FirstEnergy Q1 2024 Earnings Preview
Seeking Alpha News (Wed, 24-Apr 5:35 PM ET)
Notable earnings after Thursday's close
Seeking Alpha News (Wed, 24-Apr 5:35 PM ET)
FirstEnergy Set to Plant More Than 25,000 Trees in 2024
PRNewswire (Tue, 23-Apr 1:11 PM ET)
FirstEnergy (FE) Gets a Buy from RBC Capital
TipRanks (Mon, 22-Apr 9:48 PM ET)
Work Underway to Upgrade Electric System in Erie County, Pennsylvania
PRNewswire (Thu, 18-Apr 11:05 AM ET)
FirstEnergy Names John Combs Senior Vice President, Shared Services
PRNewswire (Tue, 16-Apr 8:15 AM ET)
Settlement Reached in FirstEnergy Ohio Utilities' Grid Modernization Plan
PRNewswire (Mon, 15-Apr 12:34 PM ET)
Tree-Trimming Work Underway to Help Prevent or Minimize Power Outages for JCP&L Customers
PRNewswire (Wed, 10-Apr 10:33 AM ET)
FirstEnergy to Webcast First Quarter Earnings Teleconference
PRNewswire (Wed, 3-Apr 11:50 AM ET)
PRNewswire (Tue, 2-Apr 7:30 AM ET)
FirstEnergy is an investor-owned holding company with 10 regulated distribution utilities across six mid-Atlantic and Midwestern states. FirstEnergy also owns and operates one of the nation's largest electric transmission systems.
Firstenergy Corp. trades on the NYSE stock market under the symbol FE.
As of April 24, 2024, FE stock price climbed to $38.30 with 2,193,547 million shares trading.
FE has a beta of 0.44, meaning it tends to be less sensitive to market movements. FE has a correlation of 0.08 to the broad based SPY ETF.
FE has a market cap of $22.00 billion. This is considered a Large Cap stock.
Last quarter Firstenergy Corp. reported $3 billion in Revenue and $.62 earnings per share. This beat revenue expectation by $16 million and exceeded earnings estimates by $.03.
In the last 3 years, FE stock traded as high as $48.85 and as low as $32.18.
The top ETF exchange traded funds that FE belongs to (by Net Assets): VTI, VOO, VO, XLU, SPY.
FE stock has underperformed the market in the last year with a return of -1.7%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in FE shares. However, FE has outperformed the market in the last 3 month and 2 week periods, returning +5.4% and -0.4%, while SPY returned +4.6% and -2.7%, respectively. This indicates FE has been having a stronger performance recently.
FE support price is $37.73 and resistance is $38.51 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FE stock will trade within this expected range on the day.