WEC Energy stock: buy or sell?

WEC stock price: $86.15 -0.23% At close on July 16th, 2019

Updated on:
July 16th, 2019

4

WEC Energy stayed steady -0.23% to $86.15 after reaching all time highs on Wednesday.

WEC Energy Group, Inc., through its subsidiaries, generates and distributes electric energy. The company operates through Wisconsin, Illinois, Other States, Electric Transmission, We Power, and Corporate and Other segments.

Should I buy WEC Energy stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with WEC Energy stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean WEC will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is WEC Energy stock a buy?

Financial institutions and banks post stock ratings everyday. At Stocks2.com, we collected 4 ratings published for WEC stock in the last month.

Is WEC a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-6-24Bank of AmericaNeutralUnderperform
2019-4-8Goldman Sachs GroupNeutralSell
2019-3-13Argusn/aBuy
2019-2-13Wells Fargo & CoOutperformOutperform

WEC Energy stock analysis

Daily outlook

WEC Energy stayed stable -0.23% to $86.15 after reaching all time highs on Wednesday.

WEC Energy stayed constant -0.23% today to $86.15 after topping to all time highs on Wednesday. From a daily outlook perspective, WEC is drawing an uptrend of rising tops and rising bottoms. Since its last top on Wednesday at $86.42, price slid and found support around $85.05. Breaking down under $85.05 would cancel the current uptrend and it might slide further to test lower supports. Note that $86.42 might act as a resistance line. If WEC Energy breakouts over $86.42 with average or higher volume, this would be a clear signal that the uptrend resumes. On Wednesday, WEC hit new all time highs, pushing higher previous ATH of $85.81 recorded on July 9th. New ATHs are usual entry points for many trading setups as there aren't higher resistences. Since last May when WEC stock price broke up the SMA50d line, it gained $9.26 (12.04%).

WEC stock chart (daily)

Weekly outlook

WEC Energy shares inched 0.80% this week, ending at $86.15. This week was the third green week in a row.

WEC Energy stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Not so far away is the last price record WEC Energy marked last week. By mid August 2018, SMA20w and SMA40w crossed up triggering a rise of 32.40%. Since price and SMA20w lines crossed up by mid January, WEC climbed $17.77 (25.99%).

WEC stock chart (weekly)

WEC Energy stock price history

WEC Energy stock went public on March 17th, 1980 with a price of $0.171. Since then, WEC stock surged a 50,576.50%, with a yearly average of 1,296.80%. If you had invested right after WEC's IPO a $1,000 in WEC Energy stock in 1980, it would worth $505,765.00 today.

1: Adjusted price after possible price splits or reverse-splits.

WEC Energy stock historical price chart

WEC stock reached all-time highs on Wednesday with a price of $86.42.

WEC Energy stock price target is $83.70

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. You should not follow the analysts' WEC stock price predictions in the hope that they will be met as they may be wrong and not met. We found 3 price forecasts for WEC Energy stock published in the last 30 days:
WEC stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-6-24Bank of AmericaDowngrades$82.00$85.003.7%
2019-3-13ArgusRaises Target$3.52$85.002314.8%
2019-2-13Wells Fargo & CoRaises Target$78.00$81.003.8%
(in average)$54.50$83.7054.0%
The price prediction for WEC Energy stock is $83.70, moving in a range between $85.00 and $81.00. In average, analysts' outlook on WEC price target is positive, improving the target by a 54.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, WEC Energy matched the estimates of the analysts and posted an EPS of $0.65 per share. Unfortunately, reported EPS is not yet available in our database.
WEC earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.63n/a
2017-Q32017-10-260.670.681.5%
2017-Q42018-01-310.680.714.4%
2018-Q12018-05-011.161.236.0%
2018-Q22018-07-310.660.7310.6%
2018-Q32018-10-310.710.744.2%
2018-Q42019-02-120.640.651.6%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw a tight movement of 0.41% to $7,679.50 million dollars. By contrast, its earnings margin (compared to sales) declined to 13.81%, that is $1,060.50 million.

WEC annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$4,520 M-$577 M12.8%-
2014$4,997 M10.56%$588 M11.8%1.89%
2015$5,926 M18.59%$640 M10.8%8.84%
2016$7,472 M26.09%$940 M12.6%46.84%
2017$7,649 M2.36%$1,205 M15.8%28.15%
2018$7,680 M0.41%$1,061 M13.8%-11.98%

Quarterly financial results

WEC Energy posted $2,076.80 M in revenues for 2018-Q4, a 26.35% up compared to previous quarter. Reported quarter earnings marked $205.30 million with a profit margin of 9.89%. Profit margin depreciated a -4.32% compared to previous quarter when profit margin was 14.21%. When comparing turnover to same quarter last year, WEC Energy sales marked a slightly fine growth and inched a 1.06%.
WEC quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$1,630 M-$199 M12.2%-
2017-Q3$1,658 M1.69%$216 M13.0%8.17%
2017-Q4$2,055 M23.98%$433 M21.1%100.70%
2018-Q1$2,287 M11.27%$390 M17.1%-9.82%
2018-Q2$1,673 M-26.85%$231 M13.8%-40.75%
2018-Q3$1,644 M-1.72%$234 M14.2%0.95%
2018-Q4$2,077 M26.35%$205 M9.9%-12.08%
2019-Q1$2,377 M14.47%$420 M17.7%104.77%

WEC Energy ownership

When you are planning to invest in shares of a company, it's always worth to review its ownership structure.

WEC Energy shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.22% of all shares.

In case of WEC Energy stock, 77.25% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for WEC stock account 0.00%, no big difference from last month.

For a better context understanding, the next table shows ownership data compared to other related stocks:

WECAEEAVACMSDTE
Market cap$27.2 B$18.7 B$3.0 B$16.6 B$23.8 B
Total shares315.4 M245.6 M65.8 M283.8 M183.2 M
Float shares314.8 M244.4 M65.1 M281.8 M181.9 M
  - Institutional holdings (%)77.2%74.4%78.1%94.5%74.2%
  - Insider holdings (%)0.2%0.4%1.0%0.6%0.6%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

WEC Energy summary

Tuesday, July 16th, 2019
Open$86.11
Close$86.15
Day range$85.58 - $86.36
Previous close$86.35
Session gain-0.23%
Average true range$1.14
50d mov avg$82.60
100d mov avg$79.75
200d mov avg$74.60
Daily patternlb03a
Weekly pattern lt06a

WEC Energy performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We picked Ameren, Avista, CMS Energy, DTE Energy, Duke Energy, Alliant Energy, Pacific Gas & Electric and Xcel Energy as the bechmarking frame for WEC Energy stock.
Stock3m6m12m
WECWEC Energy13.77%23.46%37.12%
AEEAmeren8.92%14.93%27.72%
AVAAvista9.15%11.49%-7.30%
CMSCMS Energy9.69%16.89%27.30%
DTEDTE Energy6.27%16.78%25.73%
DUKDuke Energy1.36%6.66%15.75%
LNTAlliant Energy9.58%18.29%21.30%
PCGPacific Gas & Ele...-15.52%145.37%-57.19%
XELXcel Energy12.65%22.36%38.10%

WEC Energy competitors

One check before investing in any stock is to review a list of its competitors, in this case for WEC Energy. We selected 8 companies as WEC Energy competitors as they are in the same industry or have similar market objectives.