RBC Capital analyst Shelby Tucker maintained a Buy rating on FirstEnergy (FE – Research Report) on April 29 and set a price target of $43.00. The company’s shares closed yesterday at $38.34.
According to TipRanks, Tucker is a 5-star analyst with an average return of 8.9% and a 70.46% success rate. Tucker covers the Utilities sector, focusing on stocks such as CMS Energy, Entergy, and FirstEnergy.
FirstEnergy has an analyst consensus of Moderate Buy, with a price target consensus of $40.56.
The company has a one-year high of $39.41 and a one-year low of $31.46. Currently, FirstEnergy has an average volume of 3.08M.
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FirstEnergy (FE) Company Description:
FirstEnergy Corp. engages in the generation, transmission and distribution of electricity as well as energy management and other energy-related services through its subsidiaries. It operates through the following business segments: Regulated Distribution, Regulated Transmission and Corporate. The Regulated Distribution segment distributes electricity through FirstEnergy’s utility operating companies, serving various customers. The Regulated Transmission segment transmits electricity through transmission facilities owned and operated by FirstEnergy’s utilities and the regulatory assets. The Corporate segment reflects corporate support not charged to FE’s subsidiaries, interest expense on FE’s holding company debt and other businesses that do not constitute an operating segment. FirstEnergy was founded in 1996 and is headquartered in Akron, OH.
