FirstEnergy stock: buy or sell?

FE stock price: $45.00 -1.53% At close on August 23rd, 2019

Updated on:
August 23rd, 2019

5

FirstEnergy ended today at $45.00 and decreased a fateful -1.53%.

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments.

Should I buy FirstEnergy stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to choose your own trading plan that fits your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Check the only buy setup that matches with FirstEnergy stock now:

Buy setupElegible
New all-time highNo
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is FirstEnergy stock a buy?

Financial institutions and banks publish stock ratings everyday. At Stocks2.com, we collected 6 ratings published for FE stock in the last month.

The general sentiment of these ratings is bullish for FE stock, with 6 positive ratings.
Is FE a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-13Mizuhon/aBuy
2019-6-5KeyCorpOverweightOverweight
2019-4-5Morgan Stanleyn/aBuy
2019-3-28Bank of American/aBuy
2019-3-20BarclaysEqual WeightOverweight
2019-2-12Morgan StanleyOverweightOverweight

FirstEnergy stock analysis

Daily outlook

FirstEnergy shares decreased -1.53% to $45.00 today.

FirstEnergy decreased a fateful -1.53% and closed at $45.00. FE shows a sign of strength in the short-term after finally breaking out above $44.62 on August 9th and marking a new rising bottom. On June FE price bounced up over the SMA of 50 days demonstrating to be a significant support for this stock.

FE stock chart (daily)

Weekly outlook

FirstEnergy inched a slightly good 0.72% this week. Counting this, it's been 5 climbing weeks in a row, soaring a 4.39%.

Weekly chart tells us that price finally broke over the resistance at $44.36 and continued climbing. Early January FE price bounced up over the SMA of 20 weeks that acted as support stopping new slides.

FE stock chart (weekly)

FirstEnergy stock price history

FirstEnergy stock went public on November 10th, 1997 with a price of $9.511. Since then, FE stock surged a 373.20%, with an average of 17.80% per year. If you had invested right after FE's IPO a $1,000 in FirstEnergy stock in 1997, it would worth $3,732.00 today.

1: Adjusted price after possible price splits or reverse-splits.

FirstEnergy stock historical price chart

FE stock reached 52-week highs today at $45.90, and all-time highs 2008-07-11 with a price of 49.02.

FirstEnergy stock price target is $45.20

How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we found 6 price predictions for FirstEnergy stock:
FE stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-13MizuhoReiterates$48.00$46.00-4.2%
2019-6-5KeyCorpReiteratesn/a$46.00-
2019-4-5Morgan StanleySet Price Targetn/a$44.00-
2019-3-28Bank of AmericaRaises Target$41.00$46.0012.2%
2019-3-20BarclaysUpgrades$40.00$46.0015%
2019-2-12Morgan StanleyRaises Target$41.00$43.004.9%
(in average)$42.50$45.206.0%
Moving in a range from $46.00 and $43.00, the price forecast for FE stock is $45.20. In average, analysts' outlook on FE price forecast is positive, increasing the forecast by a 6.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, FirstEnergy presented its financial report, posting a slightly good gain for the Earnings per Share (EPS). Experts expected $0.48 per share, but FirstEnergy posted $0.50.
FE earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.57n/a
2017-Q32017-10-260.870.9711.5%
2017-Q42018-02-200.690.712.9%
2018-Q12018-04-230.680.67-1.5%
2018-Q22018-07-310.530.6217.0%
2018-Q32018-10-250.730.89.6%
2018-Q42019-02-190.480.54.2%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, FirstEnergy annual turnover grew a good 3.05% to $11,261.00 million dollars from $10,928.00 marked in 2017. When comparing 2018 vs 2017, instead, profit margin (that is, the net income divided by revenues) skyrocketed a 27.75% to 11.97%.

FE annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$14,850 M-$375 M2.5%-
2014$15,049 M1.34%$299 M2.0%-20.27%
2015$15,026 M-0.15%$578 M3.8%93.31%
2016$14,562 M-3.09%$-6,177.00 M-42.4%-1,168.69%
2017$10,928 M-24.96%$-1,724.00 M-15.8%-72.09%
2018$11,261 M3.05%$1,348 M12.0%-178.19%

Quarterly financial results

FirstEnergy posted $2,710.00 million in sales for 2018-Q4, a -11.55% less compared to previous quarter. Reported quarter income marked $138.00 M with a profit margin of 5.09%. Profit margin rocketed a 20.04% compared to previous quarter when profit margin was -14.95%. When comparing sales to same quarter last year, FirstEnergy sales marked a frightening correction and plunged a -53.03%.
FE quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$3,290 M-$174 M5.3%-
2017-Q3$3,710 M12.77%$396 M10.7%127.59%
2017-Q4$5,770 M55.53%$-2,499 M-43.3%-731.06%
2018-Q1$2,976 M-48.42%$1,369 M46.0%-154.78%
2018-Q2$2,704 M-9.14%$299 M11.1%-78.16%
2018-Q3$3,064 M13.31%$-458 M-14.9%-253.18%
2018-Q4$2,710 M-11.55%$138 M5.1%-130.13%
2019-Q1$2,883 M6.38%$320 M11.1%131.88%

FirstEnergy ownership

When you are planning to buy a company, it's always worth to check its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For FirstEnergy, 4.24% of all outstanding shares are owned by its staff.

In case of FirstEnergy stock, 0.00% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for FE stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to FirstEnergy:

FEAEPDEDEXC
Market cap$23.9 B$44.2 B$49.5 B$28.9 B$43.6 B
Total shares531.4 M493.4 M651.6 M327.0 M971.6 M
Float shares500.6 M493.2 M800.7 M331.6 M969.3 M
  - Institutional holdings (%)0.0%75.8%60.2%61.4%81.6%
  - Insider holdings (%)4.2%0.0%0.3%0.2%0.2%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

FirstEnergy summary

Friday, August 23rd, 2019
Open$45.69
Close$45.00
Day range$44.78 - $45.90
Previous close$45.70
Session gain-1.53%
Average true range$0.73
50d mov avg$43.59
100d mov avg$42.40
200d mov avg$40.31
Daily patternlb02c
Weekly pattern lb01c

FirstEnergy performance

To better understand FirstEnergy performance you must becnhmark its gains with other related stocks in same sector or industry. We selected American Electric Power, Dominion Energy, Consolidated Edison, Exelon, NextEra Energy, NRG Energy, Public Service Enterprise, PPL and Southern as the bechmarking frame for FirstEnergy stock.
Stock3m6m12m
FEFirstEnergy5.91%12.50%26.09%
AEPAmerican Electric...2.26%11.37%29.44%
DDominion Energy-1.11%3.69%11.12%
EDConsolidated Edis...0.97%9.33%15.09%
EXCExelon-8.67%-6.46%5.13%
NEENextEra Energy9.66%19.34%31.67%
NRGNRG Energy0.99%-14.95%5.50%
PEGPublic Service En...-2.49%4.91%15.86%
PPL -1.91%-3.28%5.86%
SOSouthern7.31%17.13%34.37%

FirstEnergy competitors

One check before trading any stock is to have a look a list of its competitors, in this case for FirstEnergy. We picked 9 companies as FirstEnergy competitors as they are in the same industry or have similar market objectives.

Latest FirstEnergy stock news