Stocks of Firstenergy Corp. (NYSE:FE) traded higher last session on Wall Street, up 0.26% to $41.91.
FE stock price is now 6.82% away from the 50-day moving average and 10.83% away from the 200-day moving average. The market capitalization of the company currently stands at $24.12B.
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With the price target of $45, Goldman recently initiated with Buy rating for Firstenergy Corp. (NYSE: FE). On August 23, 2023, Barclays recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $37, while ‘UBS’ rates the stock as ‘Neutral’
In other news, Walker Christine, SVP, CHRO & Corporate Services sold 12,500 shares of the company’s stock on Nov 27 ’23. The stock was sold for $469,781 at an average price of $37.58. Upon completion of the transaction, the SVP, CHRO & Corporate Services now directly owns 36,959 shares in the company, valued at $1.55 million. A total of 0.15% of the company’s stock is owned by insiders.
During the past 12 months, Firstenergy Corp. has had a low of $32.18 and a high of $41.90. As of last week, the company has a debt-to-equity ratio of 1.92, a current ratio of 0.51, and a quick ratio of 0.43. According to the stock market information, the enterprise value for the company is $49218555904, which is based on a 27.59 price-to-earnings ratio, a 4.38 price-to-earnings-growth ratio, and a beta of 0.47. The fifty day moving average price for FE is $39.2724 and a two-hundred day moving average price translates $37.84685 for the stock.
The latest earnings results from Firstenergy Corp. (NYSE: FE) was released for 2024-06-30. The net profit margin was 6.61% and return on equity was 7.78% for FE. The company reported revenue of $3.28 billion for the quarter, compared to $3.01 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.12 percent.
