WEC Stock Summary and Trading Ideas (Wec Energy Group | NYSE:WEC)

WEC Energy Group's electric and gas utility businesses serve electric and gas customers in Illinois, Michigan, Minnesota, and Wisconsin service territories. The company also owns a 60% stake in American Transmission Co. WEC's asset mix is approximately 48% electric generation and distribution, 36% gas distribution, 10% electric transmission, and 6% unregulated renewable energy.

Wec Energy Group trades on the NYSE stock market under the symbol WEC.

As of April 19, 2024, WEC stock price climbed to $81.67 with 548,047 million shares trading.

WEC has a beta of 0.17, meaning it tends to be less sensitive to market movements. WEC has a correlation of 0.01 to the broad based SPY ETF.

WEC has a market cap of $25.76 billion. This is considered a Large Cap stock.

Last quarter Wec Energy Group reported $2 billion in Revenue and $1.10 earnings per share. This fell short of revenue expectation by $-752 million and exceeded earnings estimates by $.02.

In the last 3 years, WEC stock traded as high as $108.39 and as low as $75.13.

The top ETF exchange traded funds that WEC belongs to (by Net Assets): VTI, VOO, VO, SDY, XLU.

WEC has underperformed the market in the last year with a return of -11.4%, while the SPY ETF gained +21.2%. In the last 3 month period, WEC fell short of the market, returning +2.6%, while SPY returned +4.3%. However, in the most recent 2 weeks WEC has outperformed the stock market by returning +0.8%, while SPY returned -3.5%.

WEC support price is $79.43 and resistance is $81.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WEC stock will trade within this expected range on the day.