Currently, there are 576.32M common shares owned by the public and among those 575.49M shares have been available to trade.
The company’s stock has a 5-day price change of -0.22% and -8.85% over the past three months. FE shares are trading 1.03% year to date (YTD), with the 12-month market performance up to 10.11% higher. It has a 12-month low price of $35.41 and touched a high of $44.97 over the same period. FE has an average intraday trading volume of 2.90 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 1.42%, -0.54%, and -1.74% respectively.
Institutional ownership of Firstenergy Corp (NYSE: FE) shares accounts for 89.07% of the company’s 576.32M shares outstanding.
It has a market capitalization of $23.16B and a beta (3y monthly) value of 0.51. The stock’s trailing 12-month PE ratio is 25.96, while the earnings-per-share (ttm) stands at $1.55. The company has a PEG of 4.04 and a Quick Ratio of 0.46 with the debt-to-equity ratio at 1.91. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.16% over the week and 1.61% over the month.
Earnings per share for the fiscal year are expected to increase by 4.11%, and 8.11% over the next financial year. EPS should shrink at an annualized rate of 6.43% over the next five years, compared to 11.68% over the past 5-year period.
Scotiabank coverage for the Firstenergy Corp (FE) stock in a research note released on December 12, 2024 offered a Sector Outperform rating with a price target of $50. Seaport Research Partners was of a view on October 31, 2024 that the stock is Neutral, while Jefferies gave the stock Hold rating on October 14, 2024, issuing a price target of $46. Argus on their part issued Buy rating on September 20, 2024.
