Firstenergy Corp (NYSE: FE) is -2.69% 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 $39.37 in the last trading session, with the day’s loss setting it -0.66%.
Currently trading at $38.71, the stock is -2.06% and -3.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.08 million and changing -1.68% at the moment leaves the stock -5.90% off its SMA200. FE registered 1.15% gain for a year compared to 6-month loss of -10.85%. The firm has a 50-day simple moving average (SMA 50) of $39.9412 and a 200-day simple moving average (SMA200) of $41.13705.
The stock witnessed a 0.39% gain in the last 1 month and extending the period to 3 months gives it a -3.03%, and is -4.23% 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 2.60% over the week and 2.18% over the month.
Firstenergy Corp (FE) has around 12294 employees, a market worth around $22.34B and $13.47B in sales. Current P/E ratio is 22.82 and Fwd P/E is 14.00. Profit margin for the company is 7.26%. Distance from 52-week low is 5.16% and -13.92% from its 52-week high. The company has generated returns on investments over the last 12 months (2.78%).
The EPS is expected to shrink by -1.62% this year.
Firstenergy Corp (FE) Top Institutional Holders
1075.0 institutions hold shares in Firstenergy Corp (FE), with institutional investors hold 91.41% of the company’s shares. The shares outstanding are 576.61M, and float is at 575.74M with Short Float at 2.15%. Institutions hold 91.29% 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 7.4819% 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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