Barclays PLC upgraded FirstEnergy Corp. (NYSE:FE) to Overweight in a report released today.
- Updated: October 12, 2016
Yesterday FirstEnergy Corp. (NYSE:FE) traded 0.45% higher at $31.36. The company’s 50-day moving average is $32.85 and its 200-day moving average is $33.85. The last stock close price is down -7.35% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 13,766,463 shares of the stock were exchanged, up from an average trading volume of 3,796,980
Barclays PLC has upgraded FirstEnergy Corp. (NYSE:FE) to Overweight in a report released on 10/13/2016.
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FirstEnergy Corp. has a 52 week low of $28.89 and a 52 week high of $36.60 The company’s market cap is currently $0.
In addition to Barclays PLC reporting its target price, a total of 16 firms have reported on the stock. The consensus target price is $35.63 with 4 firms rating the stock a strong buy, 4 firms rating the stock a buy, 11 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.
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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