How to Buy Firstenergy Stock
Firstenergy Corp
Firstenergy is a regulated electric utility company located in Ohio, United States, which is part of the Utilities sector, and is traded under the ticker FE on the NYSE exchange.
Firstenergy stock last closed at $41.28, down 0.29% from the previous day, and has increased 11.06% in one year. It has underperformed other stocks in the Utilities - Regulated Electric industry by 0.08 percentage points. Firstenergy stock is currently +16.58% from its 52-week low of $35.41, and -8.21% from its 52-week high of $44.97.
At the moment, there are 576.32M FE shares outstanding. The market capitalization of FE is $23.79B. In the past 24 hours, 1.8M FE shares were traded.
How to Buy Firstenergy Stock
Wondering how to invest in Firstenergy stock? Here's how.
- Choose where to buy Firstenergy stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you figure out where to buy Firstenergy stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your investment account: Choose your payment method and add your details.
- Research Firstenergy stock: The Firstenergy ticker symbol is FE. Is Firstenergy stock a good investment? Should you buy shares of FE? How do FE's underlying business fundamentals look? Do top analysts think Firstenergy is a good buy? Why has FE's stock price moved recently? (Hint: Our stock analysis website can help you figure out if FE is a good stock to buy).
- Place your FE purchase: Decide if you will purchase FE shares at the current market price or use a limit order to buy FE shares at a given price.
- Get key alerts regarding your FE position: Create a watchlist to important updates regarding your new investment in Firstenergy stock.
Step 1: Choose where to buy Firstenergy stock
You will need an online brokerage account to access the NYSE market and buy FE stock.
Our preferred brokerage: eToro
Based on our research, eToro is the best brokerage. eToro gives you:
- Invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
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- Social investing: eToro has a community with more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by creating an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal info so you are able to buy FE stock today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start a new brokerage account.
- Send your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've opened your account on the best stock buying app, your next step is to transfer the money for your investment:
Check out this video walkthrough to see the process of depositing funds into your new investment account.
Step 4: Research Firstenergy stock
After you have figured out the best place to buy Firstenergy stock, it's absolutely critical to research their stock prior to investing, so you truly understand the risk as well as the upside.
Firstenergy Metrics
Firstenergy Due Diligence Score
WallStreetZen was created to help average investors perform more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on FE's stock page.
Is FE stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge FE's intrinsic value.
Using relative valuations metrics:
- FE could be overvalued based on its P/E ratio of 26.63x, relative to Utilities - Regulated Electric industry P/E ratio of 18.67x
- FE could be overvalued based on its P/B ratio of 1.91x, relative to Utilities - Regulated Electric industry P/B ratio of 1.86x
- FE may be overvalued based on its PEG ratio of 1.02x
You can access more valuation research on FE's stock here.
FE Financial Overview
Positive Health Checks:
- FE profit margin has gone up from 4.1% to 6.6% in the past year.
- Total FE debt is lower than 5 years ago, relative to shareholder equity.
- FE has $465.00M in cash and short term investments. This is enough to cover its annual cash burn of $1.02B.
Negative Health Checks:
- FE has cash burn of 1021000000. It does not have sufficient cash and short-term investments to cover this.
- FE has a relatively high debt to equity ratio of 2.98.
- There are more long-term liabilities than short-term assets on the FE balance sheet.
- There are more short-term liabilities than short-term assets on the FE balance sheet.
Do Wall Street analysts think it's a good time to buy Firstenergy stock
Out of 9 Wall Street analysts who monitor FE, the consensus analyst rating on Firstenergy is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent FE Analyst Upgrades/Downgrades
Jacob Kilstein, a top 27% analyst from Argus Research upgrades FE to a strong buy rating and announces their FE price target of $50.00, on Sep 20, 2024.
Stephen Byrd, a top 4% analyst from Morgan Stanley maintains FE with a strong buy rating and raises their FE price target from $45.00 to $48.00, on Aug 23, 2024.
Andrew Weisel, a top 28% analyst from ScotiaBank maintains FE with a hold rating and raises their FE price target from $40.00 to $45.00, on Aug 20, 2024.
Neil Kalton, a top 14% analyst from Wells Fargo maintains FE with a hold rating and raises their FE price target from $42.00 to $45.00, on Aug 1, 2024.
You can dive deeper into what analysts are forecasting on the Firstenergy stock forecast page.
Metrics for Advanced FE Traders
How are FE Revenues/Earnings doing?
Last year, FE earnings were $892.00M. Over the last five year, FE's earnings have grown by -6.16% per year. This was slower than the Utilities - Regulated Electric industry average of 14.87%.
Last year, FE revenue was $13.44B. During the past five year, FE's revenue has grown by 3.96% per year. This was faster than the Utilities - Regulated Electric industry average of 3.92%.
Learn more about FE's earnings and revenue performance here.
Latest Insiders Trades at FE
Over the past 12 months, insiders at FE have sold more shares than they have bought.
Toby L. Thomas, Chief Operating Officer of FE, was the latest FE insider to sell. They sold $73,247.46 worth of FE stock on Nov 30, 2024.
Get more info about who owns FE stock here.
Can I get consistent income from FE stock?
Firstenergy pays a dividend of 4.08%, compared to the Utilities - Regulated Electric industry's average dividend yield of 3.24%. If you owned $1,000 worth of FE stock, you would have received $40.82 last year.
Firstenergy dividend payments have consistently grown over the past decade and have remained stable.
Dig into more analysis about Firstenergy dividend yield and history here.
Get analysis from other traders
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Place your FE purchase
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally sufficient. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given price, place a limit order.
Press the Open Trade button and eToro will execute the order.
If you require additional info about investing in stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your FE position
Now that you own some FE shares, you'll want to keep up with your new investment.
Create a watchlist to get alerted to the latest events about your FE stock.
FE Feed
How to Buy Stock in Firstenergy
To reiterate, here are the 6 steps to buy Firstenergy stock:
- Choose where to buy Firstenergy stock
- Sign up for a brokerage account
- Fund your investment account
- Research Firstenergy stock
- Place your FE purchase
- Get key alerts regarding your FE position
If you need a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to monitor your investment in Firstenergy, hit the button below to create your watchlist.
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