FirstEnergy stock: buy or sell?
October 18th, 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?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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-3-28||Bank of America||n/a||Buy|
FirstEnergy stock analysis
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%).
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.
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 $45.60Predicting 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:
|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 ShareFirstEnergy 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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.
|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 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%.
|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 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:
|Market cap||$26.1 B||$46.5 B||$66.0 B||$30.4 B||$43.4 B|
|Total shares||540.0 M||493.8 M||803.4 M||332.1 M||971.6 M|
|Float shares||530.2 M||493.2 M||800.7 M||331.5 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, October 18th, 2019|
|Day range||$47.83 - $48.52|
|Average true range||$0.58|
|50d mov avg||$46.84|
|100d mov avg||$44.93|
|200d mov avg||$42.36|
FirstEnergy performanceStocks 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.
|PEGPublic Service En...||4.30%||7.47%||17.15%|
FirstEnergy competitorsWe picked a few stocks to conform a list of FirstEnergy competitors to watch if you are interested in investing in FE:
- 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