WEC Energy Group Inc (WEC) concluded trading on 01/11/24 at a closing price of $82.12, with 3.44 million shares of worth about $282.2 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.27% during that period and on Thursday the price saw a loss of about -4.05%. Currently the company’s common shares owned by public are about 315.43M shares, out of which, 314.91M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 18 analysts are covering the WEC stock and their offered price forecasts bring an average price target of $88.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $95.00 and could fall to a lowest price of $78.00. The stock’s current price level is 7.21% above of average price target set by the analysts, while a rise to estimated low would result in loss of -5.28% for the stock. However, touching the estimated high of $95.00 would mean a gain of 13.56% for the stock.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 4 times over the past 12 months. They bought 630 shares in 1 of the transactions. In 3 selling transactions, insiders dumped 2,650 shares.
WEC Energy Group Inc (NYSE: WEC) started trading at $85.33, below -$0.26 from concluding price of the previous day. However, the stock later moved at a day high price of 85.33, or with a loss of -4.05%. Stock saw a price change of -4.42% in past 5 days and over the past one month there was a price change of -2.48%. Year-to-date (YTD), WEC shares are showing a performance of -2.44% which decreased to -15.10% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $75.47 but also hit the highest price of $99.26 during that period. The average intraday trading volume for WEC Energy Group Inc shares is 1.98 million. The stock is currently trading -2.63% below its 20-day simple moving average (SMA20), while that difference is down -1.33% for SMA50 and it goes to -5.94% lower than SMA200.
WEC Energy Group Inc (NYSE: WEC) currently have 315.43M outstanding shares and institutions hold larger chunk of about 77.09% of that.
The stock has a current market capitalization of $25.90B and its 3Y-monthly beta is at 0.41. PE ratio of stock for trailing 12 months is 18.99, while it has posted earnings per share of $4.32 in the same period. Its PEG reads 3.48 and has Quick Ratio of 0.42 while making debt-to-equity ratio of 1.55. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WEC, volatility over the week remained 2.15% while standing at 2.05% over the month.
Analysts are in expectations that WEC Energy Group Inc (WEC) stock would likely to be making an EPS of $1.09 in the current quarter, while forecast for next quarter EPS is $1.51 and it is $4.91 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.07 which is $1.11 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.8 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 3.64% while it is estimated to increase by 6.38% in next year. EPS is likely to grow at an annualized rate of 5.45% for next 5-years, compared to annual growth of 3.28% made by the stock over the past 5-years.
Analysts at 18 brokerage firms have issued recommendations for the WEC Energy Group Inc (WEC)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.56. Out of those 18 Wall Street analysts, 5 recommended a “Buy” rating, while 10 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on January 04, 2024 offering an Underperform rating for the stock and assigned a target price range of between $84 and $78 to it.
