WEC Energy Group Inc (NYSE: WEC) kicked off on Friday, up 1.39% from the previous trading day, before settling in for the closing price of $80.44. Over the past 52 weeks, WEC has traded in a range of $75.13-$98.80.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Utilities sector was 3.43%. While this was happening, its average annual earnings per share was recorded 5.30%. With a float of $315.05 million, this company’s outstanding shares have now reached $315.43 million.
Considering the fact that the conglomerate employs 7000 people, you should pay attention to its efficiency factor.
WEC Energy Group Inc (WEC) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Utilities – Regulated Electric Industry. The insider ownership of WEC Energy Group Inc is 0.16%, while institutional ownership is 79.11%. 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) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 66.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.30% 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
Take a look at WEC Energy Group Inc’s (WEC) current performance indicators. Last quarter, 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 2.89. Likewise, its price to free cash flow for the trailing twelve months is 51.13.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.22, a number that is poised to hit 1.86 in the next quarter and is forecasted to reach 5.23 in one year’s time.
Technical Analysis of WEC Energy Group Inc (WEC)
Compared to the last year’s volume of 2.15 million, its volume of 1.62 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 68.02%. Additionally, its Average True Range was 1.47.
During the past 100 days, WEC Energy Group Inc’s (WEC) raw stochastic average was set at 51.33%, which indicates a significant decrease from 78.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.92% in the past 14 days, which was lower than the 21.12% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $79.68, while its 200-day Moving Average is $82.97. Nevertheless, the first resistance level for the watch stands at $82.15 in the near term. At $82.75, the stock is likely to face the second major resistance level. The third major resistance level sits at $83.54. If the price goes on to break the first support level at $80.77, it is likely to go to the next support level at $79.98. Should the price break the second support level, the third support level stands at $79.38.
WEC Energy Group Inc (NYSE: WEC) Key Stats
The company with the Market Capitalisation of 25.74 billion has total of 315,435K Shares Outstanding. Its annual sales at the moment are 8,893 M in contrast with the sum of 1,333 M annual income. Company’s last quarter sales were recorded 2,218 M and last quarter income was 218,800 K.
