WEC Energy stock: buy or sell?
September 20th, 2019
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?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to define your own trading plan that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with WEC Energy stock situation right now, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is WEC Energy stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we collected 8 ratings published for WEC stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-6||Credit Suisse Group||Neutral||Underperform|
|2019-8-27||Wells Fargo & Co||n/a||Outperform|
|2019-6-24||Bank of America||Neutral||Underperform|
|2019-4-8||Goldman Sachs Group||Neutral||Sell|
|2019-2-13||Wells Fargo & Co||Outperform||Outperform|
WEC Energy stock analysis
WEC Energy shares remained constant 0.26% to $93.72 today.
WEC Energy remained stable a slightly good 0.26% and closed at $93.72. On September 4th, WEC hit new all time highs, pushing higher previous ATH of $97.75 recorded on Sep/3. New ATHs are usual entry points for many trading setups as there aren't higher resistences. On May WEC price bounced up over the SMA of 50 days demonstrating to be a significant support for this stock.
WEC Energy shares jumped 2.81% this week, ending at $93.72.
Observing the weekly chart, WEC marked an uptrend of rising tops and rising bottoms. Since its last top early September at $98.19, price slid and bounced up back from $89.02. Breaking down under $89.02 would cancel the current uptrend and it might test lower supports. Note that $98.19 might act as a resistance line. Not so far away is the last price record WEC Energy marked early September. Since price and SMA20w lines crossed up by mid January, WEC climbed $25.79 (37.97%).
WEC Energy stock price history
WEC Energy stock went public on March 17th, 1980 with a price of $0.171. Since then, WEC stock grew a 55,029.40%, with an average of 1,411.00% per year. If you had invested right after WEC's IPO a $1,000 in WEC Energy stock in 1980, it would worth $550,294.00 today.
1: Adjusted price after possible price splits or reverse-splits.
WEC Energy stock historical price chart
WEC stock reached all-time highs on Sep 4th with a price of $98.19.
WEC Energy stock price target is $89.40How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we found 5 price predictions for WEC stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-6||UBS Group||Raises Target||$87.00||$94.00||8%|
|2019-8-27||Wells Fargo & Co||Raises Target||$93.00||$102.00||9.7%|
|2019-6-24||Bank of America||Downgrades||$82.00||$85.00||3.7%|
|2019-2-13||Wells Fargo & Co||Raises Target||$78.00||$81.00||3.8%|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince February, when WEC Energy posted its last earnings report, it . As soon as we get its posted EPS from the earnings report, we will extend this review.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, WEC Energy annual sales remained steady a tight 0.41% to $7,679.50 M dollars from $7,648.50 marked in 2017. When comparing 2018 vs 2017, instead, profit margin (that is, the net income divided by revenues) depreciated a -1.94% to 13.81%.
|2013||$4,520 M||-||$577 M12.8%||-|
|2014||$4,997 M||10.56%||$588 M11.8%||1.89%|
|2015||$5,926 M||18.59%||$640 M10.8%||8.84%|
|2016||$7,472 M||26.09%||$940 M12.6%||46.84%|
|2017||$7,649 M||2.36%||$1,205 M15.8%||28.15%|
|2018||$7,680 M||0.41%||$1,061 M13.8%||-11.98%|
Quarterly financial resultsWEC Energy reported $2,076.80 million in sales 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 declined a -4.32% compared to previous quarter when profit margin was 14.21%. When comparing revenues to same quarter last year, WEC Energy sales marked a tiny growth and grew a 1.06%.
|2017-Q2||$1,630 M||-||$199 M12.2%||-|
|2017-Q3||$1,658 M||1.69%||$216 M13.0%||8.17%|
|2017-Q4||$2,055 M||23.98%||$433 M21.1%||100.70%|
|2018-Q1||$2,287 M||11.27%||$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 M||26.35%||$205 M9.9%||-12.08%|
|2019-Q1||$2,377 M||14.47%||$420 M17.7%||104.77%|
WEC Energy ownershipWhen you are planning to buy shares of a stock, it's always worth to overview 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.
The following table compares ownership indicators for other stocks related to WEC Energy:
|Market cap||$29.6 B||$19.3 B||$3.1 B||$17.8 B||$24.2 B|
|Total shares||315.4 M||245.8 M||66.1 M||283.8 M||183.3 M|
|Float shares||314.6 M||244.5 M||65.5 M||281.9 M||181.9 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
WEC Energy summary
|Friday, September 20th, 2019|
|Day range||$93.18 - $94.10|
|Average true range||$1.84|
|50d mov avg||$90.07|
|100d mov avg||$85.80|
|200d mov avg||$79.48|
WEC Energy performanceTo better understand WEC Energy performance you must compare its gains with other related stocks in same sector or industry. In the following table, we compare WEC Energy performance to Ameren, Avista, CMS Energy, DTE Energy, Duke Energy, Alliant Energy, Pacific Gas & Electric and Xcel Energy:
|PCGPacific Gas & Ele...||-46.86%||-37.18%||-73.93%|