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 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.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN WEC STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***