Price Target Update on FirstEnergy Corporation (NYSE:FE)

FirstEnergy Corporation (NYSE:FE) : The consensus price target for FirstEnergy Corporation (NYSE:FE) is $35.75 for the short term with a standard deviation of $1.91. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $38, however, the pessimist price target for the company is $33.

Other Equity analysts have also commented on the company shares. Barclays maintains its rating on FirstEnergy Corporation (NYSE:FE). The global brokerage major raises the current price target from $33 per share to $36 per share. Analysts at the Barclays have a current rating of Equal-weight on the shares. The rating by the firm was issued on May 9, 2016.

FirstEnergy Corporation (NYSE:FE): stock turned positive on Thursday. Though the stock opened at $33.14, the bulls momentum made the stock top out at $33.24 level for the day. The stock recorded a low of $32.84 and closed the trading day at $33.16, in the green by 0.36%. The total traded volume for the day was 4,121,825. The stock had closed at $33.04 in the previous days trading.

The company shares have rallied 0.55% from its 1 Year high price. On Mar 30, 2016, the shares registered one year high at $36.54 and the one year low was seen on Nov 9, 2015. The 50-Day Moving Average price is $33.31 and the 200 Day Moving Average price is recorded at $33.50. On the companys insider trading activities, Strah Steven E, officer (Sr VP & President FE Utilities) of Firstenergy Corp, had purchased 560 shares on March 14, 2016. The total value of the transaction was $19,930. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

FirstEnergy Corp. is a holding company. The Company operates through three segments: Regulated Distribution, Regulated Transmission and Competitive Energy Services (CES). The Regulated Distribution segment distributes electricity through its 10 utility operating companies, serving customers within 65,000 square miles of Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York. The Regulated Transmission segment transmits electricity through transmission facilities. The CES segment supplies electricity to end-use customers through retail and wholesale arrangements, including retail sales to customers in Ohio, Pennsylvania, Illinois, Michigan, New Jersey and Maryland. The Companys principal subsidiaries include Ohio Edison Company, The Cleveland Electric Illuminating Company, The Toledo Edison Company, Metropolitan Edison Company, Pennsylvania Electric Company, FirstEnergy Service Company, FirstEnergy Solutions Corp., Allegheny Energy Supply Company, LLC, among others.

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