FirstEnergy Corporation (NYSE:FE) has climbed 1.75% in the past week and advanced 6.19% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.97% and the outperformance has advanced to 5.22% for the last 4 weeks period.
FirstEnergy Corporation (NYSE:FE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.98 and $33.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.29, notching a gain of 0.88% for the day. The total traded volume was 3,059,078 . The stock had closed at $33.99 on the previous day.
The company shares have rallied 1.45% from its 1 Year high price. On Mar 30, 2016, the shares registered one year high at $36.54 and the one year low was seen on Nov 9, 2015. The 50-Day Moving Average price is $33.26 and the 200 Day Moving Average price is recorded at $33.45.
On the companys insider trading activities, Strah Steven E, officer (Sr VP & President FE Utilities) of Firstenergy Corp, had purchased 560 shares on March 14, 2016. The total value of the transaction was $19,930. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Barclays maintains its rating on FirstEnergy Corporation (NYSE:FE). The global brokerage major raises the current price target from $33 per share to $36 per share. Analysts at the Barclays have a current rating of Equal-weight on the shares. The rating by the firm was issued on May 9, 2016. Currently the company Insiders own 0.2% of FirstEnergy Corporation shares according to the proxy statements. Institutional Investors own 76.97% of FirstEnergy Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 10.08%.
FirstEnergy Corp. is a holding company. The Company operates through three segments: Regulated Distribution, Regulated Transmission and Competitive Energy Services (CES). The Regulated Distribution segment distributes electricity through its 10 utility operating companies, serving customers within 65,000 square miles of Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York. The Regulated Transmission segment transmits electricity through transmission facilities. The CES segment supplies electricity to end-use customers through retail and wholesale arrangements, including retail sales to customers in Ohio, Pennsylvania, Illinois, Michigan, New Jersey and Maryland. The Companys principal subsidiaries include Ohio Edison Company, The Cleveland Electric Illuminating Company, The Toledo Edison Company, Metropolitan Edison Company, Pennsylvania Electric Company, FirstEnergy Service Company, FirstEnergy Solutions Corp., Allegheny Energy Supply Company, LLC, among others.