Momentum Is Strong For WEC Energy Group Inc (NYSE: WEC)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Utilities – Regulated Electric industry segment, falling under the Utilities sector. The current market capitalization of WEC Energy Group Inc is $27.88B. A total of 4.41 million shares were traded on the day, compared to an average of 2.18M shares.

In the most recent transaction, JOSHUA ERICKSON bought 350 shares of WEC for 89.75 per share on Aug 05 ’24. In a previous transaction on Feb 29 ’24, KLAPPA GALE E sold 37,180 shares at 78.69 per share. WEC shares that Executive Chairman owns now total 274,782.

Among the insiders who sold shares, Lauber Scott J disposed of 2,830 shares on Feb 29 ’24 at a per-share price of $78.89. This resulted in the President and CEO holding 43,125 shares of WEC after the transaction. In another insider transaction, PAYNE ULICE JR sold 600 shares at $83.46 per share on Nov 28 ’23. Company shares held by the Director now total 20,933.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. WEC Energy Group Inc pays an annual dividend of $3.23, resulting in a dividend yield of 3.66%, and it has a price to earnings (P/E) ratio of 20.36. WEC’s most recent ex-dividend date was 8/14/2024 when it declared a $0.8350 quarterly dividend that was paid in cash on 9/1/2024. Previously, the company paid the dividend on 6/1/2024 with an ex-dividend date of 5/13/2024. The WEC stock dividend was $0.8350 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, WEC has a high of $92.23 and a low of $75.13.

As of this writing, WEC has an earnings estimate of $0.98 per share for the current quarter. EPS was calculated based on a consensus of 8.0 estimates, with a high estimate of $1.15 per share and a lower estimate of $0.7. The company reported an EPS of $1 in the last quarter

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. WEC’s latest balance sheet shows that the firm has $16.30M in Cash & Short Term Investments as of fiscal 2021. There were $15.59B in debt and $3.75B in liabilities at the time. Its Book Value Per Share was $38.23, while its Total Shareholder’s Equity was $11.11B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WEC is Buy with a score of 3.20.

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