WEC Energy Group Inc [WEC] stock prices are up 1.45% to $99.45 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 2.20% over the last week, with a monthly amount glided 4.88%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
WEC Energy Group Inc [NYSE: WEC] stock has seen the most recent analyst activity on January 02, 2025, when Barclays upgraded its rating to a Equal Weight and also boosted its price target to $93 from $89. Previously, BofA Securities upgraded its rating to Neutral on December 12, 2024, and elevated its price target to $98. On September 20, 2024, Jefferies initiated with a Hold rating and assigned a price target of $102 on the stock. Goldman started tracking the stock assigning a Neutral rating and suggested a price target of $88 on April 10, 2024. JP Morgan downgraded its rating to a Underweight and reduced its price target to $84 on February 02, 2024. BofA Securities downgraded its rating to Underperform for this stock on January 04, 2024, and downed its price target to $78. In a note dated October 17, 2023, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $102 to $86.
The stock price of WEC Energy Group Inc [WEC] has been fluctuating between $75.13 and $102.79 over the past year. 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 $99.45 at the most recent close of the market. An investor can expect a potential drop of -3.8% based on the average WEC price forecast.
Analyzing the WEC fundamentals
The WEC Energy Group Inc [NYSE:WEC] reported sales of 8.53B for trailing twelve months, representing a drop of -4.80%. 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 98.84 points at the first support level, and at 98.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 99.90, and for the 2nd resistance point, it is at 100.34.
Ratios To Look Out For
It’s worth pointing out that WEC Energy Group Inc [NYSE:WEC]’s Current Ratio is 0.65. On the other hand, the Quick Ratio is 0.46, and the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 3.69, the price to book ratio is 2.60 and price to earnings (TTM) ratio is 24.32.
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.
