FirstEnergy Corp
FE: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$92.00 | Wschmw | Jlysvzkym |
FirstEnergy Sells Additional 30% Interest in FirstEnergy Transmission for $3.5 Billion
We are reaffirming our $40 per share fair value estimate after FirstEnergy announced that it had sold an additional 30% interest in FirstEnergy Transmission, or FET, for $3.5 billion to Brookfield Super-Core Infrastructure Partners, bringing Brookfield's ownership to 49.9% after acquiring a 19.9% stake last year.