The key reasons why WEC Energy Group Inc (WEC) is -3.19% away from 52-week high?

Witnessing the stock’s movement on the chart, on Thursday, WEC Energy Group Inc (NYSE: WEC) had a quiet start as it plunged -0.39% to $89.29, before settling in for the price of $89.64 at the close. Taking a more long-term approach, WEC posted a 52-week range of $75.13-$92.23.

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The Utilities Sector giants’ yearly sales growth during the last 5-year period was 3.43%. Meanwhile, its Annual Earning per share during the time was 4.77%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 5.16%. This publicly-traded company’s shares outstanding now amounts to $316.08 million, simultaneously with a float of $315.45 million. The organization now has a market capitalization sitting at $28.22 billion. At the time of writing, stock’s 50-day Moving Average stood at $82.10, while the 200-day Moving Average is $81.72.

WEC Energy Group Inc (WEC) Ownership Facts and Figures

Nothing is more important than checking the behaviour of major investors towards the stock of the Utilities – Regulated Electric industry. WEC Energy Group Inc’s current insider ownership accounts for 0.20%, in contrast to 79.51% institutional ownership. According to the most recent insider trade that took place on Aug 08 ’24, this organization’s Director sold 750 shares at the rate of 88.45, making the entire transaction reach 66,340 in total value, affecting insider ownership by 21,876.

WEC Energy Group Inc (WEC) Earnings and Revenue Records

WEC Energy Group Inc’s EPS increase for this current 12-month fiscal period is 5.16% and is forecasted to reach 5.22 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 7.21% through the next 5 years, which can be compared against the 4.77% growth it accomplished over the previous five years trading on the market.

WEC Energy Group Inc (NYSE: WEC) Trading Performance Indicators

Let’s observe the current performance indicators for WEC Energy Group Inc (WEC). It’s Quick Ratio in the last reported quarter now stands at 0.54. The Stock has managed to achieve an average true range (ATR) of 1.63. Alongside those numbers, its PE Ratio stands at $20.62, and its Beta score is 0.42. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 3.27. Similarly, its price to free cash flow for trailing twelve months is now 55.44.

In the same vein, WEC’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 4.33, a figure that is expected to reach 0.88 in the next quarter, and analysts are predicting that it will be 5.22 at the market close of one year from today.

Technical Analysis of WEC Energy Group Inc (WEC)

Going through the that latest performance of [WEC Energy Group Inc, WEC]. Its last 5-days volume of 2.73 million indicated improvement to the volume of 2.2 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 52.77% While, its Average True Range was 1.67.

Raw Stochastic average of WEC Energy Group Inc (WEC) in the period of the previous 100 days is set at 80.08%, which indicates a major rise in contrast to 67.69% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 19.58% that was higher than 18.10% volatility it exhibited in the past 100-days period.