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AI Research

FirstEnergy Restores Power After Windstorm → Quarterly Dividend Raised 4.5% to $0.465/Share

FirstEnergy rapidly restored power to hundreds of thousands of customers following a major windstorm across its Ohio, Pennsylvania, and New Jersey service territories, demonstrating improved grid resilience from recent infrastructure investments, while raising its quarterly dividend 4.5% to $0.465 per share. Analyst consensus holds a Hold rating reflecting the utility's ongoing regulatory relationships and transmission-focused growth strategy following the 2021 bribery scandal resolution. Risks include ongoing Ohio regulatory scrutiny following the bribery settlement, transmission investment regulatory recovery uncertainty, and potential storm damage liabilities from extreme weather events.