WEC Energy Group Inc (NYSE: WEC) has a price-to-earnings ratio that is above its average at 21.02x. The stock has a 36-month beta value of 0.43. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 3 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for WEC is 315.26M, and at present, short sellers hold a 2.60% of that float. On August 20, 2024, the average trading volume of WEC was 2.38M shares.
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WEC) stock’s latest price update
The stock price of WEC Energy Group Inc (NYSE: WEC) has surged by 0.98 when compared to previous closing price of 90.14, but the company has seen a 1.77% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-17 that The focus of this article is to provide a select list of 10 dividend stocks that, in our view, are currently undervalued and should provide an average of 4.5% plus yield for the foreseeable future. We use a simple and easy-to-implement filtering method to narrow down our list to probable candidates. In our view, these dividend stocks will provide sustainable yields with decent dividend growth that will likely meet and exceed the rate of inflation.
WEC’s Market Performance
WEC Energy Group Inc (WEC) has experienced a 1.77% rise in stock performance for the past week, with a 10.96% rise in the past month, and a 7.48% rise in the past quarter. The volatility ratio for the week is 1.43%, and the volatility levels for the past 30 days are at 1.92% for WEC. The simple moving average for the last 20 days is 4.28% for WEC stock, with a simple moving average of 11.27% for the last 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 10.38% 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 -1.31% of loss for the given period.
Volatility was left at 1.92%, however, over the last 30 days, the volatility rate increased by 1.43%, as shares surge +11.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.76% upper at present.
During the last 5 trading sessions, WEC rose by +1.57%, which changed the moving average for the period of 200-days by +10.03% in comparison to the 20-day moving average, which settled at $87.74. In addition, WEC Energy Group Inc saw 8.14% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WEC starting from PAYNE ULICE JR, who sale 750 shares at the price of $88.45 back on Aug 08 ’24. After this action, PAYNE ULICE JR now owns 21,876 shares of WEC Energy Group Inc, valued at $66,340 using the latest closing price.
Ulice Payne Jr., the Director of WEC Energy Group Inc, proposed sale 750 shares at $88.31 during a trade that took place back on Aug 08 ’24, which means that Ulice Payne Jr. is holding shares at $66,234 based on the most recent closing price.
Stock Fundamentals for WEC
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.39 for the gross margin
The net margin for WEC Energy Group Inc stands at 0.16. The total capital return value is set at 0.05. Equity return is now at value 11.49, with 3.13 for asset returns.
Based on WEC Energy Group Inc (WEC), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 1.55. The interest coverage ratio of the stock is 2.93.
Currently, EBITDA for the company is 3.35 billion with net debt to EBITDA at 5.08. When we switch over and look at the enterprise to sales, we see a ratio of 5.48. The receivables turnover for the company is 6.94for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.74.
Conclusion
To sum up, WEC Energy Group Inc (WEC) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
