As of Wednesday close, WEC Energy Group Inc.’s (NYSE:WEC) stock was up $0.73, moving up 0.87 percent to $84.96. The average number of shares traded per day over the past five days has been 1,230,500 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.32 fall in that time frame. In the last twenty days, the average volume was 1,294,315, while in the previous 50 days, it was 1,320,718.
Since last month, WEC stock retreated -4.19%. Shares of the company fell to $84.22 on 08/15/23, the lowest level in the past month. A 52-week high of $108.20 was reached on 04/06/23 after having rallying from a 52-week low of $80.82. Since the beginning of this year, WEC’s stock price has dropped by -9.39% or -$8.80, and marked a new high 7 times. However, the stock has declined by -21.48% since its 52-week high.
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WEC stock investors should be aware that WEC Energy Group Inc. (WEC) stock had its last reported insider trading activity 100 days ago on May 09. PAYNE ULICE JR, the Director of the company, disposed of 1,500 shares for $94.36 on May 09. It resulted in a $141,534 divestment by the insider. PAYNE ULICE JR sold 950 shares at an average price of $97.59 on Nov 28. The insider now owns 21,375 shares following the transaction. On Nov 22, President and CEO Lauber Scott J sold 5,000 shares at $97.18 apiece. The transaction was valued at $485,879.
Valuation Metrics
Right now, WEC Energy Group Inc. (WEC) has a P/E ratio of about 19.86. The stock’s beta is 0.41. Besides these, the trailing price-to-sales (P/S) ratio of 2.90, the price-to-book (PB) ratio of 2.29.
The latest dividend of $0.78 per share was paid out, remained unchanged from last year’s $0.78. On Tuesday December 13 2022, a $0.0525 dividend increase was announced.
Financial Health
In the three months ended June 29, WEC Energy Group Inc.’s quick ratio stood at 0.50, while its current ratio was 0.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.34, and the total debt-to-equity ratio was 1.55. On the profitability front, the trailing twelve-month gross margin is 58.20% percent. In the year ended June 29, EBITDA margin amounted to 28.50%, whereas operating margins totaled 20.30%. Based on annual data, WEC earned $1.92 billion in gross profit and brought in $9.6 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.60%. Return on equity (ROE) for the past 12 months was 11.70%.
In WEC Energy Group Inc.’s quarter-end financial report for June 29, it reported total debt of $15.61 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. WEC’s revenue fell -16.28% to $2.89 billion during the quarter, while net income inched up to $1.83 billion. While analysts expected WEC Energy Group Inc. to report $0.85 quarterly earnings, the actual figure was $0.92 per share, beating the consensus estimate by 8.20%. During the quarter, the company generated $739.2 million in EBITDA. The liabilities of WEC Energy Group Inc. were 30.99 billion at the end of its most recent quarter ended June 29, and its total debt was $18.08 billion. The value of shareholders’ equity is $315.44 million.
Technical Picture
This quick technical analysis looks at WEC Energy Group Inc.’s (WEC) price momentum. With a historical volatility rate of 13.17%, the RSI 9-day stood at 26.72% on 16 August.
With respect to its five-day moving average, the current WEC Energy Group Inc. price is down by -2.66% percent or -$2.32. At present, WEC shares trade -5.21% below its 20-day simple moving average and -5.53% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.18% below its SMA50 and -4.24% below its SMA200.
Stochastic coefficient K was 5.76% and Stochastic coefficient D was 6.54%, while ATR was 1.48. Given the Stochastic reading of 10.25% for the 14-day period, the RSI (14) reading has been calculated as 32.07%. As of today, the MACD Oscillator reading stands at -1.43, while the 14-day reading stands at -2.47.
Analyst Ratings
KeyBanc Capital Markets reiterated its an Overweight rating on WEC Energy Group Inc. (NYSE: WEC) in a note to investors. The analysts firm has however raised their price target to $102, representing a possible 17.51% increase in the stock price. WEC Energy Group Inc. (WEC) has been rated Overweight by analysts. According to 0 brokerage firms, WEC is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate WEC Energy Group Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $98.50, the current consensus forecast for the stock is $90.00 – $111.00. Based on these forecasts, analysts predict WEC Energy Group Inc. (WEC) will achieve an average price target of $98.70.
