WEC Energy Group Inc [NYSE: WEC] gained 0.15% on the last trading session, reaching $94.68 price per share at the time.
If compared to the average trading volume of 2.18M shares, WEC reached a trading volume of 2515758 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about WEC Energy Group Inc [WEC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WEC shares is $92.85 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WEC stock is a recommendation set at 2.78. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for WEC Energy Group Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 10, 2024. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $90 to $84. The new note on the price target was released on February 02, 2024, representing the official price target for WEC Energy Group Inc stock. Previously, the target price had yet another drop from $84 to $78, while BofA Securities kept a Underperform rating on WEC stock. On October 17, 2023, analysts decreased their price target for WEC shares from 102 to 86.
The Average True Range (ATR) for WEC Energy Group Inc is set at 1.26, with the Price to Sales ratio for WEC stock in the period of the last 12 months amounting to 3.47. The Price to Book ratio for the last quarter was 2.48, with the Price to Cash per share for the same quarter was set at 0.87. Price to Free Cash Flow for WEC in the course of the last twelve months was 58.78 with Quick ratio for the last quarter at 0.54.
Trading performance analysis for WEC stock
WEC Energy Group Inc [WEC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.04. With this latest performance, WEC shares gained by 7.02% in over the last four-week period, additionally plugging by 16.57% over the last 6 months – not to mention a rise of 15.44% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WEC stock in for the last two-week period is set at 79.51, with the RSI for the last a single of trading hit 83.97, and the three-weeks RSI is set at 75.62 for WEC Energy Group Inc [WEC]. The present Moving Average for the last 50 days of trading for this stock 85.82, while it was recorded at 93.73 for the last single week of trading, and 82.47 for the last 200 days.
WEC Energy Group Inc [WEC]: A deeper dive into fundamental analysis
WEC Energy Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.54 and a Current Ratio set at 0.74.
WEC Energy Group Inc [WEC]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, WEC Energy Group Inc posted 1/share EPS, while the average EPS was predicted by analysts to be reported at 0.91/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.09. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WEC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for WEC Energy Group Inc go to 7.24%.
An analysis of Institutional ownership at WEC Energy Group Inc [WEC]
There are presently around $78.71%, or 78.83%% of WEC stock, in the hands of institutional investors. The top three institutional holders of WEC stocks are: VANGUARD GROUP INC with ownership of 39.73 million shares, which is approximately 12.5883%. BLACKROCK INC., holding 29.19 million shares of the stock with an approximate value of $$2.29 billion in WEC stocks shares; and BLACKROCK INC., currently with $$1.69 billion in WEC stock with ownership which is approximately 6.8357%.
