WEC Energy Group Inc (NYSE: WEC) Could Achieve Gains In The Near Future

After Hours

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Stocks Info

WEC Energy Group Inc is listed on the NYSE in the Utilities sector while operating in the Utilities – Regulated Electric industry. The current market capitalization of WEC Energy Group Inc is $24.69B. A total of 1.75 million shares were traded on the day, compared to an average of 2.01M 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.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. WEC Energy Group Inc pays an annual dividend of $3.23, resulting in a dividend yield of 4.13%, and it has a price to earnings (P/E) ratio of 17.07. WEC’s most recent ex-dividend date was 5/13/2024 when it declared a $0.8350 quarterly dividend that was paid in cash on 6/1/2024. Previously, the company paid the dividend on 3/1/2024 with an ex-dividend date of 2/13/2024. The WEC stock dividend was $0.8350 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, WEC has a high of $93.37 and a low of $75.13.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $38.35, while its Total Shareholder’s Equity was $11.11B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in 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 3.20.

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