A new trading day began on Tuesday, with WEC Energy Group Inc (NYSE: WEC) stock price down -1.38% from the previous day of trading, before settling in for the closing price of $78.89. WEC’s price has ranged from $75.13 to $98.80 over the past 52 weeks.
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A company in the Utilities sector has jumped its sales by 3.43% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 5.31%. With a float of $315.05 million, this company’s outstanding shares have now reached $315.43 million.
In an organization with 7000 employees, it is important to assess its efficiency.
WEC Energy Group Inc (WEC) Insider Updates
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 0.16%, while institutional ownership is 79.08%. The most recent insider transaction that took place on Feb 29 ’24, was worth 2,925,605. In this transaction Executive Chairman of this company sold 37,180 shares at a rate of $78.69, taking the stock ownership to the 274,782 shares. Before that another transaction happened on Feb 29 ’24, when Company’s President and CEO sold 2,830 for $78.89, making the entire transaction worth $223,247. This insider now owns 43,125 shares in total.
WEC Energy Group Inc (WEC) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 5.31% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.98% during the next five years compared to 4.77% 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 0.40. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.76. Likewise, its price to free cash flow for the trailing twelve months is 48.77.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.22, a number that is poised to hit 1.84 in the next quarter and is forecasted to reach 5.23 in one year’s time.
Technical Analysis of WEC Energy Group Inc (WEC)
Let’s dig in a bit further. During the last 5-days, its volume was 1.56 million. That was inferior than the volume of 2.18 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 11.27%. Additionally, its Average True Range was 1.44.
During the past 100 days, WEC Energy Group Inc’s (WEC) raw stochastic average was set at 21.33%, which indicates a significant increase from 5.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.39% in the past 14 days, which was higher than the 20.65% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $79.54, while its 200-day Moving Average is $83.10. However, in the short run, WEC Energy Group Inc’s stock first resistance to watch stands at $78.44. Second resistance stands at $79.09. The third major resistance level sits at $79.54. If the price goes on to break the first support level at $77.34, it is likely to go to the next support level at $76.89. Assuming the price breaks the second support level, the third support level stands at $76.24.
WEC Energy Group Inc (NYSE: WEC) Key Stats
With a market capitalization of 24.55 billion, the company has a total of 315,435K Shares Outstanding. Currently, annual sales are 8,893 M while annual income is 1,333 M. The company’s previous quarter sales were 2,218 M while its latest quarter income was 218,800 K.
