Why Are People Talking About Investing in WEC Energy (WEC)?

WEC Energy moved -1.0% this afternoon session, trading between a high of $85.485 and a low of $84.23 per share. Yesterday the stock finished at $85.23 per share, compared to an average analyst target price of $98.5.

WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. The large-cap power generation company is based in the United States, and over the last twelve months it has returned a dividend yield of 3.5%. WEC Energy has trailing twelve months earnings per share (EPS) of 4.27, which at today's prices amounts to a price to earnings (P/E) ratio of 19.8.

Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of 3.36. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.

Overview of the Company's Gross Margins:

Date Reported Revenue ($ k) Cost of Revenue ($ k) Gross Margins (%) YoY Growth (%)
2023-02-23 9,597,400 -4,358,900 55 -8.33
2022-02-24 8,316,000 -3,311,000 60 -11.76
2021-02-25 7,241,700 -2,319,500 68 6.25
2020-02-27 7,523,100 -2,678,800 64 3.23
2019-02-26 7,679,500 -2,897,900 62 -1.59
2018-02-28 7,648,500 -2,822,800 63

At 62.0%, WEC Energy's average gross margins are wider than the 35.4% average of its industry peer group, which suggests that the firm might have a competitive advantage.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.