WEC Energy Group Inc. WEC Stock Analysis

WEC Energy Group stock trades under the ticker WEC & has shown recent bullishness that traders & investors should research further into.

WEC stock closed at $91.16/share on 3/13/2023.

WEC Energy Group Inc. WEC Stock’s Technical Performance Broken Down

WEC Energy Group Inc. WEC Stock's Technical Performance Over The Past Year
WEC Energy Group Inc. WEC Stock’s Technical Performance Over The Past Year

WEC Stock Price: $92.23 (9:40 AM 3/14/2023)

10 Day Moving Average: $89.20

50 Day Moving Average: $91.95

200 Day Moving Average: $94.97

RSI: 55.75

MACD: -0.594

Yesterday, WEC stock completed a bullish MACD crossover.

Their RSI is neutral, with recent trading volumes being slightly elevated compared to the year prior.

Their recent candlesticks are signaling near-term weakness, which may provide traders & investors with a better entry-point in the near future.

WEC stock has support at the $91.95 (50 day moving average), $91.32 & $89.86/share price levels, with resistance at the $92.32, $93.00 & $93.49/share price levels.

WEC Energy Group WEC Inc. Stock As A Long-Term Investment

Long-term oriented investors will like WEC stock’s valuation metrics, with a 20.19 P/E (ttm) & a 2.49 P/B (mrq).

They recently reported 16.2% Quarterly Revenue Growth Y-o-Y, with 12.7% Quarterly Earnings Growth Y-o-Y.

Their balance sheet will require a more thorough examination, with $28.9M of Total Cash (mrq) & $17.32B of Total Debt (mrq).

WEC stock pays a 3.19% dividend, which may not be sustainable in the long-run, as their payout ratio is 65.4%.

77.8% of WEC stock’s outstanding share float is owned by institutional investors.

WEC Energy Group Inc. WEC Stock As A Short-Term Trade Using Options

Traders with shorter time horizons can trade options to profit from price movements in WEC stock, while protecting their portfolios from volatility.

I am looking at the contracts with the 4/21 expiration date.

The $90, $85 & $75 call options are all in-the-money, listed from most to least liquid strike price.

The $95, $105 & $100 puts are also all in-the-money, with the former having more open interest than the latter strikes.

Tying It All Together

WEC stock has many unique characteristics that traders & investors will find appealing.

Investors will like their valuation metrics & recent growth, but may want to review their balance sheet strength, as well as how it will impact their dividend’s sustainability.

Traders will like their recent technical performance & liquid options.

Overall, it is worth taking a closer look into WEC stock to see how it fits into your portfolio strategy.