WEC Energy Group Inc (NYSE: WEC) is 13.89% higher on its value in year-to-date trading and has touched a low of $75.13 and a high of $102.79 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 $95.61 in the last trading session, with the day’s gains setting it 0.25%.
Currently trading at $95.86, the stock is -2.97% and -1.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.68 million and changing 0.26% at the moment leaves the stock 9.24% off its SMA200. WEC registered 15.45% gain for a year compared to 6-month gain of 22.05%. The firm has a 50-day simple moving average (SMA 50) of $97.575 and a 200-day simple moving average (SMA200) of $87.6624.
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The stock witnessed a -2.03% loss in the last 1 month and extending the period to 3 months gives it a 0.01%, and is -1.90% 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 1.74% over the week and 1.48% over the month.
WEC Energy Group Inc (WEC) has around 7000 employees, a market worth around $30.33B and $8.53B in sales. Current P/E ratio is 23.45 and Fwd P/E is 18.34. Profit margin for the company is 15.14%. Distance from 52-week low is 27.60% and -6.74% from its 52-week high. The company has generated returns on investments over the last 12 months (4.46%).
The EPS is expected to grow by 5.04% this year
1424.0 institutions hold shares in WEC Energy Group Inc (WEC), with institutional investors hold 81.47% of the company’s shares. The shares outstanding are 316.35M, and float is at 315.86M with Short Float at 3.26%. Institutions hold 81.35% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 39.73 million shares valued at $3.12 billion. The investor’s holdings represent 12.5883 of the WEC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 29.19 million shares valued at $2.29 billion to account for 9.2503 of the shares outstanding. The other top investors are STATE STREET CORP which holds 21.57 million shares representing 6.8357 and valued at over $1.69 billion, while GEODE CAPITAL MANAGEMENT, LLC holds 2.4865 of the shares totaling 7.85 million with a market value of $614.14 million.
WEC Energy Group Inc (WEC) Insider Activity
The most recent transaction is an insider sale by Lauber Scott J, the company’s President and CEO. SEC filings show that Lauber Scott J sold 6,720 shares of the company’s common stock on Nov 21 ’24 at a price of $100.89 per share for a total of $0.68 million. Following the sale, the insider now owns 45709.0 shares.
WEC Energy Group Inc disclosed in a document filed with the SEC on Nov 21 ’24 that KLAPPA GALE E (Director) sold a total of 40,269 shares of the company’s common stock. The trade occurred on Nov 21 ’24 and was made at $99.56 per share for $4.01 million. Following the transaction, the insider now directly holds 0.27 million shares of the WEC stock.
Still, SEC filings show that on Nov 20 ’24, KLAPPA GALE E (Director) disposed off 4,000 shares at an average price of $99.28 for $0.4 million. The insider now directly holds 273,248 shares of WEC Energy Group Inc (WEC).
