Investor’s Delight: Firstenergy Corp. (FE) Closes Weak at 39.44, Down -1.91

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The closing price of Firstenergy Corp. (NYSE: FE) was $39.44 for the day, down -1.91% from the previous closing price of $40.21. In other words, the price has decreased by -$1.91 from its previous closing price. On the day, 1.91 million shares were traded. FE stock price reached its highest trading level at $40.145 during the session, while it also had its lowest trading level at $39.41.


Our analysis of FE’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.56 and its Current Ratio is at 0.65. In the meantime, Its Debt-to-Equity ratio is 1.98 whereas as Long-Term Debt/Eq ratio is at 1.75.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on April 10, 2024, initiated with a Buy rating and assigned the stock a target price of $45.

On August 23, 2023, Barclays started tracking the stock assigning a Equal Weight rating and target price of $37.

UBS Downgraded its Buy to Neutral on August 07, 2023, whereas the target price for the stock was revised from $45 to $40.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 27 ’23 when Walker Christine sold 12,500 shares for $37.58 per share. The transaction valued at 469,781 led to the insider holds 36,959 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FE now has a Market Capitalization of 22698350592 and an Enterprise Value of 47541370880. As of this moment, Firstenergy’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.32, and their Forward P/E ratio for the next fiscal year is 13.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.76 while its Price-to-Book (P/B) ratio in mrq is 1.83. Its current Enterprise Value per Revenue stands at 3.731 whereas that against EBITDA is 12.557.

Stock Price History:

Over the past 52 weeks, FE has reached a high of $40.65, while it has fallen to a 52-week low of $32.18. The 50-Day Moving Average of the stock is 1.64%, while the 200-Day Moving Average is calculated to be 6.20%.

Shares Statistics:

FE traded an average of 2.65M shares per day over the past three months and 2400180 shares per day over the past ten days. A total of 575.52M shares are outstanding, with a floating share count of 574.66M. Insiders hold about 0.15% of the company’s shares, while institutions hold 90.92% stake in the company. Shares short for FE as of 1715731200 were 12504199 with a Short Ratio of 4.72, compared to 1713139200 on 12110711. Therefore, it implies a Short% of Shares Outstanding of 12504199 and a Short% of Float of 2.8299998.

Dividends & Splits

With its trailing 12-month dividend rate of 1.6, FE has a forward annual dividend rate of 1.63. Against a Trailing Annual Dividend Yield of 0.0397911The stock’s 5-year Average Dividend Yield is 4.07.

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