FirstEnergy Corp. (NYSE:FE) traded at a new 52-week high today of $45.20. So far today approximately 1 million shares have been exchanged, as compared to an average 30-day volume of 5.2 million shares.
FirstEnergy is one of the largest investor-owned utilities in the United States with 10 regulated distribution companies across six mid-Atlantic and Midwestern states. FirstEnergy also owns and operates one of the nation’s largest electric transmission systems with 24,000 miles of lines.
Over the past year, FirstEnergy Corp. has traded in a range of $34.05 to $45.20 and is now at $45.09, 32% above that low.
FirstEnergy Corp. (NYSE:FE) defies analysts with a current price ($45.09) 0.6% above its average consensus price target of $44.84.
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