Firstenergy Corp. (NYSE: FE) is 20.10% higher on its value in year-to-date trading and has touched a low of $32.18 and a high of $44.97 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FE stock was last observed hovering at around $44.00 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $44.03, the stock is 0.21% and 3.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.19 million and changing 0.07% at the moment leaves the stock 12.61% off its SMA200. FE registered 21.63% gain for a year compared to 6-month gain of 15.23%.
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The stock witnessed a 1.92% loss in the last 1 month and extending the period to 3 months gives it a 14.36%, and is -0.70% down 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 1.48% over the week and 1.25% over the month.
Firstenergy Corp. (FE) has around 12042 employees, a market worth around $25.36B and $13.20B in sales. Current P/E ratio is 28.99 and Fwd P/E is 15.24. Profit margin for the company is 6.61%. Distance from 52-week low is 36.82% and -2.09% from its 52-week high. The company has generated returns on investments over the last 12 months (2.62%).
The EPS is expected to grow by 5.59% this year.
Firstenergy Corp. (FE) Top Institutional Holders
993.0 institutions hold shares in Firstenergy Corp. (FE), with institutional investors hold 91.15% of the company’s shares. The shares outstanding are 575.92M, and float is at 575.08M with Short Float at 1.96%. Institutions hold 91.04% of the Float.
The top institutional shareholder in the company is CAPITAL WORLD INVESTORS with over 78.04 million shares valued at $2.99 billion. The investor’s holdings represent 13.5958% of the FE Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 64.88 million shares valued at $2.48 billion to account for 11.3025 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 43.02 million shares representing 7.4949% and valued at over $1.65 billion, while STATE STREET CORP holds 6.5973 of the shares totaling 37.87 million with a market value of $1.45 billion.
Firstenergy Corp. (FE) Insider Activity
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Firstenergy Corp. disclosed in a document filed with the SEC on Nov 27 ’23 that Walker Christine (SVP, CHRO & Corporate Services) sold a total of 12,500 shares of the company’s common stock. The trade occurred on Nov 27 ’23 and was made at $37.58 per share for $0.47 million. Following the transaction, the insider now directly holds 36959.0 shares of the FE stock.
