WEC Energy Group (NYSE:WEC) Hits New 52-Week Low – What’s Next?

WEC Energy Group, Inc. (NYSE:WEC) reached a new 52-week low during trading on Tuesday . The company traded as low as $102.76 and last traded at $102.8080, with a volume of 1003819 shares traded. The stock had previously closed at $103.48.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WEC. KeyCorp decreased their target price on shares of WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Truist Financial cut their target price on shares of WEC Energy Group from $122.00 to $114.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. Wall Street Zen upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Tuesday. Weiss Ratings raised shares of WEC Energy Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 8th. Finally, LADENBURG THALM/SH SH downgraded shares of WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price target for the company. in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $121.91.

WEC Energy Group Price Performance

The business has a 50-day simple moving average of $108.63 and a two-hundred day simple moving average of $112.44. The stock has a market capitalization of $33.50 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 2.13 and a beta of 0.47. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35.

WEC Energy Group (NYSE:WEC) last released its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.WEC Energy Group’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.76 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, research analysts predict that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were paid a dividend of $0.9525 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.7%. WEC Energy Group’s dividend payout ratio (DPR) is currently 73.84%.

Insider Buying and Selling at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 980 shares of WEC Energy Group stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total value of $103,468.40. Following the transaction, the director owned 19,588 shares of the company’s stock, valued at approximately $2,068,101.04. This trade represents a 4.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is owned by company insiders.

Hedge Funds Weigh In On WEC Energy Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. purchased a new position in WEC Energy Group during the 4th quarter valued at about $25,000. Physician Wealth Advisors Inc. increased its holdings in shares of WEC Energy Group by 113.9% during the 1st quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 131 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of WEC Energy Group by 972.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 214 shares during the period. Compass Financial Management LLC bought a new position in WEC Energy Group in the 2nd quarter worth $29,000. Finally, Paladin Partners LLC bought a new position in shares of WEC Energy Group in the second quarter worth about $34,000. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

WEC Energy Group Company Profile

WEC Energy Group is a diversified energy holding company headquartered in Milwaukee, Wisconsin. Through its utility subsidiaries, the company generates and distributes electricity and delivers natural gas to residential, commercial, and industrial customers.

WEC Energy Group serves customers primarily in Wisconsin, Illinois, Michigan, and Minnesota. Its operating companies include We Energies, Wisconsin Public Service, Upper Michigan Energy Resources, Minnesota Energy Resources, Michigan Gas Utilities, North Shore Gas, and Peoples Gas.