Things appear to be looking up for WEC Energy Group Inc (WEC)

WEC Energy Group Inc (NYSE: WEC) is -7.87% lower on its value in year-to-date trading and has touched a low of $75.47 and a high of $99.26 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WEC stock was last observed hovering at around $77.40 in the last trading session, with the day’s gains setting it 0.15%.

Currently trading at $77.55, the stock is -3.24% and -6.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.18 million and changing 0.19% at the moment leaves the stock -9.50% off its SMA200. WEC registered -15.39% loss for a year compared to 6-month loss of -10.94%. The firm has a 50-day simple moving average (SMA 50) of $4.86 and a 200-day simple moving average (SMA200) of $12.26.

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The stock witnessed a -9.39% gain in the last 1 month and extending the period to 3 months gives it a -4.26%, and is -2.89% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.34% over the week and 1.86% over the month.

WEC Energy Group Inc (WEC) has around Feb 13 2024 employees, a market worth around $24.46B and $8.89B in sales. Current P/E ratio is 18.40 and Fwd P/E is 14.80. Profit margin for the company is 14.97%. Distance from 52-week low is 2.76% and -21.87% from its 52-week high. The company has generated returns on investments over the last 12 months (4.88%).

WEC Energy Group Inc quarterly earnings per share for the current quarter are estimated at $1.73 with sales reaching $2.9B over the same period.The EPS is expected to grow by 5.33% this year, but quarterly earnings will post 8.40% year-over-year. Quarterly sales are estimated to grow 0.50% in year-over-year returns.

WEC Energy Group Inc (WEC) Top Institutional Holders

1,300 institutions hold shares in WEC Energy Group Inc (WEC), with institutional investors hold 78.70% of the company’s shares. The shares outstanding are 315.43M, and float is at 314.92M with Short Float at 2.01%. Institutions hold 78.58% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 42.08 million shares valued at $3.71 billion. The investor’s holdings represent 13.34% of the WEC Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 29.22 million shares valued at $2.58 billion to account for 9.26% of the shares outstanding. The other top investors are State Street Corporation which holds 18.32 million shares representing 5.81% and valued at over $1.62 billion, while Wells Fargo & Company holds 2.40% of the shares totaling 7.56 million with a market value of $667.41 million.

WEC Energy Group Inc (WEC) Insider Activity

A total of 1 insider transactions have happened at WEC Energy Group Inc (WEC) in the last six months, with sales accounting for 0 and purchases happening 1 times. The most recent transaction is an insider sale by PAYNE ULICE JR ,the company’sDirector. SEC filings show that PAYNE ULICE JR sold 600 shares of the company’s common stock on Nov 28 at a price of $83.46 per share for a total of $50079.0. Following the sale, the insider now owns 20933.0 shares.

WEC Energy Group Inc disclosed in a document filed with the SEC on May 09 that PAYNE ULICE JR (Director) sold a total of 1,500 shares of the company’s common stock. The trade occurred on May 09 and was made at $94.36 per share for $0.14 million. Following the transaction, the insider now directly holds 21503.0 shares of the WEC stock.

WEC Energy Group Inc (WEC): Who are the competitors?

The company’s main competitors (and peers) include Duke Energy Corp. (DUK) that is trading -8.35% down over the past 12 months. Exelon Corp. (EXC) that is -17.84% lower over the same period.