FirstEnergy stock: buy or sell?

FE stock price: $48.38 0.56% At close on October 18th, 2019

Updated on:
October 18th, 2019

5

FirstEnergy ended on Oct/18 at $48.38 and stepped up a tiny 0.56%. With October 18th, it's been 4 climbing days in a row, soaring $0.97 or 2.03%.

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?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Following a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with FirstEnergy stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is FirstEnergy stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we collected 7 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
2019-9-20MizuhoBuyNeutral
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 stepped up 0.56% to $48.38 on Oct 18th.

On Sep/26, FE hit new all time highs, pushing higher previous ATH of $49.02 recorded . New ATHs are usual entry points for many trading setups as there aren't higher resistences. FirstEnergy shares stepped up 0.56% to $48.38 on Oct 18th. Since price and SMA50d lines crossed up on June, FE climbed $7.50 (18.35%).

FE stock chart (daily)

Weekly outlook

FirstEnergy stepped up a tiny 1.02% this week.

Not so far away is the last price record FirstEnergy marked late September. FE shows a long term strength with several rising tops and rising bottoms. It left a new bottom at $47.12 late September. Previous top ($49.07) will play as a resistance in possible new gains. 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 IPO was on November 10th, 1997 at $9.43 per share1. Since then, FE stock grew a 413.00%, with a yearly average of 19.70%. If you had invested $1,000 in FirstEnergy stock in 1997, it would worth $4,130.00 today.

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

FirstEnergy stock historical price chart

FE stock reached all-time highs on Sep/26 with a price of $49.07.

FirstEnergy stock price target is $45.60

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. 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. We found 7 price forecasts for FirstEnergy stock published in the last month:
FE stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-20MizuhoDowngrades$48.00$48.501%
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)$43.60$45.605.0%
The price target for FirstEnergy stock is $45.60, moving in a range between $48.50 and $43.00. In average, analysts' outlook on FE price forecast is positive, upgrading the forecast by a 5.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

FirstEnergy reported slightly fine results for 2018-Q4 on February. FirstEnergy appreciated Earnings per Share (EPS) by 4.20%, beating experts of $0.48. 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 sales inched a fine 3.05% to $11,261.00 M USD from $10,928.00 marked in 2017. Slightly better, its earnings margin (compared to revenues) skyrocketed to 11.97%, that is $1,348.00 million.

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 reported $2,710.00 M in sales for 2018-Q4, a -11.55% less compared to previous quarter. Reported quarter earnings marked $138.00 million with a profit margin of 5.09%. Profit margin climbed 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 chilling loss and plummed 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 invest in shares of a company, it's always worth to review its ownership structure.

FirstEnergy shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 4.24% of all shares.

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$26.1 B$46.5 B$66.0 B$30.4 B$43.4 B
Total shares540.0 M493.8 M803.4 M332.1 M971.6 M
Float shares530.2 M493.2 M800.7 M331.5 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, October 18th, 2019
Open$47.98
Close$48.38
Day range$47.83 - $48.52
Previous close$48.11
Session gain0.56%
Average true range$0.58
50d mov avg$46.84
100d mov avg$44.93
200d mov avg$42.36
Daily pattern
Weekly pattern lb03a

FirstEnergy performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We picked 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
FEFirstEnergy12.22%21.59%29.25%
AEPAmerican Electric...5.06%15.18%32.82%
DDominion Energy8.16%12.27%17.17%
EDConsolidated Edis...5.77%11.32%22.53%
EXCExelon-5.34%-8.18%4.34%
NEENextEra Energy11.47%24.24%37.39%
NRGNRG Energy14.35%-1.91%9.40%
PEGPublic Service En...4.30%7.47%17.15%
PPL 7.66%6.27%8.25%
SOSouthern11.81%20.33%42.25%

FirstEnergy competitors

We picked a few stocks to conform a list of FirstEnergy competitors to watch if you are interested in investing in FE:

Latest FirstEnergy stock news