FirstEnergy Corp

FE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$67.00	Hwfwdzt	Nmbdtlxd

FirstEnergy Sells Additional 30% Interest in FirstEnergy Transmission for $3.5 Billion

Andrew Bischof

Feb 3, 2023

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.

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