GIC Private Ltd. Discloses 6.0% Stake in FirstEnergy Corp.

TL;DR

**GIC Private Ltd. owns 6.0% of FirstEnergy, a significant institutional stake.**

AI Summary

GIC Private Limited, a Singaporean sovereign wealth fund, filed an amended SC 13G/A on February 9, 2024, indicating its ownership in FirstEnergy Corp. As of December 31, 2023, GIC Private Limited reported beneficial ownership of 34,184,378 shares of FirstEnergy's Common Stock, representing 6.0% of the company. This filing updates their previous disclosure and signals a significant, but not controlling, stake in the electric services company, which could influence future strategic decisions or provide a stable institutional backing for FirstEnergy's stock.

Why It Matters

This filing shows a major institutional investor, GIC Private Limited, holds a substantial 6.0% stake in FirstEnergy, which can signal confidence in the company's long-term prospects and potentially influence its stock stability.

Risk Assessment

Risk Level: low — This filing indicates a stable, long-term institutional investment, which generally reduces volatility and risk for other shareholders.

Analyst Insight

Investors should note the stable, long-term institutional interest in FirstEnergy Corp from GIC Private Limited, which could provide a floor for the stock price and signal confidence in the company's fundamentals.

Key Numbers

• 34,184,378 — Shares Beneficially Owned (This is the total number of FirstEnergy shares GIC Private Limited reported owning as of December 31, 2023.)
• 6.0% — Percentage of Class (This represents the significant portion of FirstEnergy's common stock that GIC Private Limited controls, indicating a substantial institutional investment.)

Key Players & Entities

• GIC Private Limited (company) — the reporting person and beneficial owner of FirstEnergy shares
• FirstEnergy Corp (company) — the subject company whose shares are being reported
• 34,184,378 (dollar_amount) — the number of shares beneficially owned by GIC Private Limited
• 6.0% (dollar_amount) — the percentage of FirstEnergy's class of securities beneficially owned by GIC Private Limited
• December 31, 2023 (date) — the date of the event which required the filing of this statement

Forward-Looking Statements

• GIC Private Limited will maintain its significant stake in FirstEnergy Corp for the foreseeable future. (GIC Private Limited) — high confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.10 — y Corp (Name of Issuer) Common Stock, $0.10 par value (Title of Class of Securitie

Filing Documents

• ef20021206_sc13ga.htm (SC 13G/A) — 57KB
• 0001140361-24-006598.txt ( ) — 59KB

(a)

Item 1(a) Name of Issuer FirstEnergy Corp

(b)

Item 1(b) Address of Issuer's Principal Executive Offices 76 South Main Street Akron, OH, 44308

(a)

Item 2(a) Name of Persons Filing GIC Private Limited ("GIC")

(b)

Item 2(b) Address of Principal Business Office or, if none, Residence 168 Robinson Road #37-01 Capital Tower Singapore 068912

(c)

Item 2(c) Citizenship GIC Private Limited – Republic of Singapore

(d)

Item 2(d) Title of Class of Securities Common Stock, $0.10 par value

(e)

Item 2(e) CUSIP Number 337932107 I tem 3 If this statement is filed pursuant to 240.13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: Not applicable. Item 4 (a - c) The aggregate number of securities and percentage of the class of securities of the Issuer beneficially owned by the Reporting Person named in Item 2(a), as well as the number of securities as to which such person is deemed to have sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, shared power to dispose or direct the disposition, is set forth in the following tables: Reporting Person No. of Securities Beneficially Owned Percent of Class (3) Voting Power Dispositive Power Sole (1), (2) Shared (1), (2) Sole (1), (2) Shared (1), (2) GIC Private Limited 36,600,157 6.38% 33,134,602 3,465,555 33,134,602 3,465,555 (1) GIC is a fund manager and only has 2 clients – the Government of Singapore ("GoS") and the Monetary Authority of Singapore ("MAS"). Under the investment management agreement with GoS, GIC has been given the sole discretion to exercise the voting rights attached to, and the disposition of, any shares managed on behalf of GoS. As such, GIC has the sole power to vote and power to dispose of the 33,134,602 securities beneficially owned by it. GIC shares power to vote and dispose of 3,465,555 securities beneficially owned by it with MAS. GIC is wholly-owned by the GoS and was set up with the sole purpose of managing Singapore's foreign reserves. The GoS disclaims beneficial ownership of such shares. (2) GIC disclaims membership in a group. (3) Based on 573,814,823 Common Stock, according to the Form 10-Q filed by the Issuer with the Securities and Exchange Commission (the "SEC") on October 26, 2023. SCHEDULE 13G CUSIP No. 337932107 Page 4 of 5 Pages Item 5 Not applicable. Item 6

View Full Filing

View this SC 13G/A filing on SEC EDGAR