In the past week, WEC stock has gone up by 1.51%, with a monthly gain of 3.69% and a quarterly surge of 18.11%. The volatility ratio for the week is 1.31%, and the volatility levels for the last 30 days are 1.30% for WEC Energy Group Inc. The simple moving average for the past 20 days is 2.43% for WEC’s stock, with a 16.82% simple moving average for the past 200 days.
Is It Worth Investing in WEC Energy Group Inc (NYSE: WEC) Right Now?
WEC Energy Group Inc (NYSE: WEC) has a higher price-to-earnings ratio of 22.79x compared to its average ratio, The 36-month beta value for WEC is at 0.44. 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.”
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The public float for WEC is 315.58M, and currently, shorts hold a 2.98% of that float. The average trading volume for WEC on October 23, 2024 was 2.28M shares.
WEC) stock’s latest price update
The stock price of WEC Energy Group Inc (NYSE: WEC) has dropped by -0.74 compared to previous close of 99.43. Despite this, the company has seen a gain of 1.51% in its stock price over the last five trading days. zacks.com reported 2024-10-18 that Investors looking for stocks in the Utility – Electric Power sector might want to consider either Entergy (ETR) or WEC Energy Group (WEC). But which of these two stocks offers value investors a better bang for their buck right now?
Analysts’ Opinion of WEC
Many brokerage firms have already submitted their reports for WEC stocks, with Jefferies repeating the rating for WEC by listing it as a “Hold.” The predicted price for WEC in the upcoming period, according to Jefferies is $102 based on the research report published on September 20, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see WEC reach a price target of $88. The rating they have provided for WEC stocks is “Neutral” according to the report published on April 10th, 2024.
JP Morgan gave a rating of “Underweight” to WEC, setting the target price at $84 in the report published on February 02nd of the current year.
WEC Trading at 4.42% 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 -1.61% of loss for the given period.
Volatility was left at 1.30%, however, over the last 30 days, the volatility rate increased by 1.31%, as shares surge +4.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.59% upper at present.
During the last 5 trading sessions, WEC rose by +1.51%, which changed the moving average for the period of 200-days by +14.44% in comparison to the 20-day moving average, which settled at $96.35. In addition, WEC Energy Group Inc saw 17.25% 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 Straka Mary Beth, who sale 3,240 shares at the price of $93.04 back on Aug 30 ’24. After this action, Straka Mary Beth now owns 3,662 shares of WEC Energy Group Inc, valued at $301,435 using the latest closing price.
MARY BETH STRAKA, the Officer of WEC Energy Group Inc, proposed sale 3,240 shares at $93.04 during a trade that took place back on Aug 30 ’24, which means that MARY BETH STRAKA is holding shares at $301,435 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 5.77. 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
In conclusion, WEC Energy Group Inc (WEC) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
