Utility Industry Stock Outlook - June 2016
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 4:37PM CDT
Utility Industry Stock Outlook - June 2016
AEP: 66.85 (-0.11), UGI: 43.46 (-0.48), NI: 24.90 (-0.12), FE: 33.70 (-0.55), PEG: 44.36 (-0.26), OGS: 62.68 (-0.31), EIX: 73.96 (+0.30)
FirstEnergy Issues 2016 Sustainability Report Detailing Environmental Achievements and Community Support
PR Newswire - Thu Jun 09, 8:00AM CDT
FirstEnergy Corp. (NYSE: FE) recently issued its 2016 Sustainability Report, which details how the company is making a switch to a cleaner energy future as it continues to provide safe and reliable electric service to customers. The report is available in the environmental section of the company's website at www.firstenergycorp.com.
FE: 33.70 (-0.55)
FirstEnergy Names Ketan K. Patel Vice President, Corporate Secretary, and Chief Ethics Officer
PR Newswire - Tue Jun 07, 1:05PM CDT
The FirstEnergy Corp. (NYSE: FE) Board of Directors has elected Ketan K. Patel vice president, Corporate Secretary and Chief Ethics Officer. The change is effective July 1, 2016.
FE: 33.70 (-0.55)
FirstEnergy's Power Plants Prepared to Operate Reliably through High-Demand Summer Months
PR Newswire - Fri Jun 03, 10:45AM CDT
Nuclear, coal and natural gas generating stations owned by FirstEnergy Corp. (NYSE: FE) in Ohio, Pennsylvania and West Virginia today have completed preparations that support reliable operations during the hot summer months.
FE: 33.70 (-0.55)
JCP&L to Host Open Houses for Monmouth County Reliability Project
PR Newswire - Thu May 26, 11:30AM CDT
Jersey Central Power & Light (JCP&L) will hold three open house events for community members to learn more about its proposed $75-million Monmouth County Reliability Project (MCRP). JCP&L will provide additional information about the project and answer questions at:
FE: 33.70 (-0.55)
FirstEnergy (FE) Approaches New Downside Target of $31.71
Comtex SmarTrend(R) - Wed May 25, 8:42AM CDT
Shares of FirstEnergy (NYSE:FE) have bearishly opened below the pivot of $32.13 today and have reached the first support level of $31.90. Should the shares continue to fall, the support pivots of $31.71 and $31.29 will be of interest.
FE: 33.70 (-0.55)
FirstEnergy Offering STEM Education Grants for the 2016-2017 School Year
PR Newswire - Thu May 19, 2:00PM CDT
FirstEnergy Corp. (NYSE: FE) is offering education grants for creative classroom projects involving science, technology, engineering and mathematics (STEM) planned for the 2016-2017 school year.
FE: 33.70 (-0.55)
JCP&L Proposes Monmouth County Reliability Project
PR Newswire - Thu May 19, 12:25PM CDT
Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), is proposing the Monmouth County Reliability Project (MCRP) to enhance service and modernize the electric system. The project will include a new, nearly 10-mile, 230-kilovolt transmission line and substation enhancements that will benefit approximately 214,000 customers. The plan requires approval by the New Jersey Board of Public Utilities (BPU) and New Jersey Department of Environmental Protection.
FE: 33.70 (-0.55)
After Yesterday's Decline of 1.09%, FirstEnergy Offers Investors Better Value
Comtex SmarTrend(R) - Wed May 18, 3:40PM CDT
FirstEnergy (NYSE:FE) traded in a range yesterday that spanned from a low of $32.40 to a high of $33.04. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $32.86 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
FE: 33.70 (-0.55)
Update: FirstEnergy and The Illuminating Company Prepare for 2016 Republican National Convention in Cleveland
PR Newswire - Wed May 18, 9:27AM CDT
Electricity demand could be at an all-time high in downtown Cleveland when the Republican National Convention takes center stage in July of 2016. FirstEnergy Corp. (NYSE: FE) and The Illuminating Company have spent more than $3 million on infrastructure inspections, maintenance and employee training, including a series of readiness exercises, to help ensure reliable electric service for the week-long event.
FE: 33.70 (-0.55)
Watch for Shares of FirstEnergy (FE) to Approach Support at $32.55
Comtex SmarTrend(R) - Wed May 18, 8:45AM CDT
Shares of FirstEnergy (NYSE:FE) opened today below their pivot of $33.08 and have already reached the first level of support at $32.76. Analysts will be watching for a cross of the next downside pivot targets of $32.55 and $32.02.
FE: 33.70 (-0.55)
FirstEnergy and The Illuminating Company Prepare for 2016 Republican National Convention in Cleveland
PR Newswire - Wed May 18, 8:30AM CDT
Electricity demand could be at an all-time high in downtown Cleveland when the Republican National Convention takes center stage in July of 2016. FirstEnergy Corp. (NYSE: FE) and The Illuminating Company have spent more than $3 million on infrastructure inspections, maintenance and employee training, including a series of readiness exercises, to help ensure reliable electric service for the week-long event.
FE: 33.70 (-0.55)
JCP&L to Conduct Storm Restoration Drill
PR Newswire - Tue May 17, 11:10AM CDT
Jersey Central Power & Light (JCP&L) will conduct its annual emergency readiness exercise on May 18 to review the company's storm restoration process and test the Incident Command System (ICS) plan.
FE: 33.70 (-0.55)
FirstEnergy CEO Jones Addresses Shareholders
PR Newswire - Tue May 17, 10:20AM CDT
FirstEnergy Corp. (NYSE: FE) President and Chief Executive Officer Charles E. Jones told shareholders at today's Annual Meeting that the company has made good progress on a number of its key initiatives, while focusing its efforts on achieving more regulated, customer-centered growth.
FE: 33.70 (-0.55)
Look for Shares of FirstEnergy to Potentially Rebound after Yesterday's 1.41% Sell Off
Comtex SmarTrend(R) - Fri May 13, 12:59PM CDT
FirstEnergy (NYSE:FE) traded in a range yesterday that spanned from a low of $33.44 to a high of $33.97. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $33.57 on volume of 1.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
FE: 33.70 (-0.55)
Next Support Level for FirstEnergy (FE) is $33.53
Comtex SmarTrend(R) - Fri May 13, 9:07AM CDT
Shares of FirstEnergy (NYSE:FE) have bearishly opened below the pivot of $33.97 today and have reached the first support level of $33.75. Should the shares continue to fall, the support pivots of $33.53 and $33.09 will be of interest.
FE: 33.70 (-0.55)
Davis-Besse Nuclear Power Station Returns to Service Following Refueling and Maintenance Outage
PR Newswire - Tue May 10, 9:00AM CDT
FirstEnergy Nuclear Operating Company (FENOC), a subsidiary of FirstEnergy Corp. (NYSE: FE), announced its Davis-Besse Nuclear Power Station in Oak Harbor, Ohio, returned to service at 11:07 p.m. on May 9, 2016, following a March 26 shutdown for refueling and maintenance. The 908-megawatt plant is currently operating at approximately 45 percent power and is expected to reach full power in the next week.
FE: 33.70 (-0.55)
Brookfield (BIP) Lags Q1 Earnings Estimates, Revenues Down
Zacks Equity Research - Zacks Investment Research - Fri May 06, 9:42AM CDT
Brookfield Infrastructure Partners' (BIP) first-quarter earnings per unit of 25 cents lagged the Zacks Consensus Estimates of 98 cents by 75.5%.
AEP: 66.85 (-0.11), FE: 33.70 (-0.55), BIP: 45.10 (-0.05), DTE: 93.91 (-0.14)