WEC Energy Group Inc. (NYSE:WEC) shares traded higher over the last trading session, gaining 0.70% on 06/03/21. The shares fell to a low of $92.5578 before closing at $93.83. Intraday shares traded counted 1.35 million, which was -5.83% lower than its 30-day average trading volume of 1.28M. WEC’s previous close was $93.18 while the outstanding shares total 315.40M. The firm has a beta of 0.18, a 12-month trailing P/E ratio of 23.61, and a growth ratio of 3.81. The stock’s Relative Strength Index (RSI) is 45.09, with weekly volatility at 1.45% and ATR at 1.58. The WEC stock’s 52-week price range has touched low of $80.55 and a $106.85 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 $29.42 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 26.1 million on their books with 2.37 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 a decline. In terms of their assets, the company currently has 2.36 billion total, with 3.71 billion as their total liabilities.
WEC were able to record -75.4 million as free cash flow during the 08/03/2021 quarter of the year, this saw their quarterly net cash flow reduce by 17.0 million. In cash movements, the company had a total of 395.2 million 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 08/03/2021 quarter of the year, WEC Energy Group Inc. recorded a total of 2.69 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 21.65% coming in sequential stages and their sales for the 08/03/2021 quarter increasing by 28.16%.
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 2.06 billion trying to sell their products during the last quarter, with the result yielding a gross income of 629.3 million. This allows shareholders to hold on to 315.40M with the recently reported earning now reading 1.62 cents per share. This is a figure that compared to analyst’s prediction for their 08/03/2021 (1.61 cents a share).
Having a look at the company’s valuation, the company is expected to record 4.28 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, Director, Garcia-Thomas Cristina A bought 525 shares of the company’s stock in a transaction that recorded on May 18. The purchase was performed at an average price of 95.09, for a total value of 49,923. As the purchase deal closes, the Vice President and Treasurer, Reese Anthony now sold 470 shares of the company’s stock, valued at 45,115. Also, Director, PAYNE ULICE JR sold 2,400 shares of the company’s stock in a deal that was recorded on May 13. The shares were cost at an average price of 96.43 per share, with a total market value of 231,434. Following this completion of disposal, the President & CEO – PGL/NSG, Matthews Charles R now holds 10,580 shares of the company’s stock, valued at 1,043,340. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
1 out of 15 analysts covering the stock have rated it a Buy, while 8 have maintained a Hold recommendation on WEC Energy Group Inc.. 3 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 $97.31.