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. After-hours trades for WEC Energy Group Inc. (WEC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.23, or -0.25%, to $90.93. The WEC Energy Group Inc. has recorded 173,052 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that WEC Energy Group announces project to demonstrate long-duration organic flow battery storage.
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This NYSE-listed company operates within the Utilities – Regulated Electric industry segment, falling under the Utilities sector. At the end of the last regular session, the stock closed at $91.16 and fluctuated between $92.35 as its day high and $87.16 as its day low. The current market capitalization of WEC Energy Group Inc. is $29.18B. A total of 2.16 million shares were traded on the day, compared to an average of 1.28M shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, WEC has seen 22 BUY and 29 SELL insider trades, representing the acquisition of 58,740 and the disposition of 21,848 shares. Over the last 12 months, there were 34 BUYs and 43 SELLs from insiders. Insiders purchased 123,107 shares during that period but sold 88,666.
In the most recent transaction, PAYNE ULICE JR sold 950 shares of WEC for 97.59 per share on Nov 28. After the transaction, the Director now owns 21,375 company shares. In a previous transaction on Nov 22, Lauber Scott J sold 5,000 shares at 97.18 per share. WEC shares that President and CEO owns now total 24,601.
Among the insiders who sold shares, Erickson Joshua M disposed of 150 shares on Nov 15 at a per-share price of $93.30. This resulted in the VP and Deputy General Counsel holding 2,121 shares of WEC after the transaction. In another insider transaction, TELLOCK GLEN E bought 1,000 shares at $91.39 per share on Nov 08. Company shares held by the Director now total 1,000.
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 $3.12, resulting in a dividend yield of 3.42%, and it has a price to earnings (P/E) ratio of 20.47. WEC’s most recent ex-dividend date was 2/13/2023 when it declared a $0.78 quarterly dividend that was paid in cash on 3/1/2023. Previously, the company paid the dividend on 12/1/2022 with an ex-dividend date of 11/10/2022. The WEC stock dividend was $0.7275 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. According to analysts who have offered 12-month price targets for WEC in the last 3 months, the mean price target is $102.36 with high estimates of $111.00 and low estimates of $94.00. In terms of 52-week highs and lows, WEC has a high of $108.39 and a low of $80.82.
As of this writing, WEC has an earnings estimate of $1.73 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $1.86 per share and a lower estimate of $1.68. The company reported an EPS of $0.96 in the last quarter, which was 11.60% higher than expectations of $0.86.
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.
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, 15 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 Underweight with a score of 3.67. A total of 5 analysts rated the stock as Buy while 0 rated it as Overweight while 9 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.