FirstEnergy Corporation (FE) : The consensus on FirstEnergy Corporation (FE) based on 11 analyst recommendation on the company stock is 2.32, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
FirstEnergy Corporation (FE) : 8 Wall Street analysts covering FirstEnergy Corporation (FE) believe that the average level the stock could reach for the short term is $36.88. The maximum price target given is $41 and the minimum target for short term is around $33, hence the standard deviation is calculated at $2.75.
Company shares have received an average consensus rating of Hold for the current week FirstEnergy Corporation (NYSE:FE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.73 and $32.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.88, notching a gain of 0.52% for the day. The total traded volume was 2,171,444 . The stock had closed at $32.71 on the previous day.
In a related news, Strah Steven E, officer (Sr VP & President FE Utilities) of Firstenergy Corp had purchased 560 shares on March 14, 2016 in a transaction. The price per share was $35.59 and the total amount of the disclosed transaction was $19,930.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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.