RBC Capital analyst Shelby Tucker maintained a Buy rating on FirstEnergy (FE – Research Report) on January 17 and set a price target of $49.00. The company’s shares closed yesterday at $42.12.
According to TipRanks, Tucker is a top 25 analyst with an average return of 12.6% and a 76.81% success rate. Tucker covers the Utilities sector, focusing on stocks such as American Electric Power, American Water, and Essential Utilities.
In addition to RBC Capital, FirstEnergy also received a Buy from KeyBanc’s Sophie Karp in a report issued on January 17. However, on January 9, Mizuho Securities maintained a Hold rating on FirstEnergy (NYSE: FE).
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FE market cap is currently $24.58B and has a P/E ratio of 19.59.
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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.
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