WEC Energy Group Inc (NYSE: WEC) kicked off on Friday, up 0.04% from the previous trading day, before settling in for the closing price of $95.53. Over the past 52 weeks, WEC has traded in a range of $75.13-$100.31.
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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. While this was happening, its average annual earnings per share was recorded 5.03%. With a float of $315.58 million, this company’s outstanding shares have now reached $316.08 million.
In an organization with 7000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 45.69%, operating margin of 24.4%, and the pretax margin is 17.25%.
WEC Energy Group Inc (WEC) Insider Updates
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 79.20%. The most recent insider transaction that took place on Aug 30 ’24, was worth 301,435. In this transaction Sr. VP-Corp Comm & Inv Rel of this company sold 3,240 shares at a rate of $93.04, taking the stock ownership to the 3,662 shares. Before that another transaction happened on Aug 30 ’24, when Company’s Officer proposed sale 3,240 for $93.04, making the entire transaction worth $301,435.
WEC Energy Group Inc (WEC) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 5.03% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.75% 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 0.46. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.54. Likewise, its price to free cash flow for the trailing twelve months is 88.34.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.09, a number that is poised to hit 1.50 in the next quarter and is forecasted to reach 5.22 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 2.53 million. That was better than the volume of 2.15 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 14.19%. Additionally, its Average True Range was 1.55.
During the past 100 days, WEC Energy Group Inc’s (WEC) raw stochastic average was set at 79.25%, which indicates a significant increase from 11.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.02% in the past 14 days, which was lower than the 15.10% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $95.54, while its 200-day Moving Average is $85.03. However, in the short run, WEC Energy Group Inc’s stock first resistance to watch stands at $97.74. Second resistance stands at $99.91. The third major resistance level sits at $101.23. If the price goes on to break the first support level at $94.24, it is likely to go to the next support level at $92.92. Assuming the price breaks the second support level, the third support level stands at $90.75.
WEC Energy Group Inc (NYSE: WEC) Key Stats
The company with the Market Capitalisation of 30.22 billion has total of 316,079K 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 1,772 M and last quarter income was 211,600 K.
