FirstEnergy Corp. [FE] Stock trading around $36.92 per share: What’s Next?

FirstEnergy Corp. [NYSE: FE] stock went on a downward path that fall over -1.05% on Wednesday, amounting to a one-week price increase of more than 2.13%. The company report on October 19, 2022 that FirstEnergy to Donate, Plant Nearly 1,000 Trees at Cleveland Metroparks Euclid Creek Reservation in October.


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Company has donated nearly 5,000 trees to Cleveland Metroparks since 2021.

FirstEnergy Corp. (NYSE: FE) is coordinating with Cleveland Metroparks to donate and plant nearly 1,000 trees at the Euclid Creek Reservation this month. A variety of potted hardwood trees will be planted by employees of FirstEnergy during tree-planting events on Oct. 21 and Oct. 27. These events support the ongoing efforts to plant native trees within the 345-acre Euclid Creek Reservation, which is a popular attraction for hiking, fishing, biking and other recreational opportunities.

Over the last 12 months, FE stock rose by 0.14%. The one-year FirstEnergy Corp. stock forecast points to a potential upside of 18.26. The average equity rating for FE stock is currently 2.50, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $21.65 billion, with 571.40 million shares outstanding and 571.03 million shares in the current float. Compared to the average trading volume of 3.90M shares, FE stock reached a trading volume of 3150137 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 $45.17 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 2.50. 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.

BofA Securities have made an estimate for FirstEnergy Corp. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 16, 2022. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Outperform. The new note on the price target was released on April 26, 2022, representing the official price target for FirstEnergy Corp. stock. Previously, the target price had yet another raise from $40 to $46, while Evercore ISI kept a Outperform rating on FE stock.

The Average True Range (ATR) for FirstEnergy Corp. is set at 1.07, with the Price to Sales ratio for FE stock in the period of the last 12 months amounting to 1.87. The Price to Book ratio for the last quarter was 1.94, with the Price to Cash per share for the same quarter was set at 0.82.

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 2.13. With this latest performance, FE shares dropped by -10.78% in over the last four-week period, additionally sinking by -23.81% over the last 6 months – not to mention a rise of 0.14% 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 43.42, with the RSI for the last a single of trading hit 44.74, and the three-weeks RSI is set at 43.48 for FirstEnergy Corp. [FE]. The present Moving Average for the last 50 days of trading for this stock 39.47, while it was recorded at 36.89 for the last single week of trading, and 41.19 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 +16.59 and a Gross Margin at +26.23. FirstEnergy Corp.’s Net Margin is presently recorded at +11.13.

Return on Equity for this stock inclined to 15.57, with Return on Assets sitting at 2.76.

FirstEnergy Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.80.

FE Stock EPS

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 -2.42%.

FirstEnergy Corp. [FE] Insider Position Details

There are presently around $17,340 million, or 89.70% of FE stock, in the hands of institutional investors. The top three institutional holders of FE stocks are: VANGUARD GROUP INC with ownership of 67,258,314, which is approximately -1.402% of the company’s market cap and around 0.06% of the total institutional ownership; STATE STREET CORP, holding 45,132,285 shares of the stock with an approximate value of $1.67 billion in FE stocks shares; and BLACKROCK INC., currently with $1.66 billion in FE stock with ownership of nearly 6.403% of the company’s market capitalization.

Positions in FirstEnergy Corp. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 320 institutional holders increased their position in FirstEnergy Corp. [NYSE:FE] by around 32,397,132 shares. Additionally, 327 investors decreased positions by around 37,663,581 shares, while 131 investors held positions by with 399,612,968 shares. The mentioned changes placed institutional holdings at 469,673,681 shares, according to the latest SEC report filing. FE stock had 97 new institutional investments in for a total of 8,858,534 shares, while 92 institutional investors sold positions of 5,494,529 shares during the same period.

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