A new trading day began on May 22, 2023, with WEC Energy Group Inc. (NYSE: WEC) stock priced at $89.89, down -0.04% from the previous day of trading. During the day, the shares moved up to $90.70 and dropped to $89.655 before settling in for the closing price of $89.92. WEC’s price has ranged from $80.82 to $108.39 over the past 52 weeks.
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During the last 5-year period, the sales growth of Utilities Sector giant was 4.60%. Meanwhile, its annual earnings per share averaged 8.40%. With a float of $315.03 million, this company’s outstanding shares have now reached $315.40 million.
Let’s determine the extent of company efficiency that accounts for 7022 employees. In terms of profitability, gross margin is +19.45, operating margin of +16.81, and the pretax margin is +18.05.
WEC Energy Group Inc. (WEC) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Utilities – Regulated Electric Industry. The insider ownership of WEC Energy Group Inc. is 0.14%, while institutional ownership is 76.50%. The most recent insider transaction that took place on May 09, was worth 141,534. In this transaction Director of this company sold 1,500 shares at a rate of $94.36, taking the stock ownership to the 21,503 shares. Before that another transaction happened on Nov 28, when Company’s Director sold 950 for $97.59, making the entire transaction worth $92,708. This insider now owns 21,375 shares in total.
WEC Energy Group Inc. (WEC) Earnings and Forecasts
In its latest quarterly report, released on 3/30/2023, the company reported earnings of $1.61 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +14.68 while generating a return on equity of 12.61. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.40% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.50% during the next five years compared to 7.20% growth over the previous five years of trading.
WEC Energy Group Inc. (NYSE: WEC) Trading Performance Indicators
Here are WEC Energy Group Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.94.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.27, a number that is poised to hit 0.91 in the next quarter and is forecasted to reach 4.91 in one year’s time.
Technical Analysis of WEC Energy Group Inc. (WEC)
Looking closely at WEC Energy Group Inc. (NYSE: WEC), its last 5-days average volume was 1.64 million, which is a jump from its year-to-date volume of 1.32 million. As of the previous 9 days, the stock’s Stochastic %D was 12.58%. Additionally, its Average True Range was 1.63.
During the past 100 days, WEC Energy Group Inc.’s (WEC) raw stochastic average was set at 28.45%, which indicates a significant increase from 14.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.77% in the past 14 days, which was lower than the 20.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $94.61, while its 200-day Moving Average is $95.09. However, in the short run, WEC Energy Group Inc.’s stock first resistance to watch stands at $90.50. Second resistance stands at $91.12. The third major resistance level sits at $91.55. If the price goes on to break the first support level at $89.46, it is likely to go to the next support level at $89.03. Should the price break the second support level, the third support level stands at $88.41.
WEC Energy Group Inc. (NYSE: WEC) Key Stats
With a market capitalization of 28.17 billion, the company has a total of 315,440K Shares Outstanding. Currently, annual sales are 9,597 M while annual income is 1,409 M. The company’s previous quarter sales were 2,888 M while its latest quarter income was 507,800 K.
