WEC Energy Group Inc (WEC) concluded trading on Wednesday at a closing price of $80.76, with 12.79 million shares of worth about $1.03 billion changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.88% during that period and on Wednesday, January 31 the price remained unchanged. Currently the company’s common shares owned by public are about 315.43M shares, out of which, 314.92M shares are available for trading.
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.
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Stock saw a price change of 2.15% in past 5 days and over the past one month there was a price change of -4.05%. Year-to-date (YTD), WEC shares are showing a performance of -4.05% which decreased to -12.81% 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 2.15 million. The stock is currently trading -2.12% below its 20-day simple moving average (SMA20), while that difference is down -2.67% for SMA50 and it goes to -6.43% lower than SMA200.
WEC Energy Group Inc (NYSE: WEC) currently have 315.43M outstanding shares and institutions hold larger chunk of about 77.02% of that.
The stock has a current market capitalization of $25.47B and its 3Y-monthly beta is at 0.41. PE ratio of stock for trailing 12 months is 18.68, while it has posted earnings per share of $4.32 in the same period. Its PEG reads 3.43 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 1.68% while standing at 1.80% over the month.
Analysts are in expectations that WEC Energy Group Inc (WEC) stock would likely to be making an EPS of $1.08 in the current quarter, while forecast for next quarter EPS is $1.62 and it is $4.9 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.07 which is $1.1 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 3.61% while it is estimated to increase by 6.31% 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.
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.
