FirstEnergy Reaches New 52-Week High (FE)

NEW YORK ( TheStreet) -- FirstEnergy (NYSE: FE) hit a new 52-week high Thursday as it is currently trading at $47.54, above its previous 52-week high of $47.52 with two million shares traded as of 10:40 a.m. ET. Average volume has been 2.9 million shares over the past 30 days.

FirstEnergy has a market cap of $19.67 billion and is part of the utilities sector and utilities industry. Shares are up 6.3% year to date as of the close of trading on Wednesday.

FirstEnergy Corp. operates as a diversified energy company. The company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company has a P/E ratio of 16.8, below the average utilities industry P/E ratio of 17.4 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates FirstEnergy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full FirstEnergy Ratings Report.

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