Short Term Price Target on FirstEnergy Corporation (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.

Shares of FirstEnergy Corp. rose by 5.28% in the last five trading days and 5.56% for the last 4 weeks. FirstEnergy Corp. has dropped 2.06% during the last 3-month period . Year-to-Date the stock performance stands at 12.44%. Also, Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of FirstEnergy Corporation (NYSE:FE). Barclays has a Equal-weight rating on the shares. As per the latest research report, the brokerage house raises the price target to $36 per share from a prior target of $33. The rating by the firm was issued on May 9, 2016.

FirstEnergy Corporation (NYSE:FE) : 11 analysts are covering FirstEnergy Corporation (NYSE:FE) and their average rating on the stock is 2.45, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

FirstEnergy Corporation (NYSE:FE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.21 and $33.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.91, notching a gain of 2.11% for the day. The total traded volume was 4,170,027 . The stock had closed at $34.19 on the previous day.

In an insider trading activity, Strah Steven E, officer (Sr VP & President FE Utilities) of Firstenergy Corp, executed a transaction worth $19,930 on March 14, 2016. A total of 560 shares were purchased at an average price of $35.59. The Insider information was divulged by the Securities and Exchange Commission 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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