FirstEnergy stock: buy or sell?

FE stock price: $52.28 0.10% At close on February 18th, 2020

Updated on:
February 18th, 2020

5

After reaching all time highs today, FirstEnergy remained constant 0.10% to $52.28. Tuesday was the third green session in a row, soaring 1.55%.

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. Following a trading strategy 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.

Currently, 2 buy setups work for FirstEnergy stock right now:

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

Is FirstEnergy stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't find any rating for FE stock for the last 30 days.

FirstEnergy stock analysis

Daily outlook

After topping to all time highs today, FirstEnergy remained stable 0.10% to $52.28.

FirstEnergy shares remained stable 0.10% today and reached a new all time high at $52.51. FE shows a strong short term uptrend with several rising tops and rising bottoms. Since its last bottom on February/7, FE climbed unceasignly breaking out to new all time highs. On Jan 13th 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 touched new all time highs again this week, setting highs to $52.51. Shares closed at $52.28 and stayed stable 0.10% during the week. This week was the fifth green week in a row.

Price finally broke over the resistance at $48.68 and continued climbing. Since price and SMA20w lines crossed up by mid January, FE climbed $5.00 (10.58%).

FE stock chart (weekly)

FirstEnergy stock price history

FirstEnergy IPO was on November 10th, 1997 at $9.36 per share1. Since then, FE stock surged a 458.50%, with a yearly average of 20.80%. If you had invested right after FE's IPO a $1,000 in FirstEnergy stock in 1997, it would worth $4,585.00 today.

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

FirstEnergy stock historical price chart

FE stock reached all-time highs today with a price of $52.51.

FirstEnergy stock price target

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 month we have not detected any price target for FirstEnergy stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

FirstEnergy presented slightly good results for 2018-Q4 . FirstEnergy gained Earnings per Share (EPS) by 4.20%, beating analysts 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 dollars from $10,928.00 marked in 2017. Slightly better, its profit margin (compared to sales) 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 income 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 frightening drop down 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 buy shares of a company, it's always worth to have a look its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For FirstEnergy, 0.72% 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:

FE
Market cap$28.2 B
Total shares540.3 M
Float shares538.6 M
  - Institutional holdings (%)0.0%
  - Insider holdings (%)0.7%
Shares in short selling0.0%

FirstEnergy summary

Tuesday, February 18th, 2020
Open$52.39
Close$52.28
Day range$52.13 - $52.51
Previous close$52.23
Session gain0.10%
Average true range$0.56
50d mov avg$49.04
100d mov avg$48.05
200d mov avg$45.59
Daily patternlb03c
Weekly pattern lb01c

FirstEnergy performance

To better understand FirstEnergy performance you must compare its gains with other related stocks in same sector or industry. We compared FirstEnergy against in the following table:
Stock3m6m12m
FEFirstEnergy11.28%18.04%32.76%

FirstEnergy competitors

Unfortunately, we could not find any public company that could be defined as FirstEnergy competitor. This doesn't mean FirstEnergy does not have any competitor in the market, it's just we could not detected it.

    Latest FirstEnergy stock news