FirstEnergy Corp. [NYSE: FE] stock went on an upward path that rose over 1.49% on Thursday, amounting to a one-week price increase of more than 5.47%. The company report on January 15, 2021 that FirstEnergy Receives Industry Recognition for Outage Restoration Efforts.
Company recognized for both assistance and recovery during 2020 restoration events.
For the 15th consecutive year, FirstEnergy Corp. (NYSE: FE) has earned recognition for its emergency response efforts from the Edison Electric Institute (EEI), a leading electric industry organization. FirstEnergy earned both the “Emergency Recovery Award” for safely and efficiently restoring service to more than 800,000 of its New Jersey and Pennsylvania customers following Tropical Storm Isaias and the “Emergency Assistance Award” for its efforts to help Entergy with restoration efforts in Texas and Louisiana following Hurricane Laura, both of which occurred in August 2020.
Over the last 12 months, FE stock dropped by -35.50%. The one-year FirstEnergy Corp. stock forecast points to a potential upside of 13.43. The average equity rating for FE stock is currently 2.60, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $16.80 billion, with 542.00 million shares outstanding and 541.21 million shares in the current float. Compared to the average trading volume of 6.52M shares, FE stock reached a trading volume of 4645101 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on FirstEnergy Corp. [FE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FE shares is $36.10 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FE stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for FirstEnergy Corp. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on January 06, 2021. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $40 to $31. The new note on the price target was released on December 01, 2020, representing the official price target for FirstEnergy Corp. stock. Previously, the target price had yet another raise to $30, while BofA Securities analysts kept a Neutral rating on FE stock. On September 03, 2020, analysts increased their price target for FE shares from 36 to 37.
The Average True Range (ATR) for FirstEnergy Corp. is set at 0.74, with the Price to Sales ratio for FE stock in the period of the last 12 months amounting to 1.54. The Price to Book ratio for the last quarter was 2.36, with the Price to Cash per share for the same quarter was set at 0.48.
FE Stock Performance Analysis:
FirstEnergy Corp. [FE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.47. With this latest performance, FE shares gained by 2.97% in over the last four-week period, additionally sinking by -24.32% over the last 6 months – not to mention a drop of -35.50% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FE stock in for the last two-week period is set at 61.51, with the RSI for the last a single of trading hit 66.34, and the three-weeks RSI is set at 58.38 for FirstEnergy Corp. [FE]. The present Moving Average for the last 50 days of trading for this stock 29.38, while it was recorded at 30.53 for the last single week of trading, and 34.01 for the last 200 days.
Insight into FirstEnergy Corp. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and FirstEnergy Corp. [FE] shares currently have an operating margin of +22.75 and a Gross Margin at +31.88. FirstEnergy Corp.’s Net Margin is presently recorded at +8.19.
Return on Total Capital for FE is now 9.20, given the latest momentum, and Return on Invested Capital for the company is 3.52. Return on Equity for this stock inclined to 13.11, with Return on Assets sitting at 2.20. When it comes to the capital structure of this company, FirstEnergy Corp. [FE] has a Total Debt to Total Equity ratio set at 304.96. Additionally, FE Total Debt to Total Capital is recorded at 75.31, with Total Debt to Total Assets ending up at 50.28. Long-Term Debt to Equity for the company is recorded at 284.72, with the Long-Term Debt to Total Capital now at 70.31.
Reflecting on the efficiency of the workforce at the company, FirstEnergy Corp. [FE] managed to generate an average of $73,400 per employee. Receivables Turnover for the company is 7.87 with a Total Asset Turnover recorded at a value of 0.27.FirstEnergy Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.70.
FE Stock EPS
With the latest financial reports released by the company, FirstEnergy Corp. posted 0.55/share EPS, while the average EPS was predicted by analysts to be reported at 0.5/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 10.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for FirstEnergy Corp. go to -2.40%.
FirstEnergy Corp. [FE] Insider Position Details
There are presently around $13,742 million, or 81.40% of FE stock, in the hands of institutional investors. The top three institutional holders of FE stocks are: VANGUARD GROUP INC with ownership of 64,135,197, which is approximately -3.882% of the company’s market cap and around 0.25% of the total institutional ownership; STATE STREET CORP, holding 38,857,508 shares of the stock with an approximate value of $1.21 billion in FE stocks shares; and BLACKROCK INC., currently with $1.19 billion in FE stock with ownership of nearly -33.334% of the company’s market capitalization.
Positions in FirstEnergy Corp. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 322 institutional holders increased their position in FirstEnergy Corp. [NYSE:FE] by around 93,687,484 shares. Additionally, 358 investors decreased positions by around 115,203,079 shares, while 73 investors held positions by with 230,852,049 shares. The mentioned changes placed institutional holdings at 439,742,612 shares, according to the latest SEC report filing. FE stock had 119 new institutional investments in for a total of 41,478,536 shares, while 140 institutional investors sold positions of 19,148,354 shares during the same period.