Today, a Director at FirstEnergy (FE), Christopher D. Pappas, bought shares of FE for $123.4K.
Following this transaction Christopher D. Pappas’ holding in the company was increased by 18.31% to a total of $798.8K. Following Christopher D. Pappas’ last FE Buy transaction on January 03, 2013, the stock climbed by 9.6%.
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FE’s market cap is $21.78B and the company has a P/E ratio of 23.50. Currently, FirstEnergy has an average volume of 2.26M.
Starting in January 2019, FE received 10 Buy ratings in a row. Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $46.75, reflecting a 14.1% upside. Four different firms, including Morgan Stanley and Barclays, currently also have a Buy rating on the stock.
The insider sentiment on FirstEnergy has been negative according to 47 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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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 Competitive Energy Services.
