Based on the current data and analyst insights, here are 5 key points about WEC's valuation:
WEC is currently trading at a P/E ratio of 19.97x, which is slightly above the utility sector average, indicating moderate overvaluation.
The stock's current price of $102.97 is approaching analysts' average price target of $104.14, suggesting limited upside potential at current levels.
Technical indicators show the stock is trading above all major moving averages (SMA 5,10,20,60,200), with RSI at 62.75 indicating slightly overbought conditions.
Recent insider selling activity, with 16 sales and 0 purchases over the past 6 months, signals potential concerns about valuation from company insiders.
The company's EV/EBITDA ratio of 13.62x is higher than historical levels, further supporting the overvaluation thesis.