FirstEnergy Corp. with ticker code (FE) have now 14 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The target price High/Low ranges between $47.00 and $30.00 calculating the average target price we see $40.64. Given that the stocks previous close was at $37.40 this indicates there is a potential upside of 8.7%. It’s also worth noting that there is a 50 day moving average of $37.09 and the 200 day moving average is $37.11. The company has a market cap of 20.96B. The stock price is currently at: $36.48 USD
The potential market cap would be $22,771,014,795 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 18.61, revenue per share of $22.14 and a 2.76% return on assets.
FirstEnergy Corp (FirstEnergy) and its subsidiaries are principally involved in the transmission, distribution, and generation of electricity. The Company operates through two segments: Regulated Distribution and Regulated Transmission segments. The Regulated Distribution distributes electricity through FirstEnergy’s ten utility operating companies, serving customers Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York, and purchases power for its POLR, SOS, SSO and default service requirements in Ohio, Pennsylvania, New Jersey, and Maryland. This segment also controls approximately 3,580 megawatts (MWs) of regulated electric generation capacity located primarily in West Virginia and Virginia. The Regulated Transmission provides transmission infrastructure owned and operated by the Transmission Companies and certain of FirstEnergy’s utilities (JCP&L, MP, PE and WP) to transmit electricity from generation sources to distribution facilities.
