Firstenergy Corp. (NYSE:FE) shares traded 0.34% higher at $38.27 on Wall Street last session.
FE stock price is now 2.45% away from the 50-day moving average and 3.29% away from the 200-day moving average. The market capitalization of the company currently stands at $21.98B.
With the price target of $37, Barclays recently initiated with Equal Weight rating for Firstenergy Corp. (NYSE: FE). On August 07, 2023, UBS Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $45 to quote $40, while ‘Guggenheim’ rates the stock as ‘Buy’
In other news, Walker Christine, SVP, CHRO & Corporate Services sold 12,500 shares of the company’s stock on Nov 27 ’23. The stock was sold for $469,781 at an average price of $37.58. Upon completion of the transaction, the SVP, CHRO & Corporate Services now directly owns 36,959 shares in the company, valued at $1.41 million. A total of 0.17% of the company’s stock is owned by insiders.
During the past 12 months, Firstenergy Corp. has had a low of $32.18 and a high of $41.99. As of last week, the company has a debt-to-equity ratio of 2.41, a current ratio of 0.48, and a quick ratio of 0.38. According to the stock market information, the enterprise value for the company is $46.76B, which is based on a 19.93 price-to-earnings ratio, a 3.16 price-to-earnings-growth ratio, and a beta of 0.48. The fifty day moving average price for FE is $37.36 and a two-hundred day moving average price translates $37.05 for the stock.
The latest earnings results from Firstenergy Corp. (NYSE: FE) was released for Dec, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.62, beating analysts’ expectations of $0.59 by 0.03. This compares to -$0.70 EPS in the same period last year. The net profit margin was 8.56% and return on equity was 10.90% for FE. The company reported revenue of $3.15 billion for the quarter, compared to $3.18 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.98 percent. For the current quarter, analysts expect FE to generate $3.25B in revenue.
