FirstEnergy stock: buy or sell?
August 23rd, 2019
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:
|New all-time high||No|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-3-28||Bank of America||n/a||Buy|
FirstEnergy stock analysis
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.
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.
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 $45.20How 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-4-5||Morgan Stanley||Set Price Target||n/a||$44.00||-|
|2019-3-28||Bank of America||Raises Target||$41.00||$46.00||12.2%|
|2019-2-12||Morgan Stanley||Raises Target||$41.00||$43.00||4.9%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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%.
|2013||$14,850 M||-||$375 M2.5%||-|
|2014||$15,049 M||1.34%||$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 M||3.05%||$1,348 M12.0%||-178.19%|
Quarterly financial resultsFirstEnergy 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%.
|2017-Q2||$3,290 M||-||$174 M5.3%||-|
|2017-Q3||$3,710 M||12.77%||$396 M10.7%||127.59%|
|2017-Q4||$5,770 M||55.53%||$-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||$3,064 M||13.31%||$-458 M-14.9%||-253.18%|
|2018-Q4||$2,710 M||-11.55%||$138 M5.1%||-130.13%|
|2019-Q1||$2,883 M||6.38%||$320 M11.1%||131.88%|
FirstEnergy ownershipWhen 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:
|Market cap||$23.9 B||$44.2 B||$49.5 B||$28.9 B||$43.6 B|
|Total shares||531.4 M||493.4 M||651.6 M||327.0 M||971.6 M|
|Float shares||500.6 M||493.2 M||800.7 M||331.6 M||969.3 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, August 23rd, 2019|
|Day range||$44.78 - $45.90|
|Average true range||$0.73|
|50d mov avg||$43.59|
|100d mov avg||$42.40|
|200d mov avg||$40.31|
FirstEnergy performanceTo 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.
|PEGPublic Service En...||-2.49%||4.91%||15.86%|
FirstEnergy competitorsOne 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.
- American Electric Power (AEP)
- Dominion Energy (D)
- Consolidated Edison (ED)
- Exelon (EXC)
- NextEra Energy (NEE)
- NRG Energy (NRG)
- Public Service Enterprise (PEG)
- PPL (PPL)
- Southern (SO)
Latest FirstEnergy stock news
- InvestorPlace3 Big Stock Charts for Thursday: FirstEnergy, Boston Scientific and MondelezFebruary 7, 2019