FirstEnergy stock hits 52-week high at 46.28 USD

FirstEnergy Corporation’s stock reached a new 52-week high, touching 46.28 USD, underscoring its strong performance in the market. The $26.63 billion utility company offers a compelling 3.88% dividend yield, having maintained dividend payments for 28 consecutive years. Over the past year, the company’s stock has experienced a notable increase of 7.79%, with an even more impressive year-to-date return of 19.13%, reflecting investor confidence and positive market sentiment. This milestone highlights FirstEnergy’s resilience and growth potential, as it navigates the complexities of the energy sector. The recent high marks a significant achievement for the company, indicating robust investor interest, though InvestingPro analysis suggests the stock may be slightly overvalued at current levels. For deeper insights, InvestingPro offers 8 additional key tips about FirstEnergy’s financial health and market position.

In other recent news, FirstEnergy Corp. reported its second-quarter earnings with Core EPS of $0.52, surpassing analysts’ expectations of $0.49. This positive performance was attributed to new rates and investments in its distribution business. Additionally, FirstEnergy’s board of directors declared a quarterly dividend of 44.5 cents per share, payable on December 1, 2025, to shareholders recorded by November 7, 2025. In terms of analyst actions, Barclays upgraded FirstEnergy’s stock from Equalweight to Overweight, citing an undervalued growth plan. Jefferies maintained its Hold rating but raised its price target to $45, noting potential positive developments if certain regulatory decisions align favorably. Similarly, Mizuho increased its price target to $45 while keeping a Neutral rating, following the company’s strong earnings report. Moreover, FirstEnergy announced updates to its executive severance and change in control plans, which will take effect on January 1, 2026. These changes include severance pay adjustments for certain executive positions in the event of involuntary terminations.

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