Is FirstEnergy Corp. (FE) Good For Your Portfolio?

FirstEnergy Corp. (NYSE:FE) saw an upside of 0.45% to close Monday at $36.01 after adding $0.16 on the day. The 5-day average trading volume is 3,291,620 shares of the company’s common stock. It has gained $36.85 in the past week. An average of 3,047,190 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,960,384.

FE’s 1-month performance is -9.79% or -$3.58 on its low of $35.56 reached on 09/30/21. The company’s shares have touched a 52-week low of $26.17 and high of $39.94, with the stock’s rally to the 52-week high happening on 09/02/21. YTD, FE has achieved 17.64% or $5.40. However, the current price is down -9.84%% from the 52-week high price.

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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 439.70 and a low of 13.83. FE stock has a beta of 0.27. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.79 while the price-to-book (PB) in the most recent quarter is 2.64.

FirstEnergy Corp. pays an annual dividend of $1.56 per share. Its dividend yield is 4.33% and the payout ratio is 77.70%. FE paid $0.39 a share compared with prior rate of $0.39, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.01 reported on Friday November 8 2019. Measured over the last 3 years, the Dividend has been growing by 8.33% yearly.

It is projected that FirstEnergy Corp.’s next ex-dividend date will be on Corp. FE is expected to distribute $4-Nov-2021 as its next dividend.

FirstEnergy Corp.’s quick ratio for the period ended June 29 was 0.80, with the current ratio over the same period at 0.80 meaning that FE stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 3.10, while the total debt to equity was 3.26. In terms of profitability, the gross margin trailing 12 months is 75.00%The trailing 12-month EBITDA margin is 31.42% while for the period ending June 29; FirstEnergy Corp.’s operating margin was 17.70%. The firm’s gross profit as reported stood at $2.16 billion against revenue of $10.79 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected FE to announce $0.57 per share in earnings in its latest quarter, but it posted $0.59, representing a 3.50% surprise. EBITDA for the quarter stood at more than $689.0 million. FE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 36.93 billion, with total debt at $24.26 billion. Shareholders hold equity totaling $544.19 million

Technical Picture

Let’s look briefly at FirstEnergy Corp. (FE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 October was 32.93% to suggest the stock is trending Neutral, with historical volatility in this time period at 12.23%.

The stock’s 5-day moving average is $36.04, reflecting a -1.93% or -$0.71 change from its current price. FE is currently trading -9.04% above its 20-day SMA, -1.18% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -6.39% and +16.50% respectively.

Stochastic %K and %D was 10.84% and 8.59% and the average true range (ATR) pointed at 0.62. The RSI (14) points at 35.08%, while the 14-day stochastic is at 18.29% with the period’s ATR at 0.63. The stock’s 9-day MACD Oscillator is pointing at -0.55 and -0.77 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for FirstEnergy Corp. (NYSE: FE), KeyBanc Capital Markets upgraded it to an Overweight rating. They previously had a Sector weight rating on the stock. Analysts offering their rating for FE stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate FE as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 8 have offered a “buy” rating.

What is FE’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $40.00 and a high of $55.00, with their median price target at $42.00. Looking at these predictions, the average price target given by analysts is for FirstEnergy Corp. (FE) stock is $43.29.


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