FirstEnergy Corp. (NYSE:FE) stock is currently pricing at roughly $29.03. Our analysis shows that the stock is widely covered by equity research firms, and target prices are revealing. From a summary standpoint, we track the median one-year price target among 16 analysts covering the company at $33.00. That suggests shares of the stock may have another 12 percent to the upside left to run. Of those analysts we surveyed, the highest price target on recordsits at $40.00, which would imply another 62 percent in upside potential. If we look for a little more qualitative data on the range of expectations, we find in analyst notes that the stock has 5 “Buy” ratings in place. At the same time, 2 rate the stock a “strong buy”, suggesting more conviction in the story. As for the doubters, 12 equity research analyst firms call this stock a “Hold” and 2 consider it bad enough to warrant a “Sell” rating.
Analysts at Barclays took a look at FE shares in a research note released on May 01, 2017, and issued a Overweight rating to this company. JP Morgan analysts provided their own take on company recently as well. In a research note published on May 01, 2017, the house assigned a Neutral rating to this stock. According to a piece that hit the wires on Jan 17, 2017, researchers at Goldman reconsidered their prior rating on the stock, and upped it from Sell Perform to Neutral.
FirstEnergy Corp. (FE) Cap Table Analysis
Breaking down the capitalization table is our next goal. From a bird’s eye view, Executives hold 0.40 percent of the stock.
If we take a more granular look, Anthony J. Alexander is one of the largest owners in company capital stock among insiders. According to U.S. Securities and Exchange Commission (SEC) filings, this investor owns 479,304 shares, representing a total current market value of roughly $13914195.12. M. T. Clark is another major player among company insiders, currently holding 117,143 shares as of less than 0.1%, carrying a current market value of $3400661.29. Charles E. Jones is currently ranked as the number three insider in terms of representation on the cap table for the stock, holding 82,665 shares, valued at around $2399764.95 as of recent close.
We noted a few insider transactions for the stock recently as well.
In a transaction on 2016-12-20, the company’s President, FE Solutions SCHNEIDER DONALD R sold 6,525 company shares for 204620. That means, once accounting for this transaction, the President, FE Solutions is left with a stake of 24,317 shares, carrying a current total market value of $705923. In addition, by means of a transaction dated 2016-12-20, SVP, Human Resources Lasky Charles D sold 5,149 shares worth $161470. After that transaction, this investor is left with a total holding of 61,843 shares, representing a total investment value of $1795302.29. We also noted a 2016-03-14 transaction in which FE Sr VP & President FE Utilities Strah Steven E purchased 560 shares at a stock price of $35.59, carrying a total value of $19930, after which, this insider’s investment stands at 7,878 shares, with an overall financial value of $228698.
FirstEnergy Corp. (NYSE:FE) Earnings View
In the company’s last quarter, FE EPS moved to $0.78 from $0.38 compared sequentially with the prior quarter. Revenues for the company came in at $3.55BM. This stacks up against $3.38BM, on a sequential basis.
How does this compare with bottom and top-line expectations? Well, according to what we could find, analysts had been looking for the company to post net income of about $0.71 per share on $3.67BM in revenue. That sets up an interesting next quarter report card. We would note that analysts seem to be projecting earnings, on average, for this quarter in the range of $0.52 to $0.66. On a year-over-year basis, that compares with an EPS comp of $0.56.