FirstEnergy's CEO Says He Would Be Shocked if FES Doesn't File for Bankruptcy by End of March
We are reaffirming our $40 per share fair value estimate and narrow moat rating after FirstEnergy announced solid 2017 earnings, earnings growth guidance through 2021, and a strong statement from its CEO giving us confidence of the pending separation from FirstEnergy Solutions, FES. Operating earnings in 2017 were $3.07 per share, $0.01 higher than our estimate and $0.05 above consensus.FirstEnergy established a 2018 operating earnings guidance range of $2.25-$2.55 per share, below our estimate...
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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