WEC Energy Group Inc (NYSE: WEC) has reported earnings for its second fiscal quarter (ending June 30) of $0.67 versus $0.92 for the same period a year ago. E.P.S. were $4.33 for the latest four quarters through June 30 versus $4.29 for the same period a year ago.
Recent Price Action
WEC Energy Group Inc (NYSE: WEC) stock closed at $86.06 on 7/31/24 after a modest gain of 0.5%. Moreover, trading volume in this advance was exceptionally high at 212% of normal. The stock has risen 5.3% during the last week but has been weak relative to the market over the last nine months.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. WEC Energy Group has a neutral Appreciation Score of 54 and a neutral Power Rating of 41, 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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