Tudor Pickering downgraded FirstEnergy (NYSE:FE) from Hold to Sell in a report released today.
- Updated: October 19, 2016
Tudor Pickering has downgraded FirstEnergy (NYSE:FE) from Hold to Sell in a report released on 10/19/2016.
Just yesterday FirstEnergy (NYSE:FE) traded 0.08% higher at $33.16. FirstEnergy’s 50-day moving average is $32.78 and its 200-day moving average is $33.72. The last closing price is down -1.59% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,762,593 shares of FE traded hands, down from an average trading volume of 3,936,940
Recent Performance Chart
FirstEnergy has 52 week low of $28.89 and a 52 week high of $36.60 and has a market capitalization of $0.
In addition to Tudor Pickering reporting its stock price target, a total of 16 brokers have issued a research note on the company. The average stock price target is $35.63 with 4 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 11 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
Brief Synopsis On FirstEnergy (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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