|Bid||0.00 x 800|
|Ask||37.00 x 900|
|Day's Range||35.46 - 35.87|
|52 Week Range||29.34 - 37.00|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 25, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||1.44 (3.92%)|
|1y Target Est||38.04|
MORRISTOWN, N.J., July 13, 2018 /PRNewswire/ -- Jersey Central Power & Light (JCP&L) filed a four-year infrastructure plan today with the New Jersey Board of Public Utilities (BPU) aimed at enhancing the reliability and resiliency of its distribution system against severe weather and reducing the frequency and duration of power outages. JCP&L Reliability Plus includes about $400 million in targeted investments above and beyond its regular annual investments to enhance JCP&L's service reliability and resiliency. The plan includes nearly 4,000 enhancements that will help the reliability and resiliency of overhead and underground distribution lines, as well as new equipment to reduce the frequency and duration of outages. It also outlines additional vegetation management to reduce the potential for tree damage, which is the primary cause of outages during severe storms in JCP&L's service area.
AKRON, Ohio, July 12, 2018 /PRNewswire/ -- FirstEnergy Corp. (FE) announced today that its Energizing the Future investment initiative is driving significant performance improvement in the company's electric transmission system. The program is aimed at modernizing the "electric superhighway" of the power grid, which carries energy across FirstEnergy's territory, often over long distances. Since launching Energizing the Future in 2014, FirstEnergy has achieved a 37 percent reduction in equipment-related outages in its American Transmission Systems, Inc. (ATSI) zone, which includes high-voltage lines and substations serving the company's Ohio Edison, Cleveland Electric Illuminating and Toledo Edison utilities in Ohio, as well as Penn Power customers in western Pennsylvania. FirstEnergy and its transmission companies expect to achieve similar results as the program expands eastward into the Met-Ed and Penelec service areas in Pennsylvania. A FirstEnergy transmission affiliate, Mid-Atlantic Interstate Transmission, LLC (MAIT), will build and own these facilities. FirstEnergy expects to invest more than $1 billion per year on transmission upgrades from 2018-2021.
Upgrades Expected to Enhance Service Reliability for Customers WILLIAMSPORT, Md. , July 11, 2018 /PRNewswire/ -- Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), is rebuilding a power line ...
Corp.’s retail and wholesale power supplier, Constellation, wants to buy FirstEnergy Solutions Corp.’s retail power business for $140 million in cash. Chicago-based Exelon disclosed the purchase agreement in a securities filing Tuesday morning. Exelon said the deal would boost its footprint in Midwest and Mid-Atlantic states, where FirstEnergy Solutions has focused its business.
Corp.’s retail and wholesale power supplier, Constellation, wants to buy FirstEnergy Solutions Corp.’s retail power business for $140 million in cash. Chicago-based Exelon disclosed the purchase agreement in a securities filing Tuesday. Exelon said the deal would boost its footprint in Midwestern and Mid-Atlantic states, where FirstEnergy Solutions focused its business.
LONDON, UK / ACCESSWIRE / July 10, 2018 / If you want a free Stock Review on CIG sign up now at www.wallstequities.com/registration. WallStEquities.com has initiated research coverage on Companhia Energetica de Minas Gerais (NYSE: CIG), Entergy Corp. (NYSE: ETR), FirstEnergy Corp. (NYSE: FE), and Korea Electric Power Corp. (NYSE: KEP).
The good news, according to S&P Global Ratings, is that U.S. companies had $2.1 trillion of cash at the end of 2017. The bad news is they also had $6.3 trillion in debt for net debt of $4.2 trillion. “These borrowers have $8 of debt for every $1 of cash,” wrote Andrew Chang, the primary credit analyst at S&P Global.
Moody's Investors Service, ("Moody's") today assigned a Baa2 senior unsecured rating to Monongahela Power Company's (Mon Power) $73.5 million tax-exempt revenue bonds (Solid Waste Disposal Refunding Revenue Bonds 2018 Series A) related to its Harrison power plant. The bonds will be issued by the County Commission of Harrison County, West Virginia.
According to Wall Street analysts, FirstEnergy (FE) stock has a mean target price of $37.50. Its current market price is $36.50. That indicates a potential upside of 2.7% over the next 12 months.
On June 27, implied volatility in FirstEnergy (FE) stock was close to 18%, higher than its 15-day average. It was also higher than the broader utilities and the broader markets. A higher implied volatility shows higher investor anxiety and is generally associated with a fall in the stock, and vice versa.
FirstEnergy (FE) stock is currently trading at an enterprise-value-to-EBITDA multiple of 8.3x. Its five-year historical average is 9.0x. So FE seems to be trading at a discounted valuation compared to its historical average.
US utility stocks (XLU) (IDU) are stealing the focus as investors shift to defensive measures amid market uncertainty. One name that significantly stood out in utilities’ recent rally is FirstEnergy (FE). FirstEnergy stock has rallied more than 11% in the last three weeks, notably outperforming its peers. It hit a fresh 52-week high of $36.55 on June 27.
U.S. Energy Secretary Rick Perry said on Thursday that bailing out struggling coal and nuclear power plants is as important to national security as keeping the military strong, and that the cost to Americans should not be an issue. "We look at the electricity grid as every bit as important to (national security) as making sure we have the right number of ships, aircraft and personnel," he said. President Donald Trump ordered the Department of Energy (DOE) to take emergency measures to slow the retirements of coal and nuclear power plants, arguing those kinds of facilities can store months of fuel on site and therefore withstand supply disruptions that could be caused by storms, hacks, or physical attacks.
Company Offers Tips on How to Use Electricity Wisely During Heat Wave AKRON, Ohio , June 28, 2018 /PRNewswire/ -- FirstEnergy Corp.'s (NYSE: FE) distribution and transmission system is prepared to meet ...
FirstEnergy Corp (NYSE:FE), a large-cap worth US$16.73b, comes to mind for investors seeking a strong and reliable stock investment. Risk-averse investors who are attracted to diversified streams of revenue andRead More...
NEW YORK, NY / ACESSWIRE / June 26, 2018 / U.S. equities plunged on Monday, as indexes posted their biggest one-day decline in week, as fresh threats from President Trump added to the uncertainties of ...
The Dow Jones Utilities Average (dju) rallied 1.4% toward a two-month high, and toward its best eight-session stretch in over two years, as global trade tensions sent the broader stock market tumbling and fueled a rally in safe-haven Treasurys. The implied yield for Dow utilities is 3.34%, compared with the implied yields for the Dow Jones Industrial Average (djia) of 2.20% and for the Dow Jones Transportation Average (djt) of 1.32%, and the yield on the 10-year Treasury note of 2.880%. The Dow utilities are on track for an eighth-straight gain.
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on June 19. FE credit default swap spreads are within the middle of their range for the last three years.