# FirstEnergy Corp. – Consensus ‘buy’ rating and 8.3% Upside Potential

- Link: https://www.directorstalkinterviews.com/firstenergy-corp.consensus-buy-rating-and-8.3-upside-potential-2/4121159788
- Published: 2024-06-11T13:15:35+01:00
- Author: Charlotte Edwards

**FirstEnergy Corp.** with ticker code (FE) have now 16 confirmed analysts covering
the stock with the consensus suggesting a rating of ‘buy’. The range between the
high target price and low target price is between $47.00 and $35.00 calculating 
the mean target price we have $42.04. Given that the stocks previous close was at
$38.82 this is indicating there is a potential upside of 8.3%. There is a 50 day
moving average of $38.87 and the 200 day MA is $37.20. The company has a market 
capitalization of 22.40B. The current share price for the company is: $38.93 USD

 The potential market cap would be $24,263,252,174 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 20.6, revenue per share of $22.22
and a 2.78% 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.

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