Based on the current market data and recent analyst insights, here's a concise analysis of WEC stock:
Technical Analysis
The stock is currently trading at $100.65 with a -1.12% decline in regular market trading. The stock is showing mixed technical signals with an RSI of 62.87, indicating slightly overbought conditions but not at extreme levels.
Fundamental Outlook
WEC Energy Group maintains a strong market position in utility services across multiple states, with a balanced asset mix of 48% electric generation/distribution, 36% gas distribution, 10% electric transmission, and 6% renewable energy.
Recent Analyst Actions
Several analysts have recently adjusted their ratings and price targets:
- Wells Fargo: Buy rating with $115 target (13.99% upside)
- BMO Capital: Hold rating with $100 target
- Scotiabank: Buy rating with $110 target
Insider Activity
Corporate insider sentiment is negative, with recent insider selling activity. Notable transaction includes CEO Scott Lauber's sale of 6,720 shares for approximately $678,000 in November 2024.
Financial Guidance
The company has backed its FY25 EPS guidance of $5.17-$5.27, aligning with consensus of $5.23. They plan to issue $700M-$800M of common equity in 2025.
Recommendation
Based on current technical indicators and analyst consensus, selling WEC at current levels is not recommended. The stock shows resilience with strong analyst support and stable financial guidance, suggesting holding positions or considering entry on pullbacks.