WEC Energy Group Inc. (NYSE:WEC) finished Friday with an addition of $0.51 to close at $85.10, an upside of 0.60 percent. An average of 1,043,840 shares of common stock have been traded in the last five days. There was a fall of -$0.89 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,285,365 shares traded, while the 50-day average volume stands at 1,265,546.
WEC stock has decreased by -6.05% in the last month. The company shares reached their 1-month lowest point of $84.22 on 08/23/23. With the stock rallying to its 52-week high on 04/06/23, shares of the company touched a low of $80.82 and a high of $107.60 in 52 weeks. It has reached a new high 7 times so far this year and lost -9.24% or -$8.66 in price. In spite of this, the price is down -20.91% from the 52-week high.
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Insider Transactions
WEC stock investors should be aware that WEC Energy Group Inc. (WEC) stock had its last reported insider trading activity 109 days ago on May 09. In this transaction, the insider spent $141,534. Director, PAYNE ULICE JR, disposed of 950 shares at a price of $97.59 on Nov 28. The insider now owns more than $92,708 worth of shares. Prior to that, President and CEO Lauber Scott J went on to Sale 5,000 shares at $97.18 each on Nov 22. An amount of $485,879 was transacted.
Valuation Metrics
WEC Energy Group Inc. (WEC) has a trailing price-to-earnings (P/E) ratio of 19.89. The stock’s beta is 0.41. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.86, the price-to-book (PB) ratio at 2.30.
The company has a payout ratio of 70.30%. The company’s most recent quarterly dividend payment was $0.78 a share, without any change from last year. Its latest increase dividend $0.0525 reported on Tuesday December 13 2022.
Financial Health
The quick ratio of WEC Energy Group Inc. for the three months ended June 29 was 0.50, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.34 and a total debt to equity ratio of 1.55 for the quarter ending June 29. WEC Energy Group Inc.’s EBITDA margin for the year ending June 29 is 28.50%, while its operating margin for the same period stands at 20.30%. Its gross profit as reported stood at $1.92 billion compared to revenue of $9.6 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, WEC Energy Group Inc.’s return on assets was 3.20%.
Earnings Surprise
For the three-month period that ended June 29, WEC Energy Group Inc. had $15.61 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $289.7 million in the quarter, while revenues were grew 0.76%. The analyst consensus anticipated WEC Energy Group Inc.’s latest quarter earnings to come in at $0.85 per share, but it turned out to be $0.92, a 8.20% surprise. For the quarter, EBITDA amounted to $739.2 million. Shareholders own equity worth $315.44 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at WEC Energy Group Inc. (WEC) price momentum. RSI 9-day as of the close on 25 August was 37.72%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.69%.
As of today, WEC’s price is $84.92 -1.04% or -$0.89 from its 5-day moving average. WEC is currently trading -5.51% lower than its 20-day SMA and -9.73% lower than its 100-day SMA. However, the stock’s current price level is -6.00% below the SMA50 and -5.57% below the SMA200.
The stochastic %K and %D were 13.46% and 12.96%, respectively, and the average true range (ATR) was 1.29. With the 14-day stochastic at 21.15% and the average true range at 1.37, the RSI (14) stands at 37.77%. The stock has reached -0.16 on the 9-day MACD Oscillator while the 14-day reading was at -0.88.
Analyst Ratings
Barclays launched coverage on WEC Energy Group Inc. (NYSE: WEC) in its analyst report released on August 23, 2023. The firm assigned the stock an Underweight rating. The consensus rating for WEC Energy Group Inc. (WEC) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell WEC, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 5 others rate it as a “buy”.
What is WEC’s price target for the next 12 months?
Analysts predict a range of price targets between $83.00 and $111.00, with a median target of $98.00. Taking a look at these predictions, the average price target given by analysts for WEC Energy Group Inc. (WEC) stock is $97.09.
