Is Firstenergy Corp. (NYSE: FE) Still On The Rise?

After Hours

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.

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Stocks Info

This NYSE-listed company operates within the Utilities – Regulated Electric industry segment, falling under the Utilities sector. The current market capitalization of Firstenergy Corp. is $24.06B. A total of 3.96 million shares were traded on the day, compared to an average of 2.39M shares.

In the most recent transaction, Walker Christine sold 12,500 shares of FE for 37.58 per share on Nov 27 ’23. After the transaction, the SVP, CHRO & Corporate Services now owns 36,959 company shares.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Firstenergy Corp. pays an annual dividend of $1.64, resulting in a dividend yield of 3.91%, and it has a price to earnings (P/E) ratio of 22.59. FE’s most recent ex-dividend date was 8/7/2024 when it declared a $0.4250 quarterly dividend that was paid in cash on 9/1/2024. Previously, the company paid the dividend on 6/1/2024 with an ex-dividend date of 5/6/2024. The FE stock dividend was $0.4250 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, FE has a high of $41.59 and a low of $32.18.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. FE’s latest balance sheet shows that the firm has $1.46B in Cash & Short Term Investments as of fiscal 2021. There were $23.85B in debt and $4.42B in liabilities at the time. Its Book Value Per Share was $21.54, while its Total Shareholder’s Equity was $8.68B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 Buy with a score of 3.87.

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