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Friday, December 2, 2022

Is FirstEnergy Corp. (NYSE: FE) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for FirstEnergy Corp. (FE) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.13, or -0.35%, to $37.05. Volume reached 197,641 shares, with price reaching a high of $37 and a low of $37. Most recently, Yahoo Finance reported about the stock as it publicized that FirstEnergy to Give Away 1,500 Trees at Mountain State Forest Festival.


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Stocks Info

FE belongs to the Utilities sector of the NYSE while operating in the Utilities – Diversified industry. At the end of the last regular session, the stock closed at $37.00 and fluctuated between $37.51 as its day high and $36.71 as its day low. The current market capitalization of FirstEnergy Corp. is $21.24B. A total of 6.12 million shares were traded on the day, compared to an average of 3.50M shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, FE has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 745 and the disposition of 0 shares. Over the last 12 months, there were 20 BUYs and 17 SELLs from insiders. Insiders purchased 161,048 shares during that period but sold 137,096.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. FirstEnergy Corp. pays an annual dividend of $1.56, resulting in a dividend yield of 4.22%, and it has a price to earnings (P/E) ratio of 15.57. FE’s most recent ex-dividend date was 08/04/2022 when it declared a $0.39 quarterly dividend that was paid in cash on 09/01/2022. Previously, the company paid the dividend on 06/01/2022 with an ex-dividend date of 05/05/2022. The dividend was $0.39 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for FE in the last 3 months, the mean price target is $45.34 with high estimates of $53.00 and low estimates of $39.00. In terms of 52-week highs and lows, FE has a high of $48.85 and a low of $35.32.

As of this writing, FE has an earnings estimate of $0.77 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.8 per share and a lower estimate of $0.76.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 18 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FE is Underweight with a score of 3.88. A total of 9 analysts rated the stock as Buy while 0 rated it as Overweight while 8 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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