Currently, there are 574.34M common shares owned by the public and among those 573.71M shares have been available to trade.
Insiders at the company have transacted a total of 9 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 7 of these insider trades were purchases, accounting for 275,249 shares. Insider sales of the common stock occurred on 2 occasions, with total insider shares sold totaling 45,181 shares.
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The company’s stock has a 5-day price change of -2.41% and -1.30% over the past three months. FE shares are trading -0.44% year to date (YTD), with the 12-month market performance down to -5.78% lower. It has a 12-month low price of $32.18 and touched a high of $41.99 over the same period. FE has an average intraday trading volume of 3.92 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.07%, -1.41%, and -1.50% respectively.
Institutional ownership of Firstenergy Corp. (NYSE: FE) shares accounts for 89.84% of the company’s 574.34M shares outstanding.
It has a market capitalization of $20.97B and a beta (3y monthly) value of 0.47. The stock’s trailing 12-month PE ratio is 19.00, while the earnings-per-share (ttm) stands at $1.92. The company has a PEG of 3.02 and a Quick Ratio of 0.38 with the debt-to-equity ratio at 2.41. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.58% over the week and 1.74% over the month.
Analysts forecast that Firstenergy Corp. (FE) will achieve an EPS of $0.63 for the current quarter, $0.55 for the next quarter and $2.85 for 2025. The lowest estimate earnings-per-share for the quarter is $0.53 while analysts give the company a high EPS estimate of $0.81. Comparatively, EPS for the current quarter was $0.6 a year ago. Earnings per share for the fiscal year are expected to increase by 4.96%, and 6.18% over the next financial year. EPS should shrink at an annualized rate of 6.30% over the next five years, compared to 11.68% over the past 5-year period.
Looking at the support for the FE, a number of firms have released research notes about the stock. Barclays stated their Equal Weight rating for the stock in a research note on August 23, 2023, with the firm’s price target at $37. UBS coverage for the Firstenergy Corp. (FE) stock in a research note released on August 07, 2023 offered a Neutral rating with a price target of $40. Guggenheim was of a view on January 23, 2023 that the stock is Buy, while BofA Securities gave the stock Underperform rating on January 23, 2023, issuing a price target of $41- $38. BofA Securities on their part issued Neutral rating on May 16, 2022.
