WEC Energy Group Inc [WEC] stock prices are up 1.32% to $92.96 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The WEC shares have gain 4.11% over the last week, with a monthly amount glided 11.25%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
WEC Energy Group Inc [NYSE: WEC] stock has seen the most recent analyst activity on April 10, 2024, when Goldman initiated its Neutral rating and assigned the stock a price target of $88. Previously, JP Morgan downgraded its rating to Underweight on February 02, 2024, and dropped its price target to $84. On January 04, 2024, downgrade downgraded it’s rating to Underperform and revised its price target to $78 on the stock. BofA Securities downgraded its rating to a Neutral and decreased its price target to $86 on October 17, 2023. RBC Capital Mkts initiated its recommendation with a Sector Perform and recommended $95 as its price target on September 27, 2023. Ladenburg Thalmann started tracking with a Neutral rating for this stock on September 11, 2023, and assigned it a price target of $85. In a note dated August 23, 2023, Barclays initiated an Underweight rating and provided a target price of $83 on this stock.
The stock price of WEC Energy Group Inc [WEC] has been fluctuating between $75.13 and $92.23 over the past year. Currently, Wall Street analysts expect the stock to reach $96.57 within the next 12 months. WEC Energy Group Inc [NYSE: WEC] shares were valued at $92.96 at the most recent close of the market. An investor can expect a potential return of 3.88% based on the average WEC price forecast.
Analyzing the WEC fundamentals
The WEC Energy Group Inc [NYSE:WEC] reported sales of 8.63B for trailing twelve months, representing a drop of -3.17%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.11 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.55.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 92.09 points at the first support level, and at 91.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 93.45, and for the 2nd resistance point, it is at 93.95.
Ratios To Look Out For
It’s worth pointing out that WEC Energy Group Inc [NYSE:WEC]’s Current Ratio is 0.74. On the other hand, the Quick Ratio is 0.54, and the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 3.41, the price to book ratio is 2.43 and price to earnings (TTM) ratio is 21.47.
Transactions by insiders
Recent insider trading involved PAYNE ULICE JR, Director, that happened on Aug 08 ’24 when 750.0 shares were sold. Director, Ulice Payne Jr. completed a deal on Aug 08 ’24 to buy 750.0 shares. Meanwhile, Vice President and Treasurer Reese Anthony sold 1362.0 shares on Aug 07 ’24.
