FirstEnergy Corp. (FE) Reaches $34.55 52-Week High; Flexshopper (FPAY) Shorts Down By 81.08%

November 14, 2017 - By Louis Casey

The stock of FirstEnergy Corp. (NYSE:FE) hit a new 52-week high and has $35.93 target or 4.00% above today’s $34.55 share price. The 6 months bullish chart indicates low risk for the $15.37 billion company.

The 1-year high was reported on Nov, 14 by If the $35.93 price target is reached, the company will be worth $614.80M more. About 751,599 shares traded. FirstEnergy Corp. (NYSE:FE) has declined 12.70% since November 14, 2016 and is downtrending. It has underperformed by 29.40% the S&P500.

Flexshopper Incorporated (NASDAQ:FPAY) had a decrease of 81.08% in short interest. FPAY’s SI was 700 shares in November as released by FINRA. Its down 81.08% from 3,700 shares previously. With 3,100 avg volume, 0 days are for Flexshopper Incorporated (NASDAQ:FPAY)’s short sellers to cover FPAY’s short positions. The SI to Flexshopper Incorporated’s float is 0.03%. About 12 shares traded. FlexShopper Inc (NASDAQ:FPAY) has declined 39.23% since November 14, 2016 and is downtrending. It has underperformed by 55.93% the S&P500.

Investors sentiment decreased to 1.21 in Q2 2017. Its down 0.09, from 1.3 in 2017Q1. It turned negative, as 45 investors sold FirstEnergy Corp. shares while 146 reduced holdings. 60 funds opened positions while 172 raised stakes. 349.76 million shares or 2.48% more from 341.28 million shares in 2017Q1 were reported. 92,295 were accumulated by Verition Fund Mgmt Ltd Liability. Finance Pro, a Texas-based fund reported 27 shares. Hartford Inv Mngmt has 0.09% invested in FirstEnergy Corp. (NYSE:FE) for 151,659 shares. State Of New Jersey Common Pension Fund D holds 0.14% or 1.14M shares in its portfolio. National Pension Service has invested 0.07% of its portfolio in FirstEnergy Corp. (NYSE:FE). Highfields Limited Partnership reported 1.00M shares. Natixis Asset Mngmt invested 0.01% of its portfolio in FirstEnergy Corp. (NYSE:FE). Gulf International Bancshares (Uk) Limited stated it has 136,769 shares or 0.06% of all its holdings. Security invested in 3,042 shares. 86,593 are held by Nordea Investment Mngmt. Bankshares Of Montreal Can owns 489,489 shares. Boothbay Fund Management Ltd Liability Company, New York-based fund reported 25,100 shares. Apg Asset Management Nv reported 0.07% in FirstEnergy Corp. (NYSE:FE). Gotham Asset Mngmt reported 59,002 shares. Pub Sector Pension Inv Board holds 0.01% or 50,062 shares in its portfolio.

Analysts await FirstEnergy Corp. (NYSE:FE) to report earnings on February, 20. They expect $0.66 earnings per share, up 73.68% or $0.28 from last year’s $0.38 per share. FE’s profit will be $293.61 million for 13.09 P/E if the $0.66 EPS becomes a reality. After $0.97 actual earnings per share reported by FirstEnergy Corp. for the previous quarter, Wall Street now forecasts -31.96% negative EPS growth.

Among 19 analysts covering FirstEnergy (NYSE:FE), 5 have Buy rating, 1 Sell and 13 Hold. Therefore 26% are positive. FirstEnergy had 66 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Overweight” rating by Morgan Stanley on Thursday, August 10. On Monday, August 14 the stock rating was upgraded by Evercore to “Outperform”. KeyBanc Capital Markets maintained FirstEnergy Corp. (NYSE:FE) on Wednesday, October 18 with “Hold” rating. Deutsche Bank downgraded it to “Hold” rating and $34 target in Tuesday, December 20 report. RBC Capital Markets maintained it with “Sector Perform” rating and $36 target in Thursday, October 13 report. Barclays Capital upgraded FirstEnergy Corp. (NYSE:FE) on Monday, May 1 to “Overweight” rating. The firm earned “Equal Weight” rating on Friday, December 2 by Barclays Capital. The firm earned “Neutral” rating on Tuesday, October 18 by UBS. The firm earned “Sell” rating on Tuesday, July 26 by Goldman Sachs. The firm has “Equal-Weight” rating given on Monday, May 9 by Barclays Capital.

FirstEnergy Corp. is a holding company. The company has market cap of $15.37 billion. The Firm is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries. It currently has negative earnings. The Company’s divisions include Regulated Distribution, Regulated Transmission, Competitive Energy Services and Corporate/Other.


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