More and more people are talking about WEC Energy over the last few weeks. Is it worth buying the Utilities—Independent Power Producers stock at a price of $87.39? Only time will tell. The information below will give you a basic idea of what this investment may entail:
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WEC Energy has moved -11.0% over the last year, and the S&P 500 logged a change of 19.0%
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WEC has an average analyst rating of buy and is -8.32% away from its mean target price of $95.33 per share
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Its trailing earnings per share (EPS) is $4.27
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WEC Energy has a trailing 12 month Price to Earnings (P/E) ratio of 20.5 while the S&P 500 average is 15.97
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Its forward earnings per share (EPS) is $4.92 and its forward P/E ratio is 17.8
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The company has a Price to Book (P/B) ratio of 2.36 in contrast to the S&P 500's average ratio of 2.95
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WEC Energy is part of the Utilities sector, which has an average P/E ratio of 22.89 and an average P/B of 1.03
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WEC has reported YOY quarterly earnings growth of 0.9% and gross profit margins of 0.4%
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The company has a free cash flow of $-502612512, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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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 company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. It generates and distributes electricity from coal, natural gas, and oil, as well as hydroelectric, wind, solar, and biomass sources; provides electric transmission services; offers retail natural gas distribution services; transports natural gas; and generates, distributes, and sells steam. As of December 31, 2022, it operated approximately 35,600 miles of overhead distribution lines and 36,100 miles of underground distribution cables, as well as 430 electric distribution substations and 514,800 line transformers; 52,000 miles of natural gas distribution mains; 1,100 miles of natural gas transmission mains; 2.4 million natural gas lateral services; 500 natural gas distribution and transmission gate stations; and 68.2 billion cubic feet of working gas capacities in underground natural gas storage fields. The company was formerly known as Wisconsin Energy Corporation and changed its name to WEC Energy Group, Inc. in June 2015. WEC Energy Group, Inc. was founded in 1896 and is headquartered in Milwaukee, Wisconsin.
