A statement released earlier today by Vetr Inc. about FirstEnergy Corp. (NYSE:FE) raises the target price to $35.82
- Updated: November 27, 2016
FirstEnergy Corp. (NYSE:FE) had its target price raised to $35.82 by Vetr Inc. in a report released Monday November 28, 2016. The new target price indicates a potential upside of 0.11% from the company's most recent stock price close.
On 11/15/2016, Vetr Inc. released a statement for FirstEnergy Corp. (NYSE:FE) bumped up the target price from $0.00 to $35.82 that suggested an upside of 0.12%.
Boasting a price of $32.14, FirstEnergy Corp. (NYSE:FE) traded 2.06% higher on the day. With the last stock price close down -3.81% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. FirstEnergy Corp. has recorded a 50-day average of $32.64 and a two hundred day average of $33.41. Volume of trade was down over the average, with 2,063,216 shares of FE changing hands under the typical 4,300,900
With a total market value of $0, FirstEnergy Corp. has with a one year low of $30.29 and a one year high of $36.60 .
A total of 16 equity analysts have released a ratings update on FE. Four equity analysts rating the company a strong buy, four equity analysts rating the company a buy, eleven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $35.63.
Brief Synopsis About FirstEnergy Corp. (NYSE:FE)
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 approximately 10 utility operating companies. The Regulated Transmission segment transmits electricity through transmission facilities. The CES segment primarily supplies electricity to end use customers through retail and wholesale arrangements. The Company and its subsidiaries are involved in the generation, transmission and distribution of electricity. Its approximately 10 utility operating companies comprise investor-owned electric systems, serving over six million customers in the Midwest and Mid-Atlantic regions. Its generation subsidiaries control approximately 17,000 megawatts of capacity from a diverse mix of non-emitting nuclear, scrubbed coal, natural gas, hydroelectric and other renewables.
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