Firstenergy Corp (NYSE: FE) is -0.43% lower on its value in year-to-date trading and has touched a low of $36.01 and a high of $44.97 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 $38.77 in the last trading session, with the day’s gains setting it 0.84%.
Currently trading at $39.61, the stock is -2.48% and -1.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.53 million and changing 2.17% at the moment leaves the stock -3.70% off its SMA200. FE registered 7.52% gain for a year compared to 6-month loss of -9.52%.
The stock witnessed a -0.28% gain in the last 1 month and extending the period to 3 months gives it a -6.32%, and is -7.63% 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 3.26% over the week and 2.07% over the month.
Firstenergy Corp (FE) has around 12294 employees, a market worth around $22.84B and $13.47B in sales. Current P/E ratio is 23.35 and Fwd P/E is 13.91. Profit margin for the company is 7.26%. Distance from 52-week low is 10.00% and -11.92% from its 52-week high. The company has generated returns on investments over the last 12 months (2.78%).
with sales reaching $3.68B over the same period.The EPS is expected to grow by 1.55% this year, but quarterly earnings will post 7.06% year-over-year. Quarterly sales are estimated to grow 11.92% in year-over-year returns.
Firstenergy Corp (FE) Top Institutional Holders
The shares outstanding are 576.61M, and float is at 575.86M with Short Float at 2.47%.
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 13.5722% 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 6.5858 of the shares totaling 37.87 million with a market value of $1.45 billion.
Firstenergy Corp (FE) Insider Activity
A total of 0 insider transactions have happened at Firstenergy Corp (FE) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Firstenergy Corp (FE): Who are the competitors?
The company’s main competitors (and peers) include NextEra Energy Inc. (NEE) that is trading 30.29% up over the past 12 months. Southern Co. (SO) that is 33.21% higher over the same period.
