Bribery Investigation to Create Overhang on FirstEnergy (FE) - KeyBanc
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Guggenheim Downgrades FirstEnergy Corp. (FE) to Neutral; 'Optics Worsen as Additional Details on HB6 Scandal Emerge'
July 22, 2020 6:37 AM EDTGuggenheim analyst Shahriar Pourreza downgraded FirstEnergy Corp. (NYSE: FE) from Buy to Neutral with a price target of $36.00 (from $51.00), saying the optics worsen related to the emerging HB6 scandal.
The analyst commented, "Our initial take on the emerging HB6 scandal this morning following our... More
FirstEnergy (FE) received subpoenas in connection with investigation surrounding Ohio House Bill 6
July 21, 2020 4:19 PM EDTFirstEnergy Corp. (NYSE: FE) today issued the following statement:
This afternoon, FirstEnergy Corp. (NYSE: FE) received subpoenas in connection with the investigation surrounding Ohio House Bill 6. We are reviewing the details of the investigation and we intend to fully cooperate.
... More
FirstEnergy (FE) Halted on Circuit Breaker
July 21, 2020 3:02 PM EDTFirstEnergy (NYSE: FE) Halted on Circuit Breaker
... MoreUPDATE: FirstEnergy (FE) Extends Decline, Now Down 18%
July 21, 2020 3:00 PM EDT(Updated - July 21, 2020 3:02 PM EDT)
FirstEnergy (NYSE: FE) Extends Decline, Down 13.5%
Extends Decline, Now Down 18%... MoreFirstEnergy (FE) Readthrough 'Limited', Reaction 'Overdone' - Guggenheim
July 21, 2020 1:25 PM EDTGuggenheim analyst Shahriar Pourreza weighed in on FirstEnergy (NYSE: FE), saying the investigation readthrough is limited and the stock reaction is overdone with the current information.
The analyst commented, "While the arrest of lobbyists and Ohio House officials on bribery charges related to the... More
FirstEnergy (FE) Defended at Wells Fargo
July 21, 2020 1:11 PM EDTFirstEnergy (NYSE: FE) defended at Wells Fargo, calling the sell-off an overreaction.
... MoreFirstEnergy (FE) Declares $0.39 Quarterly Dividend; 4.1% Yield
July 21, 2020 12:09 PM EDTFirstEnergy (NYSE: FE) declared a quarterly dividend of $0.39 per share, or $1.56 annualized.
The dividend will be payable on September 1, 2020, to stockholders of record on August 7, 2020, with an ex-dividend date of August 6, 2020.
The annual yield on the dividend is 4.1 percent.
For a dividend... More
UPDATE: FirstEnergy (FE) Quickly Falls to Low
July 21, 2020 10:55 AM EDT(Updated - July 21, 2020 11:01 AM EDT)
FirstEnergy (NYSE: FE) Quickly Falls to Low
Reports suggest its lobbyist was among those arrested in Ohio, along with House Speaker Larry Householder related to $60 million bribery case tied to HB6 nuclear bailout.
... More