At the time of writing, WEC Energy Group Inc [WEC] stock is trading at $96.75, up 0.59%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WEC shares have gain 2.34% over the last week, with a monthly amount glided 4.00%, 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 September 20, 2024, when Jefferies initiated its Hold rating and assigned the stock a price target of $102. Previously, Goldman started tracking the stock with Neutral rating on April 10, 2024, and set its price target to $88. On February 02, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $84 on the stock. BofA Securities downgraded its rating to a Underperform and decreased its price target to $78 on January 04, 2024. BofA Securities downgraded its rating to a Neutral and reduced its price target to $86 on October 17, 2023. RBC Capital Mkts started tracking with a Sector Perform rating for this stock on September 27, 2023, and assigned it a price target of $95. In a note dated September 11, 2023, Ladenburg Thalmann initiated an Neutral rating and provided a target price of $85 on this stock.
For the past year, the stock price of WEC Energy Group Inc fluctuated between $75.13 and $96.65. Currently, Wall Street analysts expect the stock to reach $97.43 within the next 12 months. WEC Energy Group Inc [NYSE: WEC] shares were valued at $96.75 at the most recent close of the market. An investor can expect a potential return of 0.7% based on the average WEC price forecast.
Analyzing the WEC fundamentals
According to WEC Energy Group Inc [NYSE:WEC], the company’s sales were 8.63B for trailing twelve months, which represents an -3.17% plunge. 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 95.93 points at the first support level, and at 95.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 97.32, and for the 2nd resistance point, it is at 97.90.
Ratios To Look Out For
It is important to note that WEC Energy Group Inc [NYSE:WEC] has a current ratio of 0.74. Also, the Quick Ratio is 0.54, while the Cash Ratio stands at 0.08. Considering the valuation of this stock, the price to sales ratio is 3.54, the price to book ratio is 2.53 and price to earnings (TTM) ratio is 22.34.
Transactions by insiders
Recent insider trading involved Straka Mary Beth, Sr. VP-Corp Comm & Inv Rel, that happened on Aug 30 ’24 when 3240.0 shares were sold. Officer, MARY BETH STRAKA completed a deal on Aug 30 ’24 to buy 3240.0 shares. Meanwhile, Vice President & Controller Guc William J sold 6000.0 shares on Aug 28 ’24.
