|Bid||36.01 x 800|
|Ask||0.00 x 1800|
|Day's Range||38.55 - 39.18|
|52 Week Range||30.13 - 39.88|
|Beta (3Y Monthly)||0.22|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.52 (3.93%)|
|1y Target Est||N/A|
Southwest Gas (SWX) is an attractive investment option right now, owing to its long-term capital expenditure plans and expanding customer base.
One Gas (OGS) unveils its long-term capital expenditure plans, and expects 2019 earnings to benefit from new rates as well as normal weather.
# FirstEnergy Corp ### NYSE:FE View full report here! ## Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is moderate and declining * Economic output in this company's sector is contracting ## Bearish sentiment Short interest | Positive Short interest is moderate for FE with between 5 and 10% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on December 28. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $12.77 billion over the last one-month into ETFs that hold FE are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit There is no PMI sector data available for this security. ## Credit worthiness Credit default swap | Neutral The current level displays a neutral indicator. FE credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Utilities: Analyzing Gains and Losses Last Week(Continued from Prior Part)Top gainers in 2018 On average, utilities rose 2% in 2018. Including dividends, they returned more than 5%, while broader markets lost 6% in 2018. NRG Energy (NRG) and AES
Analyzing Utilities in the Week Ending January 4 (Continued from Prior Part) ## Valuation FirstEnergy (FE) stock seems to have an attractive valuation. FirstEnergy has a lower valuation multiple than its historical average and peers’ average. FirstEnergy’s forward PE ratio, based on analysts’ 2019 EPS estimate, is 14x. The company’s five-year historical average is ~17x. First Energy’s peers’ average is also close to similar levels. FirstEnergy is among the top-gaining utility (XLU) stocks in 2018. The company’s business mix improved last year. FirstEnergy became an entirely regulated utility. The company’s earnings and dividend profile are expected to stabilize in the coming quarters. ## Are utilities a good bargain? American Electric Power (AEP) stock is trading at a forward PE ratio of 17.7x based on its EPS estimates in 2019. American Electric Power’s five-year historical average valuation is close to 17x. American Electric Power looks to be trading at a premium valuation compared to its peers and its historical average. Xcel Energy (XEL), one of the top regulated utilities, is trading at a forward PE ratio of 18.5x—marginally lower than its five-year historical average. Exelon (EXC) stock has a forward PE ratio of 14x, which is lower than many of its peers’ ratios and its five-year average of ~17x. Exelon reported solid earnings growth in 2018. The stock rallied more than 16% last year. The company’s earnings growth is expected to slow down in 2019 based on the estimates. Read NEE, DUK, SO, and D: How Are Top Utility Stocks Valued in 2019? to learn more. Continue to Next Part Browse this series on Market Realist: * Part 1 - Utilities: Gains and Losses Last Week * Part 2 - XLU: What to Expect from Utilities in 2019 * Part 3 - Utilities versus Broader Markets’ Total Returns
Of the 18 analysts tracking FirstEnergy (FE), eight recommend “buy,” six recommend “hold,” and four recommend “strong buy.” Their median target price of $40.70 for the stock implies a ~14% upside over the next 12 months based on its current price of $35.80.
FirstEnergy’s (FE) forward dividend yield is 4.2%—higher than many top utilities’ and just below its five year average of ~4.8%. Meanwhile, the Utilities Select Sector SPDR ETF’s (XLU) forward yield is 3.4%, Xcel Energy’s (XEL) is 3.3%, and Consolidated Edison’s (ED) is 3.9%. FirstEnergy’s dividend growth has been disappointing, mainly due to its relatively unstable earnings.
FirstEnergy (FE) stock’s valuation is lower than its historical average and peers’ average. Its forward PE multiple, based on analysts’ 2019 EPS estimate, is 14x. Meanwhile, its five-year historical average is ~17x and peers’ average is ~15x.
Utilities have been following a downtrend recently, plummeting more than 10% since early last week. One of the top-gaining utility stocks this year, FirstEnergy (FE), is currently trading weakly at $35.80, ~6% and ~1% below its 50-day and 200-day moving averages, respectively. Going forward, $36.10 and $38 could act as a resistance for the stock.
We modestly reduced our outlook for the utility as we think the a renewal of Ohio Distribution Modernization Rider is unlikely and industrial sales growth is expected to slow.
PNM Resources (PNM) continues to improve its quality of services. In this regard, it adds a new technology to its existing operation.
FE credit default swap spreads are at their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to firstname.lastname@example.org.
Utilities: How the Worst Week for Markets Played Out(Continued from Prior Part)Valuation Let’s take a look at the valuations of the top-rallied utilities in 2018. One of the smallest constituents of the Utilities ETF (XLU), AES (AES) is trading at a forward PE ratio of 11.
Competitive utility AES (AES) is the top gainer among utilities in 2018. AES has gained more than 33% in 2018. NRG Energy (NRG) stock has risen ~31% YTD (year-to-date). Better-than-expected quarterly earnings prompted AES and NRG Energy’s market performance in 2018. Being on track with the transformation plan played out well for NRG Energy investors.
FirstEnergy Solutions Corp. won court approval to put an Ohio power plant on the auction block with bids starting at $144 million in cash.
Billionaire Paul Singer of Elliott Management has been described by Bloomberg as “the world’s most feared investor”. Other outlets have referred to his $35 billion hedge fund in somewhat less glowing terms, with “vulture fund” ranking highly on that list due to the firm’s tendency to prey on distressed companies or situations and attempt to […]