WEC Energy Group Inc (NYSE: WEC) is 2.25% higher on its value in year-to-date trading and has touched a low of $75.13 and a high of $91.44 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WEC stock was last observed hovering at around $85.60 in the last trading session, with the day’s gains setting it 0.46%.
Currently trading at $86.06, the stock is 6.28% and 7.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.54 million and changing 0.54% at the moment leaves the stock 5.81% off its SMA200. WEC registered -4.23% loss for a year compared to 6-month loss of 6.56%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 10.77% gain in the last 1 month and extending the period to 3 months gives it a 4.14%, and is 2.99% up 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 2.00% over the week and 1.56% over the month.
WEC Energy Group Inc (WEC) has around 7000 employees, a market worth around $27.18B and $8.69B in sales. Current P/E ratio is 18.79 and Fwd P/E is 16.48. Profit margin for the company is 16.65%. Distance from 52-week low is 14.55% and -5.88% from its 52-week high. The company has generated returns on investments over the last 12 months (5.26%).
WEC Energy Group Inc quarterly earnings per share for the current quarter are estimated at $1.02 with sales reaching $2.01B over the same period.The EPS is expected to grow by 5.20% this year, but quarterly earnings will post 2.30% year-over-year. Quarterly sales are estimated to grow 2.90% in year-over-year returns.
The shares outstanding are 315.43M, and float is at 315.32M with Short Float at 2.32%.
WEC Energy Group Inc (WEC) Insider Activity
The most recent transaction is an insider sale by KLAPPA GALE E, the company’s Executive Chairman. SEC filings show that KLAPPA GALE E sold 37,180 shares of the company’s common stock on Feb 29 ’24 at a price of $78.69 per share for a total of $2.93 million. Following the sale, the insider now owns 0.27 million shares.
WEC Energy Group Inc disclosed in a document filed with the SEC on Feb 29 ’24 that Lauber Scott J (President and CEO) sold a total of 2,830 shares of the company’s common stock. The trade occurred on Feb 29 ’24 and was made at $78.89 per share for $0.22 million. Following the transaction, the insider now directly holds 43125.0 shares of the WEC stock.
Still, SEC filings show that on Nov 28 ’23, PAYNE ULICE JR (Director) disposed off 600 shares at an average price of $83.46 for $50079.0. The insider now directly holds 20,933 shares of WEC Energy Group Inc (WEC).
