WEC Energy Group, Inc. (NYSE:WEC – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $119.91 and last traded at $119.4760, with a volume of 159430 shares changing hands. The stock had previously closed at $116.63.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on WEC shares. Wall Street Zen lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. JPMorgan Chase & Co. lowered their price objective on WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Wells Fargo & Company reissued an “overweight” rating and set a $127.00 price objective on shares of WEC Energy Group in a research note on Tuesday, April 21st. Weiss Ratings restated a “buy (b)” rating on shares of WEC Energy Group in a report on Friday, June 26th. Finally, Barclays lifted their target price on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $123.60.
Get Our Latest Stock Analysis on WEC Energy Group
WEC Energy Group Stock Performance
WEC Energy Group (NYSE:WEC – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.15. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The business had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter last year, the business posted $2.27 EPS. The business’s revenue was up 9.0% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Thursday, May 14th were issued a $0.9525 dividend. The ex-dividend date was Thursday, May 14th. This represents a $3.81 annualized dividend and a yield of 3.2%. WEC Energy Group’s payout ratio is 76.05%.
Insider Transactions at WEC Energy Group
In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total value of $517,628.40. Following the completion of the transaction, the executive vice president directly owned 7,346 shares in the company, valued at approximately $815,112.16. This represents a 38.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.46% of the company’s stock.
Hedge Funds Weigh In On WEC Energy Group
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC grew its holdings in shares of WEC Energy Group by 16.9% during the 1st quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock worth $1,820,000 after acquiring an additional 2,417 shares during the period. Woodline Partners LP boosted its position in shares of WEC Energy Group by 41.3% during the first quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider’s stock valued at $2,925,000 after purchasing an additional 7,841 shares in the last quarter. Cerity Partners LLC boosted its position in shares of WEC Energy Group by 7.3% during the second quarter. Cerity Partners LLC now owns 44,286 shares of the utilities provider’s stock valued at $4,616,000 after purchasing an additional 3,006 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in WEC Energy Group by 477.4% in the second quarter. Qube Research & Technologies Ltd now owns 333,552 shares of the utilities provider’s stock worth $34,756,000 after purchasing an additional 275,786 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in shares of WEC Energy Group by 8.8% during the 2nd quarter. NewEdge Advisors LLC now owns 58,364 shares of the utilities provider’s stock valued at $6,082,000 after buying an additional 4,730 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.
WEC Energy Group Company Profile
WEC Energy Group is a Milwaukee, Wisconsin–based regulated energy holding company whose primary businesses are the generation, transmission and distribution of electricity and the distribution of natural gas. The company operates through a set of utility subsidiaries that provide bundled energy service, customer billing and energy-related programs to residential, commercial and industrial customers. As a regulated utility group, WEC’s operations focus on delivering reliable service while managing infrastructure investment and compliance with state and federal utility regulation.
Its utility subsidiaries include well-known regional operators such as We Energies and Wisconsin Public Service, along with Chicago-area natural gas utilities that were part of the Integrys Energy Group acquisition.
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