New Lifetime High Reached: WEC Energy Group (WEC)

Trade-Ideas LLC identified WEC Energy Group (WEC) as a new lifetime high candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

WEC Energy Group

(

WEC

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified WEC Energy Group as such a stock due to the following factors:

  • WEC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $170.3 million.
  • WEC has traded 46,303 shares today.
  • WEC is trading at a new lifetime high.

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More details on WEC:

WEC Energy Group, Inc., through its subsidiaries, generates and distributes electric energy. The company operates through Wisconsin, Illinois, Other States, electric transmission, and We Power, Corporate and Other segments. The stock currently has a dividend yield of 3.1%. WEC has a PE ratio of 25. Currently there are 3 analysts that rate WEC Energy Group a buy, no analysts rate it a sell, and 7 rate it a hold.

The average volume for WEC Energy Group has been 2.0 million shares per day over the past 30 days. WEC Energy Group has a market cap of $20.3 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.13 and a short float of 3.2% with 3.88 days to cover. Shares are up 25% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates WEC Energy Group as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:

  • WEC's very impressive revenue growth greatly exceeded the industry average of 9.6%. Since the same quarter one year prior, revenues leaped by 58.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Multi-Utilities industry. The net income increased by 76.7% when compared to the same quarter one year prior, rising from $196.10 million to $346.50 million.
  • Net operating cash flow has significantly increased by 111.07% to $695.90 million when compared to the same quarter last year. In addition, WEC ENERGY GROUP INC has also vastly surpassed the industry average cash flow growth rate of -6.90%.
  • 35.41% is the gross profit margin for WEC ENERGY GROUP INC which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 15.78% trails the industry average.
  • Powered by its strong earnings growth of 26.74% and other important driving factors, this stock has surged by 36.80% over the past year, outperforming the rise in the S&P 500 Index during the same period. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.

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