FEI Stock Summary and Trading Ideas (First Trust MLP & Energy Income | NYSE:FEI)

First Trust MLP and Energy Income Fund is a non-diversified, closed-end management investment company. The Fund's investment objective is to seek a high level of total return with an emphasis on current distributions paid to shareholders. The Fund seeks to provide its shareholders with a vehicle to invest in a portfolio of cash-generating securities, with a focus on investing in publicly-traded master limited partnerships ("MLPs") and MLP-related entities in the energy sector and energy utilities industries. Under normal market conditions, the Fund will invest at least 85% of its managed assets in equity and debt securities of MLPs, MLP-related entities and other energy sector and energy utilities companies that the Fund's sub-advisor believes offer opportunities for growth and income and will invest at least 65% of its managed assets in equity securities issued by energy sector MLPs and energy sector and energy utilities MLP-related entities. To generate additional income, the Fund currently expects to write (or sell) covered call options on up to 35% of its Managed Assets.

First Trust MLP & Energy Income trades on the NYSE stock market under the symbol FEI.

As of April 22, 2024, FEI stock price climbed to $9.73 with 68,681 million shares trading.

FEI has a beta of 0.33, meaning it tends to be less sensitive to market movements. FEI has a correlation of 0.05 to the broad based SPY ETF.

FEI has a market cap of $440.08 million. This is considered a Small Cap stock.

In the last 3 years, FEI stock traded as high as $9.84 and as low as $6.76.

FEI has outperformed the market in the last year with a price return of +32.3% while the SPY ETF gained +22.3%. FEI has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +15.3% and +0.1%, respectively, while the SPY returned +3.9% and -3.6%, respectively.

FEI support price is $9.58 and resistance is $9.78 (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 FEI stock will trade within this expected range on the day.