In today’s recent session, 1.91 million shares of the WEC Energy Group Inc (NYSE:WEC) have been traded, and its beta is 0.44. Most recently the company’s share price was $94.04, and it changed around -$0.31 or -0.33% from the last close, which brings the market valuation of the company to $29.72B. WEC at last check was trading at a discount to its 52-week high of $97.08, offering almost -3.23% off that amount. The share price’s 52-week low was $75.13, which indicates that the recent value has risen by an impressive 20.11% since then. We note from WEC Energy Group Inc’s average daily trading volume that its 10-day average is 1.79 million shares, with the 3-month average coming to 2.19 million.
WEC Energy Group Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.80. If we narrow it down even further, the data shows that 1 out of 11 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 6 recommended WEC as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. WEC Energy Group Inc is expected to report earnings per share of 0.7 for the current quarter.
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WEC Energy Group Inc (NYSE:WEC) trade information
Instantly WEC has been showing red trend so far today with a performance of -0.33% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 96.55 on recent trading dayincreased the stock’s daily price by 2.6%. The company’s shares are currently up 11.72% year-to-date, but still down -2.31% over the last five days. On the other hand, WEC Energy Group Inc (NYSE:WEC) is -1.59% down in the 30-day period. We can see from the shorts that 10.38 million shares have been sold at a short interest cover period of 5.07 day(s).
The consensus price target as assigned by Wall Street analysts is $96, which translates to bulls needing to increase their stock price by 2.04% from its current value. Analyst projections state that WEC is forecast to be at a low of $86 and a high of $108.
WEC Energy Group Inc (WEC) estimates and forecasts
WEC Energy Group Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 17.96 percent over the past six months and at a 5.18% annual growth rate that is well above the industry average of 5.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -30.00% in revenue this quarter, and will report an increase of 35.50% in the next quarter. The year-over-year growth rate is expected to be 2.10%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 1.91B in revenue for the current quarter. 4 analysts expect WEC Energy Group Inc to make 2.69B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.96B and 2.22B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -2.30%. Forecasts for the next quarter put sales growth at 21.50%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 4.77%. WEC Energy Group Inc earnings are expected to increase by 5.10% in 2024, but the outlook is positive 6.72% per year for the next five years.
WEC Dividends
WEC Energy Group Inc’s next quarterly earnings report is expected to be released on 2024-Oct-29. The annual dividend yield of the stock is 3.49 percent and its annual dividend per share was 3.29. It is important to note, however, that the 3.49% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.07 per year.
WEC Energy Group Inc (NYSE:WEC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.14% of WEC Energy Group Inc shares, and 78.75% of them are in the hands of institutional investors. The stock currently has a share float of 78.86%. WEC Energy Group Inc stock is held by 1371.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 12.5883% of the shares, which is about 39.73 million shares worth $3.12 billion.
BLACKROCK INC., with 9.2503% or 29.19 million shares worth $2.29 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
