# FirstEnergy Corp. – Consensus ‘buy’ rating and 9.9% Upside Potential

- Link: https://www.directorstalkinterviews.com/firstenergy-corp.consensus-buy-rating-and-9.9-upside-potential/4121160860
- Published: 2024-06-19T14:41:33+01:00
- Author: Charlotte Edwards

**FirstEnergy Corp.** with ticker code (FE) now have 16 analysts in total covering
the stock. The consensus rating is pointing to ‘buy’. The range between the high
target price and low target price is between $47.00 and $35.00 calculating the average
target price we see $42.04. Given that the stocks previous close was at $38.24 this
would indicate that there is a potential upside of 9.9%. Also worth taking note 
is the 50 day moving average now sits at $38.90 and the 200 moving average now moves
to $37.27. The company has a market cap of 21.97B. The stock price is currently 
at: $38.17 USD

 The potential market cap would be $24,150,403,518 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 20.2, 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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