FirstEnergy Corp (NYSE:FE) near 52-week high, short interest down

FirstEnergy Corp (NYSE:FE) (Trend Analysis) shares were traded with thin volume. The stock closed last trading session at $33.89, up by 1.01%, with a volume of 3,728,538 shares against an average amount for the last three months of 4,570,040.

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FirstEnergy Corp (NYSE:FE) stock is currently trading 7.25% below its 52-week-high, 17.31% above its 52-week-low. The 1-year stock price history is in the range of $28.89 – $36.54. FirstEnergy Corp (FE) has a price to earnings ratio of 24.74 versus Utilities sector average of 15.93. FE stock price has outperformed the S&P 500 by 6.4%. The Electric-Integrated company is currently valued at $14.36 billion, and its share price closed the last trading session at $33.89. The stock has a 50-day moving average of $34.84 and a 200-day moving average of $33.

FirstEnergy Corp (FE) current short interest stands at 6.98 million shares. It has decreased by 2% from the same period of last month. Around 7% of the company’s shares, which are float, are short sold. With a 10-days average volume of 4.85 million shares, the number of days required to cover the short positions stand at 1.5 days.

FE is forecasted to report earnings per share of $0.54 and a revenue of $3.57 billion for the 2nd Quarter of the fiscal year 2016. FirstEnergy Corp (FE) declared last quarter earnings on April 26. The Electric-Integrated company announced last quarter earnings per share of $0.80 against a consensus Street estimate of $0.76, beating the average estimate by $0.04. The company posted a revenue of $3.87 billion compared to an estimation of $3.93 billion.

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There are currently twenty-two analysts that cover FirstEnergy Corp stock. Of those twenty-two, five have a Buy rating, fifteen have a Hold rating and two have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $35.53.

A recent analyst activity consisted of Barclays reiterating their Equal-weight stance on May 9. Barclays increased their price target on FE from $33 to $36. This corresponds to a 6.23% upside from the last closing price. On the date of report, the stock closed at $33.55.

From an income perspective, FirstEnergy Corp (FE) has a dividend yield of 4.35%. The dividend growth rate has evolved at the pace of 1.6% over the last 5 years and the payout ratio stands at the high level of 89.42%.

Another research firm was Jefferies who downgraded their Buy rating to Hold on April 28. On the date of report, the stock closed at $32.12.

Company snapshot

FirstEnergy Corp. is a public utility holding company. The Company’s subsidiaries and affiliates are involved in the generation, transmission and distribution of electricity, exploration and production of oil and natural gas, transmission and marketing of natural gas, and energy management and other energy-related services.

FirstEnergy Corp (NYSE:FE) near 52-week high, short interest down was last modified: May 11th, 2016 by Eric Hanson