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How to Buy Wec Energy Group Stock

Wec Energy Group Inc

Wec Energy Group is a regulated electric utility company located in Wisconsin, United States, which is part of the Utilities sector, and is traded under the ticker WEC on the NYSE exchange.

Wec Energy Group stock last closed at $80.34, up 2.75% from the previous day, and has decreased 10.22% in one year. It has underperformed other stocks in the Utilities - Regulated Electric industry by 0.08 percentage points. Wec Energy Group stock is currently +6.94% from its 52-week low of $75.13, and -13.96% from its 52-week high of $93.37.

At the moment, there are 315.82M WEC shares outstanding. The market value of WEC is $25.37B. In the last 24 hours, 1.87M WEC shares were traded.

How to Buy Wec Energy Group Stock

Wondering how to invest in Wec Energy Group stock? Here's how.
  1. Decide where to buy Wec Energy Group stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you choose where to buy Wec Energy Group stock.
  2. Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Put funds into your investment account: Pick your method of payment and add your information.
  4. Research Wec Energy Group stock: The Wec Energy Group ticker symbol is WEC. Is Wec Energy Group stock a good investment? Should you buy shares of WEC? How do WEC's underlying business fundamentals look? Do top analysts think Wec Energy Group is a good buy? Why has WEC's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if WEC is a good stock to buy).
  5. Execute your WEC trade: Decide if you will purchase WEC shares at the current market price or use a limit order to purchase WEC stock at a particular price.
  6. Get key alerts regarding your investment in WEC: Create a watchlist to keep tabs on your new investment in Wec Energy Group stock.

Step 1: Decide where to buy Wec Energy Group stock

You need a brokerage account to access the NYSE market and buy WEC stock.

A brokerage account enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Open a brokerage account

Now that you've selected the best brokerage, the next step is to fill out some personal details so you can invest in WEC stock today.

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Step 3: Put funds into your investment account

Now that you've finished signing up on the best stock trading app, you can securely and quickly fund your account:

Check out the video below to see the process of transferring money into your brokerage account.

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Step 4: Research Wec Energy Group stock

Once you have decided on the best place to buy Wec Energy Group stock, it's important to analyze their stock prior to buying, so you can wrap your head around the risk and upside.

Wec Energy Group quick stats

WEC Price
$80.34
1w %
3.2%
1y %
-10.22%
5y %
-6.71%
P/E
17.54x
P/B
2.09x
P/S
2.92x
PEG
2.56x
Revenue
$8.69B
Earnings
$1.45B
Fore. Rev. Growth
5.72%
Fore. Earn. Growth
6.85%
Market Cap
$25.37B
Next Earnings
Jul 30, 2024
Next Dividend
N/A

Wec Energy Group Overview

WallStreetZen was built to help everyday investors perform better fundamental analysis.

You can view all of the due diligence checks on WEC's stock page.

What is the fair value of WEC stock?

You can use many financial metrics, analyses, models, and charts to gauge WEC's intrinsic value.

Using relative valuations ratios:

  • WEC may be undervalued based on its P/E ratio of 17.54x, relative to Utilities - Regulated Electric industry P/E ratio of 18.3x
  • WEC may be overvalued based on its P/B ratio of 2.09x, relative to Utilities - Regulated Electric industry P/B ratio of 1.69x
  • WEC could be overvalued based on its PEG ratio of 2.56x

You can do additional valuation research on WEC's stock here.

A look at WEC Cashflows and Balance Sheet

Positive Health Checks:

  • WEC profit margin has gone up from 14.1% to 16.7% in the past year.

Negative Health Checks:

  • There are more short-term liabilities than short-term assets on the WEC balance sheet.
  • WEC's operating cash flow of $3.09B allows it to safely service it's debt of $18.59B.
  • Total WEC debt is higher than 5 years ago, relative to shareholder equity.
  • There are more long-term liabilities than short-term assets on the WEC balance sheet.
  • WEC has a relatively high debt to equity ratio of 2.63.
  • WEC earnings of $2.41B is not enough to cover its interest payments.

Is WEC stock a Buy, Hold, or Sell, according to analysts?

Out of 8 Wall Street analysts who track WEC, the consensus analyst rating on WEC is a Hold

Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.

Most Recent WEC Analyst Forecasts

Shelby Tucker, a top 15% analyst from RBC Capital maintains WEC with a hold rating and lowers their WEC price target from $95.00 to $90.00, on Feb 8, 2024.

Neil Kalton, a top 17% analyst from Wells Fargo maintains WEC with a strong buy rating and lowers their WEC price target from $93.00 to $91.00, on Feb 2, 2024.

Jeremy Tonet, a top 16% analyst from JP Morgan downgrades WEC to a strong sell rating and lowers their WEC price target from $90.00 to $84.00, on Feb 2, 2024.

You can dig deeper into what analysts are projecting on the Wec Energy Group stock forecast page.

WEC Momentum

SMA10
78.28
SMA20
78.46
SMA50
80.88
SMA100
80.57
SMA200
81.22
MACD
-0.52
MACD Signal
-0.78
MACD Histogram
0.26
RSI
57.82
Stochastic %K
47.02
Stochastic %D
28.34
StochRSI %K
80.14
StochRSI %D
71.68

WEC Growth Numbers

Last year, WEC earnings were $1.45B. During the past 5 year, WEC's earnings have gone up by 5.83% per year. This was slower than the Utilities - Regulated Electric industry average of 15.65%.

Last year, WEC revenue was $8.69B. Over the past five year, WEC's revenue has gone up by 2.25% per year. This was slower than the Utilities - Regulated Electric industry average of 4.08%.

Dive into WEC's earnings and revenue performance here.

Latest Insiders Trades at WEC

Over the last year, executives and large shareholders at WEC have sold more shares than they have bought.

Gale E. Klappa, Director of WEC, was the latest WEC insider to sell. They sold $1,221,525.40 worth of WEC shares on May 9, 2024.

Learn more about who owns WEC stock here.

Does WEC provide a stable income stream?

Wec Energy Group pays a dividend of 4.02%, compared to the Utilities - Regulated Electric industry's average dividend yield of 3.53%. If you owned $1,000 of WEC stock, you would have been paid $40.20 last year.

Wec Energy Group dividend payments have consistently grown over the past decade but have not remained stable.

Dig into more info about Wec Energy Group dividend yield and history here.

What do other traders have to say about WEC?

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Step 5: Execute your WEC trade

There are two primary types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are mostly fine.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a particular dollar amount limit, use a limit order.

Hit the Open Trade button and your broker will execute the order.

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Step 6: Get key alerts regarding your investment in WEC

Now that you own some WEC stock, you'll want to stay up-to-date on your new stock purchase.

Start a watchlist to see the latest developments about your WEC stock.

WEC Feed

How to Buy Stock in Wec Energy Group

To reiterate, here are the 6 steps to buy Wec Energy Group stock:

  1. Decide where to buy Wec Energy Group stock
  2. Open a brokerage account
  3. Put funds into your investment account
  4. Research Wec Energy Group stock
  5. Execute your WEC trade
  6. Get key alerts regarding your investment in WEC

If you are looking for a place to buy stocks, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep tabs on your new investment in Wec Energy Group, click below.

NYSE: WEC
$80.34+2.15 (+2.75%)
Updated Jul 11, 2024
Open eToro Account
NYSE: WEC
$80.34+2.15 (+2.75%)
Updated Jul 11, 2024
Open eToro Account

FAQ

How much does it cost to buy one Wec Energy Group share?

As of Jul 11, 2024, it costs $80.34 to buy one share of Wec Energy Group stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.124 shares of WEC.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Wec Energy Group stock?

According to 8 Wall Street analysts who monitor Wec Energy Group, their consensus recommendation is to hold Wec Energy Group stock.

What is the best way to buy Wec Energy Group stock?

One way to place an order for Wec Energy Group stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.