WEC Energy Group Inc (NYSE: WEC) on Tuesday, soared 0.45% from the previous trading day, before settling in for the closing price of $77.69. Within the past 52 weeks, WEC’s price has moved between $75.13 and $93.37.
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It was noted that within the last five years, the titan of the Utilities sector saw sales topped by 3.43%. The company achieved an average annual earnings per share of 5.15%. With a float of $315.32 million, this company’s outstanding shares have now reached $315.43 million.
The extent of productivity of a business whose workforce counts for 7000 workers is very important to gauge.
WEC Energy Group Inc (WEC) Insider Updates
Observing investor behavior towards Utilities – Regulated Electric industry stocks is more important than anything else. The insider ownership of WEC Energy Group Inc is 0.16%, while institutional ownership is 79.22%. 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 5.15% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.21% 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
WEC Energy Group Inc (WEC) is currently performing well based on its current performance indicators. A quick ratio of 0.42 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.84. Likewise, its price to free cash flow for the trailing twelve months is 47.69.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.58, a number that is poised to hit 0.79 in the next quarter and is forecasted to reach 5.22 in one year’s time.
Technical Analysis of WEC Energy Group Inc (WEC)
The latest stats from [WEC Energy Group Inc, WEC] show that its last 5-days average volume of 1.51 million was inferior to 2.14 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 18.29%. Additionally, its Average True Range was 1.12.
During the past 100 days, WEC Energy Group Inc’s (WEC) raw stochastic average was set at 26.90%, which indicates a significant increase from 12.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.87% in the past 14 days, which was lower than the 17.65% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $81.35, while its 200-day Moving Average is $81.46. Now, the first resistance to watch is $78.22. This is followed by the second major resistance level at $78.39. The third major resistance level sits at $78.63. If the price goes on to break the first support level at $77.81, it is likely to go to the next support level at $77.57. Assuming the price breaks the second support level, the third support level stands at $77.40.
WEC Energy Group Inc (NYSE: WEC) Key Stats
Market capitalization of the company is 24.65 billion based on 315,823K outstanding shares. Right now, sales total 8,893 M and income totals 1,333 M. The company made 2,680 M in profit during its latest quarter, and 622,600 K in sales during its previous quarter.
