FirstEnergy Stock Hits New 52-Week High (FE)

NEW YORK ( TheStreet) -- FirstEnergy (NYSE: FE) hit a new 52-week high Monday as it is currently trading at $49.72, above its previous 52-week high of $49.46 with 159,604 shares traded as of 9:45 a.m. ET. Average volume has been 3.1 million shares over the past 30 days.

FirstEnergy has a market cap of $20.28 billion and is part of the utilities sector and utilities industry. Shares are up 11% year to date as of the close of trading on Friday.

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 17.3, below the average utilities industry P/E ratio of 17.9 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 revenue growth, compelling growth in net income, solid stock price performance, impressive record of earnings per share growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full FirstEnergy Ratings Report.

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