WEC Energy Group Inc. (NYSE:WEC) previous close was $99.83 while the outstanding shares total 315.40M. The firm has a beta of 0.21, a 12-month trailing P/E ratio of 26.77, and a growth ratio of 4.50. WEC’s shares traded lower over the last trading session, losing -0.73% on 10/13/20. The shares fell to a low of $97.66 before closing at $99.10. Intraday shares traded counted 0.94 million, which was 20.6% higher than its 30-day average trading volume of 1.19M. The stock’s Relative Strength Index (RSI) is 61.46, with weekly volatility at 1.65% and ATR at 1.93. The WEC stock’s 52-week price range has touched low of $68.01 and a $109.53 high.
Investors have identified the Utilities – Regulated Electric company WEC Energy Group Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $31.13 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
WEC Energy Group Inc. (WEC) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For WEC, the company has in raw cash 13.3 million on their books with 2.11 billion currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 1713400000 million total, with 3484600000 million as their total liabilities.
WEC were able to record 342.4 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by -19.9 million. In cash movements, the company had a total of 1.38 billion as operating cash flow.
Potential earnings growth for WEC Energy Group Inc. (WEC)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, WEC Energy Group Inc. recorded a total of 1.55 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -2.68% coming in sequential stages and their sales for the third quarter reducing by -36.15%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 1.21 billion trying to sell their products during the last quarter, with the result yielding a gross income of 338.8 million. This allows shareholders to hold on to 315.40M with the revenue now reading 0.77 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.69 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.58 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on WEC sounds very interesting.
Is the stock of WEC attractive?
In related news, Vice President and Treasurer, Reese Anthony sold 600 shares of the company’s stock in a transaction that recorded on Aug 14. The sale was performed at an average price of 91.71, for a total value of 55,024. As the sale deal closes, the President & CEO – PGL/NSG, Matthews Charles R now sold 14,481 shares of the company’s stock, valued at 1,376,454. Also, Director, PAYNE ULICE JR sold 1,200 shares of the company’s stock in a deal that was recorded on May 28. The shares were price at an average price of 87.31 per share, with a total market value of 104,777. Following this completion of acquisition, the Director, GREEN MARIA C now holds 7 shares of the company’s stock, valued at 633. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.17%.
2 out of 15 analysts covering the stock have rated it a Buy, while 6 have maintained a Hold recommendation on WEC Energy Group Inc.. 4 analysts has assigned a Sell rating on the WEC stock. The 12-month mean consensus price target for the company’s shares has been set at $93.67.