A share price of WEC Energy Group Inc [WEC] is currently trading at $99.05, down -0.23%. 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 1.23% over the last week, with a monthly amount drifted -0.38%, and not 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.
WEC Energy Group Inc experienced fluctuations in its stock price throughout the past year between $75.13 and $100.31. Currently, Wall Street analysts expect the stock to reach $99.14 within the next 12 months. WEC Energy Group Inc [NYSE: WEC] shares were valued at $99.05 at the most recent close of the market. An investor can expect a potential return of 0.09% based on the average WEC price forecast.
Analyzing the WEC fundamentals
Trailing Twelve Months sales for WEC Energy Group Inc [NYSE:WEC] were 8.53B which represents -4.80% decline. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.15%. 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 1.59.
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 98.51 points at the first support level, and at 97.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 99.45, and for the 2nd resistance point, it is at 99.84.
Ratios To Look Out For
To put it in perspective, the Current Ratio for WEC Energy Group Inc [NYSE:WEC] is 0.65. Also, the Quick Ratio is 0.46, while the Cash Ratio stands at 0.09. Considering the valuation of this stock, the price to sales ratio is 3.67, the price to book ratio is 2.59 and price to earnings (TTM) ratio is 24.23.
Transactions by insiders
Recent insider trading involved Reese Anthony, Vice President and Treasurer, that happened on Nov 18 ’24 when 3684.0 shares were sold. Director, Ulice Payne Jr. completed a deal on Nov 19 ’24 to buy 500.0 shares. Meanwhile, Officer ANTHONY REESE bought 3684.0 shares on Nov 18 ’24.
