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Enter Symbol:
 
Firstenergy Corporation (FE) [hlAlert]

Rating:
Outperform
FE
up 0.37 %

Firstenergy Corporation (FE) upgraded to Outperform by Wells Fargo

Posted on: Friday,  Dec 27, 2013  8:25 AM ET by Wells Fargo

Wells Fargo rated Outperform Firstenergy Corporation (NYSE: FE) on 12/27/2013, when the stock price was $32.39. Since
then, Firstenergy Corporation has gained 0.37% as of 12/02/2015's recent price of $32.51.
If you would have followed this Wells Fargo's recommendation on FE, you would have gained 0.37% of your investment in 705 days.

FirstEnergy Corp. (FirstEnergy) is principally a holding company that holds, directly or indirectly, eight principal electric utility operating subsidiaries: Ohio Edison Company (OE), The Cleveland Electric Illuminating Company (CEI), The Toledo Edison Company (TE), Pennsylvania Power Company (Penn), American Transmission Systems, Inc. (ATSI), Jersey Central Power & Light Company (JCP&L), Metropolitan Edison Company (Met-Ed) and Pennsylvania Electric Company (Penelec). Its revenues are primarily derived from electric service provided by its utility operating subsidiaries and the revenues of its other principal subsidiary, FirstEnergy Solutions Corp. (FES). In addition, FirstEnergy holds other direct subsidiaries, including FirstEnergy Properties, Inc., FirstEnergy Ventures Corp., FirstEnergy Nuclear Operating Company (FENOC), FirstEnergy Securities Transfer Company, GPU Diversified Holdings, LLC, GPU Telecom Services, Inc., GPU Nuclear, Inc. and FirstEnergy Service Company (FESC).

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/27/2013 8:25 AM Buy
None
32.39
as of 8/27/2015
1 Week down  -5.43 %
1 Month down  -2.28 %
3 Months down  -6.98 %
1 YTD down  -1.42 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/7/2013 8:25 AM Hold
None
37.45

(*) Stock Price at the time of the recommendation.
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