A share price of WEC Energy Group Inc [WEC] is currently trading at $92.94, down -1.87%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WEC shares have lost -2.79% over the last week, with a monthly amount drifted -6.39%, 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 December 12, 2024, when BofA Securities upgraded its rating to a Neutral and also boosted its price target to $98 from $90. Previously, Jefferies started tracking the stock with Hold rating on September 20, 2024, and set its price target to $102. On April 10, 2024, Goldman initiated with a Neutral rating and assigned a price target of $88 on the stock. JP Morgan downgraded its rating to a Underweight and decreased its price target to $84 on February 02, 2024. BofA Securities downgraded its rating to a Underperform and reduced its price target to $78 on January 04, 2024. BofA Securities downgraded its rating to Neutral for this stock on October 17, 2023, and downed its price target to $86. In a note dated September 27, 2023, RBC Capital Mkts initiated an Sector Perform rating and provided a target price of $95 on this stock.
WEC Energy Group Inc experienced fluctuations in its stock price throughout the past year between $75.13 and $102.79. Currently, Wall Street analysts expect the stock to reach $95.67 within the next 12 months. WEC Energy Group Inc [NYSE: WEC] shares were valued at $92.94 at the most recent close of the market. An investor can expect a potential return of 2.94% 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 0.39% 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 92.27 points at the first support level, and at 91.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 94.24, and for the 2nd resistance point, it is at 95.53.
Ratios To Look Out For
To put it in perspective, the Current Ratio for WEC Energy Group Inc [NYSE:WEC] is 0.65. As well, the Quick Ratio is 0.46, while the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 3.45, the price to book ratio is 2.43 and price to earnings (TTM) ratio is 22.73.
Transactions by insiders
Recent insider trading involved Lauber Scott J, President and CEO, that happened on Nov 21 ’24 when 6720.0 shares were sold. Director, KLAPPA GALE E completed a deal on Nov 21 ’24 to sell 40269.0 shares. Meanwhile, Director KLAPPA GALE E sold 4000.0 shares on Nov 20 ’24.
