WEC stock hits 52-week high at $107.17 amid robust growth

Wisconsin Energy Corporation (NYSE:WEC) stock soared to a 52-week high, reaching a price level of $107.17. According to InvestingPro data, technical indicators suggest the stock is in overbought territory, though it has historically demonstrated low price volatility with a beta of 0.48. This peak reflects a significant uptrend for the utility company, which has seen its value increase by 41.15% over the past year. Investors have shown increased confidence in WEC’s performance and prospects, propelling the stock to new heights. The company’s strategic initiatives and consistent financial results, including a remarkable 21-year streak of dividend increases and current yield of 3.35%, have contributed to the bullish sentiment. With a market capitalization of $33.9 billion, WEC has marked a notable period of growth, though current valuations suggest the stock may be trading above its Fair Value. For deeper insights into WEC’s valuation and 8 additional exclusive ProTips, check out the comprehensive Pro Research Report available on InvestingPro.

In other recent news, WEC Energy Group reported its fourth-quarter 2024 earnings, revealing a miss on both earnings per share (EPS) and revenue compared to analyst forecasts. The company posted an EPS of $1.10, below the anticipated $1.47, and revenue of $2.28 billion, missing the expected $2.56 billion. Despite these results, WEC Energy has set a positive earnings guidance for 2025, projecting EPS between $5.17 and $5.27. Jefferies analyst Julien Dumoulin-Smith raised the price target for WEC Energy to $103.00, up from $102.00, while maintaining a Hold rating. The analyst noted the long-term earnings per share upside, driven by data center projects, and described regulatory risks as manageable. The company’s plans for significant investments in renewable energy projects were highlighted during the earnings call, along with a robust $28 billion capital plan over the next five years. CEO Scott Lauber emphasized strong economic growth in the region and confidence in the company’s future, despite the earnings miss.

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