Brokerage Firm Rating Update on FirstEnergy Corporation (FE)

FirstEnergy Corporation (FE) : 2 brokerage houses believe that FirstEnergy Corporation (FE) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on FirstEnergy Corporation (FE). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 2.45.

FirstEnergy Corporation (FE) : The consensus price target for FirstEnergy Corporation (FE) is $36.71 for the short term with a standard deviation of $2.93. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $41, however, the pessimist price target for the company is $33.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Morgan Stanley upgrades the rating on FirstEnergy Corporation (NYSE:FE). The brokerage firm has issued a Overweight rating on the shares. The shares were previously rated Equal-weight. The Analysts at the ratings agency raises the price target from $38 per share to $41 per share. The rating by the firm was issued on August 8, 2016.

FirstEnergy Corporation (NYSE:FE): The stock opened at $33.03 and touched an intraday high of $33.275 on Wednesday. During the day, the stock corrected to an intraday low of $32.83, however, the bulls stepped in and pushed the price higher to close in the green at $33.13 with a gain of 0.24% for the day. The total traded volume for the day was 2,237,858. The stock had closed at $33.05 in the previous trading session.

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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