Firstenergy Corp (NYSE: FE) is -1.96% lower on its value in year-to-date trading and has touched a low of $36.81 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 $39.56 in the last trading session, with the day’s loss setting it -0.56%.
Currently trading at $39.00, the stock is -1.45% and -2.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.7 million and changing -1.42% at the moment leaves the stock -5.09% off its SMA200. FE registered 1.93% gain for a year compared to 6-month loss of -9.78%. The firm has a 50-day simple moving average (SMA 50) of $39.8952 and a 200-day simple moving average (SMA200) of $41.0928.
The stock witnessed a -7.78% gain in the last 1 month and extending the period to 3 months gives it a -0.36%, and is -2.08% 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 1.38% over the week and 2.27% over the month.
Firstenergy Corp (FE) has around 12294 employees, a market worth around $22.49B and $13.47B in sales. Current P/E ratio is 22.99 and Fwd P/E is 13.93. Profit margin for the company is 7.26%. Distance from 52-week low is 5.95% and -13.28% 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 0.37% this year, but quarterly earnings will post 7.16% year-over-year. Quarterly sales are estimated to grow 11.92% in year-over-year returns.
Firstenergy Corp (FE) Top Institutional Holders
1086.0 institutions hold shares in Firstenergy Corp (FE), with institutional investors hold 91.49% of the company’s shares. The shares outstanding are 576.61M, and float is at 575.74M with Short Float at 2.24%. Institutions hold 91.37% 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 13.5722% 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
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