WEC Energy Group Inc (NYSE: WEC) has reported earnings for its third fiscal quarter (ending September 30) of $0.76 versus $1.00 for the same period a year ago — a decline of -24%. For the latest four quarters through September 30, E.P.S. were $4.09 compared to $4.33 a year ago — a decline of -6%.
Recent Price Action
On 10/31/24, WEC Energy Group Inc (NYSE: WEC) stock declined slightly by -0.5%, closing at $95.53. Moreover, this decline was accompanied by unusually high trading volume at 177% of normal. Relative to the market the stock has been strong over the last nine months but has declined -4.0% 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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. WEC Energy Group has a neutral Appreciation Score of 49 but a good Power Rating of 85, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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