Wednesday, October 02, 2013 12:03:45 PM
FE management has taken the appropriate steps to stabilize the business. "The stock has underperformed the UTY by 11.8% since we downgraded the stock in January. "Moody's concerns regarding FE competitive businesses have been resolved with the company raising $1.5 billion in proceeds from the Harrison asset transfer proceeding and the sale of hydro assets." More important, with FirstEnergy shares still off about 20% from their 52-week highs and boasting a juicy dividend yield of 6%, there might even be room to benefit from that derisking.
Dividend stocks can make you rich. It's as simple as that. While they don't garner the notoriety of high-flying growth stocks, they're also less likely to crash and burn. And over the long term, the compounding effect of the quarterly payouts, as well as their growth, adds up faster than most investors imagine.
Buy, Buy, Buy
Daybull
Recent FE News
- Northeast Ohio Balloon Festival Attendees Can Learn Important Electrical Safety Tips at Live Demo • PR Newswire (US) • 09/16/2024 06:33:00 PM
- Settlement Reached in FirstEnergy Pennsylvania's Rate Review that Supports Enhanced Service Reliability and Customer Assistance Programs • PR Newswire (US) • 09/16/2024 02:30:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/12/2024 09:19:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/12/2024 09:15:55 PM
- FirstEnergy Announces Settlement Agreement with U.S. Securities and Exchange Commission • PR Newswire (US) • 09/12/2024 09:13:00 PM
- Electric Vehicle Charging Incentives Available for Some N.J. Residents • PR Newswire (US) • 09/10/2024 04:09:00 PM
- New Transformer Installed and Energized in Downtown Lebanon Substation • PR Newswire (US) • 09/05/2024 06:00:00 PM
- Electric Grid Enhancements Coming for Northern and Central New Jerseyans • PR Newswire (US) • 09/03/2024 06:38:00 PM
- Work Underway to Enhance Electric Service Reliability for Residents and Businesses in Morgan County Area • PR Newswire (US) • 08/22/2024 06:40:00 PM
- Power System Upgrades Underway to Enhance Electric Service for West Virginia Residents and Businesses • PR Newswire (US) • 08/21/2024 06:45:00 PM
- JCP&L at Forefront of Protecting Endangered Species in New Jersey • PR Newswire (US) • 08/16/2024 06:23:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/13/2024 12:28:53 PM
- FirstEnergy Resolves Proceedings with Office of the Ohio Attorney General and Office of the Summit County Prosecutor • PR Newswire (US) • 08/13/2024 12:27:00 PM
- FirstEnergy Releases Community-Specific Estimated Restoration Times; Power Now Restored to Nearly 90% of Illuminating Company Customers Impacted by Historic Storm • PR Newswire (US) • 08/11/2024 03:57:00 PM
- Crews Make Progress Restoring Power to Customers Following Historic Storms • PR Newswire (US) • 08/10/2024 04:15:00 PM
- State Fair of West Virginia Visitors Can Learn Important Electrical Safety Tips at Live Demo • PR Newswire (US) • 08/09/2024 04:43:00 PM
- More Than 6,000 Workers Engaged in Restoring Power Around the Clock for Northeast Ohio Customers • PR Newswire (US) • 08/09/2024 02:54:00 PM
- Preparations Underway for Remnants of Tropical Storm Debby in FirstEnergy's Maryland, New Jersey, Pennsylvania and West Virginia Service Territories • PR Newswire (US) • 08/08/2024 06:08:00 PM
- Thousands of Personnel Engaged in FirstEnergy's Power Restoration Effort in Northeast Ohio • PR Newswire (US) • 08/08/2024 04:18:00 PM
- Crews Working 24/7 to Restore Power to FirstEnergy Customers Following Severe Thunderstorms • PR Newswire (US) • 08/07/2024 04:36:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/30/2024 08:53:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/30/2024 08:45:25 PM
- FirstEnergy Announces Second Quarter 2024 Financial Results • PR Newswire (US) • 07/30/2024 08:40:00 PM
- FirstEnergy Corp. Declares Common Stock Dividend of $0.425 Per Share • PR Newswire (US) • 07/24/2024 05:20:00 PM
- Smart Grid Enhancements Underway on Electric System in York and Adams Counties • PR Newswire (US) • 07/22/2024 05:05:00 PM
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