After Hours
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. Earlier, Yahoo Finance discussed this stock as it revealed WEC Energy Group posts 2023 results.
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Stocks Info
WEC Energy Group Inc is listed on the NYSE as a member of the Utilities sector and is a part of the Utilities – Regulated Electric industry. The current market capitalization of WEC Energy Group Inc is $25.63B. A total of 1.84 million shares were traded on the day, compared to an average of 2.38M shares.
In the most recent transaction, KLAPPA GALE E sold 37,180 shares of WEC for 78.69 per share on Feb 29 ’24. After the transaction, the Executive Chairman now owns 274,782 company shares. In a previous transaction on Feb 29 ’24, Lauber Scott J sold 2,830 shares at 78.89 per share. WEC shares that President and CEO owns now total 43,125.
Among the insiders who sold shares, PAYNE ULICE JR disposed of 600 shares on Nov 28 ’23 at a per-share price of $83.46. This resulted in the Director holding 20,933 shares of WEC after the transaction. In another insider transaction, PAYNE ULICE JR sold 1,500 shares at $94.36 per share on May 09 ’23. Company shares held by the Director now total 21,503.
Dividend
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. WEC Energy Group Inc pays an annual dividend of $3.17, resulting in a dividend yield of 3.91%, and it has a price to earnings (P/E) ratio of 19.26. WEC’s most recent ex-dividend date was 2/13/2024 when it declared a $0.8350 quarterly dividend that was paid in cash on 3/1/2024. Previously, the company paid the dividend on 12/1/2023 with an ex-dividend date of 11/13/2023. The WEC stock dividend was $0.78 per share in cash.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, WEC has a high of $99.26 and a low of $75.13.
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 5 estimates, with a high estimate of $1.98 per share and a lower estimate of $1.07. The company reported an EPS of $1 in the last quarter, which was 9.90% higher than expectations of $0.91.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $37.17, while its Total Shareholder’s Equity was $11.11B.
Analysts Opinion
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 3.21.
