Stocks of Firstenergy Corp. (NYSE:FE) traded higher last session on Wall Street, down -0.93% to $43.49.
FE stock price is now 0.07% away from the 50-day moving average and 9.49% away from the 200-day moving average. The market capitalization of the company currently stands at $25.05B.
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With the price target of $46, Jefferies recently initiated with Hold rating for Firstenergy Corp. (NYSE: FE). On September 20, 2024, Argus Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $50, while ‘Goldman’ rates the stock as ‘Buy’
In other news, Walker Christine, Officer bought 6,000 shares of the company’s stock on Sep 12 ’24. The stock was bought for $264,601 at an average price of $44.10. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 27 ’23, SVP, CHRO & Corporate Services Walker Christine sold 12,500 shares of the business’s stock. A total of $469,781 was realized by selling the stock at an average price of $37.58. This leaves the insider owning 36,959 shares of the company worth $1.61 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 $34.73 and a high of $44.97. 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 $50191867904, which is based on a 28.63 price-to-earnings ratio, a 4.15 price-to-earnings-growth ratio, and a beta of 0.49. The fifty day moving average price for FE is $43.4582 and a two-hundred day moving average price translates $39.7194 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.
