15 Best Electric Utility Stocks to Invest In Now

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13. FirstEnergy Corp. (NYSE:FE)

FirstEnergy Corp. (NYSE:FE) is among the Best Utility Stocks.

On February 20, 2026, Morgan Stanley raised FirstEnergy Corp. (NYSE:FE) price target to  $53 from $50  while keeping an Overweight rating. Morgan Stanley raised its price projections for North American Regulated and Diversified Utilities and IPPs. The firm observed that utilities fell behind the S&P in January. Morgan Stanley’s Q4 earnings preview predicts balanced debates about data center pipelines, taking into account affordability and political considerations.

On February 18, 2026, Reuters reported that FirstEnergy Corp. (NYSE:FE) disclosed a $36 billion capital expenditure plan for 2026-2030, including more than $19 billion for transmission. The announcement came after a 4.3% increase in full-year earnings due to rising energy rates. The corporation benefited from newly implemented Pennsylvania rates and increased distribution sales, which offset higher operating costs. The firm reported a 2025 profit of $1.02 billion, or $1.77 per share, up from $978 million, or $1.70 per share, the year before. Distribution division core earnings grew by $0.23 per share year on year. The company reiterated its 2026 EPS projection of $2.62 to $2.82 and announced $6 billion in 2026 investments.

FirstEnergy Corp. (NYSE:FE) generates, transmits, and distributes electricity, as well as provides energy management and other energy-related services. It operates in three business segments: regulated distribution, regulated transmission, and corporate or other.

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