WEC Energy stock: buy or sell?

WEC stock price: $93.72 0.26% At close on September 20th, 2019

Updated on:
September 20th, 2019

4

Shares of WEC Energy closed today at $93.72 and remained constant a slightly good 0.26%. Friday was the 5th climbing session in a row, gaining 2.80%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

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.

Is WEC a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-6UBS Groupn/aNeutral
2019-9-4GuggenheimBuyNeutral
2019-8-6Credit Suisse GroupNeutralUnderperform
2019-8-27Wells Fargo & Con/aOutperform
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 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 stock chart (daily)

Weekly outlook

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 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 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 $89.40

How 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:
WEC stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-6UBS GroupRaises Target$87.00$94.008%
2019-8-27Wells Fargo & CoRaises Target$93.00$102.009.7%
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)$68.70$89.4030.0%
Moving in a range from $102.00 and $81.00, the price forecast for WEC stock is $89.40. In average, analysts' outlook on WEC price forecast is positive, increasing the target by a 30.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since 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.
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

In 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%.

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 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%.
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 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:

WECAEEAVACMSDTE
Market cap$29.6 B$19.3 B$3.1 B$17.8 B$24.2 B
Total shares315.4 M245.8 M66.1 M283.8 M183.3 M
Float shares314.6 M244.5 M65.5 M281.9 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

Friday, September 20th, 2019
Open$93.57
Close$93.72
Day range$93.18 - $94.10
Previous close$93.48
Session gain0.26%
Average true range$1.84
50d mov avg$90.07
100d mov avg$85.80
200d mov avg$79.48
Daily patternlt02a
Weekly pattern lb03a

WEC Energy performance

To 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:
Stock3m6m12m
WECWEC Energy10.44%19.82%43.59%
AEEAmeren2.21%8.00%25.31%
AVAAvista7.26%18.91%-2.38%
CMSCMS Energy6.96%14.50%31.07%
DTEDTE Energy1.31%7.13%24.60%
DUKDuke Energy6.66%6.42%23.52%
LNTAlliant Energy7.06%13.34%26.69%
PCGPacific Gas & Ele...-46.86%-37.18%-73.93%
XELXcel Energy5.09%14.10%39.18%

WEC Energy competitors

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