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FirstEnergy Corp. (FE) Is Now En Route to Higher Prices

FirstEnergy Corp. (NYSE: FE) is -6.56% lower on its value in year-to-date trading and has touched a low of $35.32 and a high of $48.85 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FE stock was last observed hovering at around $38.80 in the last trading session, with the day’s gains setting it 0.39% off its average median price target of $45.00 for the next 12 months. It is also 18.35% off the consensus price target high of $48.00 offered by 16 analysts, but current levels are -3.13% lower than the price target low of $38.00 for the same period.

Currently trading at $39.19, the stock is -1.35% and -3.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.44 million and changing 1.01% at the moment leaves the stock -1.26% off its SMA200. FE registered -10.87% loss for a year compared to 6-month loss of -6.15%.

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The stock witnessed a -1.78% gain in the last 1 month and extending the period to 3 months gives it a -5.52%, and is 0.08% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.97% over the week and 2.24% over the month.

FirstEnergy Corp. (FE) has around 12335 employees, a market worth around $23.05B and $12.46B in sales. Current P/E ratio is 55.28 and Fwd P/E is 14.66. Profit margin for the company is 3.30%. Distance from 52-week low is 10.96% and -19.77% from its 52-week high. The company has generated returns on investments over the last 12 months (2.50%).

FirstEnergy Corp. (FE) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for FirstEnergy Corp. (FE) is a “Overweight”. 16 analysts offering their recommendations for the stock have an average rating of 2.40, where 6 rate it as a Hold and 0 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

FirstEnergy Corp. is expected to release its quarterly report on 04/20/2023.The EPS is expected to shrink by -68.70% this year.

FirstEnergy Corp. (FE) Top Institutional Holders

The shares outstanding are 572.25M, and float is at 571.68M with Short Float at 1.69%.

FirstEnergy Corp. (FE) Insider Activity

A total of 7 insider transactions have happened at FirstEnergy Corp. (FE) in the last six months, with sales accounting for 1 and purchases happening 6 times.

FirstEnergy Corp. (FE): Who are the competitors?

The company’s main competitors (and peers) include NextEra Energy Inc. (NEE) that is trading -5.99% down over the past 12 months and The Southern Company (SO) that is -3.65% lower over the same period. Dominion Energy Inc. (D) is -33.49% down on the 1-year trading charts.

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