Currently, there are 575.52M common shares owned by the public and among those 574.67M shares have been available to trade.
However, the script later moved the day high at 41.90, up 0.67%. The company’s stock has a 5-day price change of 4.81% and 7.79% over the past three months. FE shares are trading 14.02% year to date (YTD), with the 12-month market performance up to 6.25% higher. It has a 12-month low price of $32.18 and touched a high of $41.59 over the same period. FE has an average intraday trading volume of 2.39 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 6.08%, 6.62%, and 10.63% respectively.
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Institutional ownership of Firstenergy Corp. (NYSE: FE) shares accounts for 92.07% of the company’s 575.52M shares outstanding.
It has a market capitalization of $24.06B and a beta (3y monthly) value of 0.47. The stock’s trailing 12-month PE ratio is 22.59, while the earnings-per-share (ttm) stands at $1.85. The company has a PEG of 3.59 and a Quick Ratio of 0.56 with the debt-to-equity ratio at 1.98. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.64% over the week and 1.34% over the month.
Earnings per share for the fiscal year are expected to increase by 5.36%, and 7.05% 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. Goldman stated their Buy rating for the stock in a research note on April 10, 2024, with the firm’s price target at $45. Barclays coverage for the Firstenergy Corp. (FE) stock in a research note released on August 23, 2023 offered a Equal Weight rating with a price target of $37. UBS was of a view on August 07, 2023 that the stock is Neutral, while Guggenheim gave the stock Buy rating on January 23, 2023, issuing a price target of $34- $46. BofA Securities on their part issued Underperform rating on January 23, 2023.
