Shares of FirstEnergy Corporation (NYSE:FE) Sees Large Inflow of Net Money Flow

FirstEnergy Corporation (NYSE:FE) had a weak trading session and its shares were last down at $33.67, down -0.04% or -0.1 points. The trading data also revealed that the total net flow stood at $2.55 million as the shares had $8.9 million in upticks but lost $6.35 million in downticks. The up/down ratio was 1.4. This data is particularly important for the traders and speculators alike as it could also be used to gauge the strength of the momentum in the shares. During the past week, the shares have seen a change of -0.46% in the shares.The block trade data suggests an inflow of $3.29 million in upticks and an outflow of $1.1 million in downticks. The up/down ratio for the block stood at 3. The net money flow for this transaction was recorded at $2.2.


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%. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (Sr VP & President FE Utilities) of Firstenergy Corp, Strah Steven E had purchased shares worth of $19,930 in a transaction dated on March 14, 2016. A total of 560 shares were purchased at a price of $35.59 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

FirstEnergy Corporation (NYSE:FE) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.04 points or 0.12% at $33.66 with 2,504,667 shares getting traded. Post opening the session at $33.68, the shares hit an intraday low of $33.53 and an intraday high of $33.86 and the price was in this range throughout the day. The company has a market cap of $14,296 million and the number of outstanding shares have been calculated to be 424,712,430 shares. The 52-week high of FirstEnergy Corporation (NYSE:FE) is $36.54 and the 52-week low is $28.89.

Many analysts have stated their opinion on the company shares. Brokerage firm Barclays maintains its rating on FirstEnergy Corporation (NYSE:FE). As per the latest information, the brokerage house raises the price target to $36 per share from a prior target of $33. The shares have been rated Equal-weight. The rating by the firm was issued on May 9, 2016.

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.

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