Price Over Earnings Overview: WEC Energy Group
Portfolio Pulse from Benzinga Insights
WEC Energy Group Inc. (NYSE:WEC) shares are trading at $92.31, after a 0.29% increase. Over the past month, the stock spiked by 5.56%, but decreased by 10.36% in the past year. The company's P/E ratio is lower than the aggregate P/E of 51.26 of the Multi-Utilities industry, indicating that the stock might be undervalued.
July 26, 2023 | 7:45 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
WEC Energy Group's stock is potentially undervalued, as indicated by its lower P/E ratio compared to the industry average.
A lower P/E ratio can indicate that a stock is undervalued. Given that WEC Energy Group's P/E ratio is lower than the industry average, it suggests that the stock might be undervalued. However, a low P/E ratio can also suggest weak growth prospects or financial instability, so further analysis is needed.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100