WEC Energy Group Inc (NYSE: WEC) has a higher price-to-earnings ratio of 18.45x compared to its average ratio, The 36-month beta value for WEC is at 0.41. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 3 rating it as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for WEC is 315.05M, and currently, shorts hold a 2.55% of that float. The average trading volume for WEC on April 17, 2024 was 2.17M shares.
WEC) stock’s latest price update
The stock price of WEC Energy Group Inc (NYSE: WEC) has plunged by -1.38 when compared to previous closing price of 78.89, but the company has seen a -5.02% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-10 that Investors interested in stocks from the Utility – Electric Power sector have probably already heard of NiSource (NI) and WEC Energy Group (WEC). But which of these two companies is the best option for those looking for undervalued stocks?
WEC’s Market Performance
WEC’s stock has fallen by -5.02% in the past week, with a monthly drop of -3.69% and a quarterly drop of -5.78%. The volatility ratio for the week is 1.81% while the volatility levels for the last 30 days are 1.60% for WEC Energy Group Inc The simple moving average for the past 20 days is -3.39% for WEC’s stock, with a -6.43% simple moving average for the past 200 days.
Analysts’ Opinion of WEC
Many brokerage firms have already submitted their reports for WEC stocks, with Goldman repeating the rating for WEC by listing it as a “Neutral.” The predicted price for WEC in the upcoming period, according to Goldman is $88 based on the research report published on April 10, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see WEC reach a price target of $84, previously predicting the price at $90. The rating they have provided for WEC stocks is “Underweight” according to the report published on February 02nd, 2024.
BofA Securities gave a rating of “Underperform” to WEC, setting the target price at $78 in the report published on January 04th of the current year.
WEC Trading at -2.24% from the 50-Day Moving Average
After a stumble in the market that brought WEC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.26% of loss for the given period.
Volatility was left at 1.60%, however, over the last 30 days, the volatility rate increased by 1.81%, as shares sank -3.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.58% lower at present.
During the last 5 trading sessions, WEC fell by -5.02%, which changed the moving average for the period of 200-days by -10.83% in comparison to the 20-day moving average, which settled at $80.37. In addition, WEC Energy Group Inc saw -7.57% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WEC starting from KLAPPA GALE E, who sale 37,180 shares at the price of $78.69 back on Feb 29 ’24. After this action, KLAPPA GALE E now owns 274,782 shares of WEC Energy Group Inc, valued at $2,925,605 using the latest closing price.
Lauber Scott J, the President and CEO of WEC Energy Group Inc, sale 2,830 shares at $78.89 during a trade that took place back on Feb 29 ’24, which means that Lauber Scott J is holding 43,125 shares at $223,247 based on the most recent closing price.
Stock Fundamentals for WEC
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.43 for the gross margin
The net margin for WEC Energy Group Inc stands at 0.15. The total capital return value is set at 0.05. Equity return is now at value 11.51, with 3.04 for asset returns.
Based on WEC Energy Group Inc (WEC), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 1.6. The interest coverage ratio of the stock is 2.87.
Currently, EBITDA for the company is 3.35 billion with net debt to EBITDA at 5.19. When we switch over and look at the enterprise to sales, we see a ratio of 4.87. The receivables turnover for the company is 5.92for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.55.
Conclusion
In conclusion, WEC Energy Group Inc (WEC) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
