additions and strong Florida economy.
Focus on reliability, resiliency and security through Energizing the Future plan is expected to drive FirstEnergy's (FE) Q2 earnings.
The two reactors in Ohio, Davis-Besse and Perry, are owned by FirstEnergy Solutions, which has said it would shut the money-losing plants in 2020 and 2021 unless the state provides some financial assistance to keep them operating. FirstEnergy Solutions is a bankrupt unit of Ohio power company FirstEnergy Corp .
The two reactors in Ohio, Davis-Besse and Perry, are owned by FirstEnergy Solutions, which has said it would shut the money-losing plants in 2020 and 2021 unless the state provides some financial assistance to keep them operating. FirstEnergy Solutions is a bankrupt unit of Ohio power company FirstEnergy Corp . The Senate version of the nuclear bill, House Bill 6 (HB6), is expected to go to the state House of Representatives for a concurrence vote on Wednesday night, one of the analysts said.
AKRON, Ohio , July 17, 2019 /PRNewswire/ -- FirstEnergy Corp.'s (NYSE: FE) Ohio utilities – Ohio Edison, Cleveland Electric Illuminating Company and Toledo Edison – announced today that the Public Utilities ...
AKRON, Ohio, July 17, 2019 /PRNewswire/ -- The All-American Soap Box Derby announced today that FirstEnergy Corp. is extending its title partnership for five years, continuing the relationship between the two Akron-based institutions that began in 2012. The extension was announced during "race week" activities surrounding the 82nd FirstEnergy All-American Soap Box Derby, with more than 400 boys and girls in Akron from throughout the United States, Canada and Japan to compete in their gravity-powered race cars for a share of $36,000 in college scholarships. The world championship races are Saturday, July 20 at Derby Downs.
The Ohio Senate will likely pass a bill on Wednesday that will create subsidies to avoid the early shutdown of the state's two nuclear power reactors, according to analysts and those watching the legislation. The two reactors in Ohio - Davis Besse and Perry - are owned by FirstEnergy Solutions, which has said it would shut the money-losing plants in 2020 and 2021 unless the state provides some financial assistance to keep them operating. FirstEnergy Solutions is a bankrupt unit of Ohio power company FirstEnergy Corp .
AKRON, Ohio, July 16, 2019 /PRNewswire/ -- The Board of Directors of FirstEnergy Corp. (FE) today declared an unchanged quarterly dividend of 38 cents per share of outstanding common stock. FirstEnergy is dedicated to safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York.
AKRON, Ohio, July 16, 2019 /PRNewswire/ -- FirstEnergy Corp. (FE) will release financial results for the second quarter of 2019 after markets close on Tuesday, July 23. Investors, customers and other interested parties are invited to listen to a live webcast of the call and view slides associated with the presentation via FirstEnergy's investor information website, www.firstenergycorp.com/ir. FirstEnergy is dedicated to safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York.
U.S. electric generator LS Power said on Monday it would be forced to terminate development of an expansion of its Troy gas-fired power plant in Ohio if the state passes legislation to subsidize nuclear energy. There are two nuclear reactors in Ohio - Davis Besse and Perry. The plants' owner, FirstEnergy Solutions, said it would shut the money-losing reactors in 2020 and 2021 unless the state provides some financial assistance to keep them operating.
AKRON, Ohio, July 12, 2019 /PRNewswire/ -- FirstEnergy Corp. (FE) has promoted Kevin Burgess to vice president, Risk and Internal Audit, effective July 21, 2019. In this role, Burgess will oversee the combination of the company's risk management and internal auditing departments into one group. "Kevin's years of experience in standardizing and implementing business and reporting processes – along with his prudent judgement and leadership skills – will be an asset to our team," said Steve Strah, senior vice president & Chief Financial Officer, FirstEnergy.
FirstEnergy Corp NYSE:FEView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is moderate * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is moderate for FE with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $5.33 billion over the last one-month into ETFs that hold FE are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. FE credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The court said that a contract imposed by FirstEnergy on the union workers was an unfair labor practice.
We look at the nuclear power sector and how U.S. investors can get access to this often profitable, but still controversial, sector of the energy market.
FirstEnergy Solutions said on Monday it hopes Ohio lawmakers will pass a bill by July 17 to prevent the early closure of the state's two nuclear power reactors but cannot buy fuel for the units at this time without legislative certainty. FirstEnergy Solutions, a bankrupt subsidiary of Ohio energy company FirstEnergy Corp , had said it would shut the Davis-Besse and Perry reactors on Lake Erie in 2020 and 2021 if it did not get some financial help from the state for the money-losing plants by the June 30 fuel purchase deadline for Davis-Besse.
A committee in the Ohio Senate could vote on a nuclear bailout bill this weekend that would enable the full state legislature to pass legislation over the weekend to prevent the state's two power reactors from early retirement, sources familiar with the bill said on Friday. FirstEnergy Solutions, the bankrupt unit of Ohio energy company FirstEnergy Corp , has said it would shut the money-losing reactors in 2020 and 2021 if the state did not adopt a plan to provide some money for the plants by June 30. Officials at FirstEnergy Solutions and several legislative offices were not immediately available for comment.
Moody's Investors Service ("Moody's") affirmed the ratings of DPL Inc. (Ba1 senior unsecured) and Dayton Power & Light Company (DP&L, Baa2 issuer rating, A3 first mortgage bond) and changed their outlooks to stable from positive. "Heightened uncertainty regarding DP&L's ability to collect its Distribution Modernization Rider (DMR) until the end of its third Electric Security Plan (ESP-III) no longer justifies the maintenance of a positive outlook" said Nati Martel, a VP-Senior Analyst.
Could FirstEnergy Corp. (NYSE:FE) be an attractive dividend share to own for the long haul? Investors are often drawn...
An analyst at Height Capital Markets in Washington said on Wednesday that discussion on the market-based Regional Greenhouse Gas Initiative (RGGI) was likely related to a nuclear bailout deal, that would provide subsidies to prevent reactors from retiring. The governor's office, however, said Wolf did not talk to lawmakers about a nuclear bailout on Tuesday and that the AP story came from state fiscal year-end budget negotiations, which Wolf was not commenting on. Height Capital Markets said momentum to join RGGI is gaining in Pennsylvania but noted it was unclear at this point whether the Republican-majority legislature would be willing to authorize joining RGGI in exchange for nuclear subsidies.
AKRON, Ohio, June 12, 2019 /PRNewswire/ -- FirstEnergy Corp. (FE) has earned the Emergency Response Award from the Edison Electric Institute (EEI) for its efforts to restore more than a million customers to service after a several-day wind storm in late February. Winds that reached 70 miles per hour battered the company's six-state service area, from Ohio to New Jersey, and the entire region experienced sustained 40 mile-per-hour winds for a 12 hour period. "FirstEnergy is deserving of this award for its efforts to restore service quickly and safely in the Mid-Atlantic after the wind storm," said EEI President Tom Kuhn.
The Insider Monkey team has completed processing the quarterly 13F filings for the March quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]