For its first fiscal quarter (ending March 31), WEC Energy Group Inc (NYSE: WEC) has reported a 22% increase in E.P.S. from $1.61 a year ago to $1.97 in the current quarter. This performance was $0.28 better than the consensus estimate of $1.70. For the latest four quarters through March 31, E.P.S. were $4.58 compared to $4.28 a year ago — an increase of 7%.
Recent Price Action
WEC Energy Group Inc (NYSE: WEC) stock closed at $82.59 on 5/1/24 after a slight decline of -0.06%. Moreover, trading volume in this decline was above average at 144% of normal. The stock has been weak relative to the market over the last nine months but has risen 0.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, WEC is expected to continue to be an important Value Builder.
WEC Energy Group has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. WEC Energy Group has a neutral Appreciation Score of 52 and a slightly negative Power Rating of 39, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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