WEC Energy Group, Inc. (NYSE:WEC – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $102.94 and last traded at $102.9560, with a volume of 987615 shares traded. The stock had previously closed at $103.51.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on WEC shares. LADENBURG THALM/SH SH cut shares of WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price objective for the company. in a research note on Tuesday, August 4th. KeyCorp cut 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 report on Thursday, July 23rd. Truist Financial decreased their price target on shares of WEC Energy Group from $122.00 to $114.00 and set a “hold” rating for the company in a report on Thursday, August 13th. Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Monday. Finally, BMO Capital Markets dropped their price objective on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, WEC Energy Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.91.
View Our Latest Stock Analysis on WEC
WEC Energy Group Stock Down 0.1%
WEC Energy Group (NYSE:WEC – Get Free Report) last announced 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 business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.11 billion. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. WEC Energy Group’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 earnings per share. 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 EPS for the current fiscal year.
WEC Energy Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were issued a dividend of $0.9525 per share. The ex-dividend date was Friday, August 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.7%. WEC Energy Group’s payout ratio is presently 73.84%.
Insider Activity
In other news, Director Ulice Payne, Jr. sold 980 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total transaction of $103,468.40. Following the completion of the transaction, the director owned 19,588 shares of the company’s stock, valued at approximately $2,068,101.04. This represents a 4.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.46% of the company’s stock.
Hedge Funds Weigh In On WEC Energy Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pure Financial Advisors LLC lifted its stake in WEC Energy Group by 3.9% in the fourth quarter. Pure Financial Advisors LLC now owns 2,319 shares of the utilities provider’s stock valued at $245,000 after purchasing an additional 86 shares during the last quarter. Community Bank & Trust Waco Texas lifted its position in shares of WEC Energy Group by 5.1% during the 4th quarter. Community Bank & Trust Waco Texas now owns 1,964 shares of the utilities provider’s stock valued at $207,000 after buying an additional 96 shares during the last quarter. TIAA Trust National Association grew its stake in shares of WEC Energy Group by 0.7% during the 4th quarter. TIAA Trust National Association now owns 14,943 shares of the utilities provider’s stock worth $1,576,000 after acquiring an additional 98 shares during the period. Hibernia Wealth Partners LLC increased its holdings in WEC Energy Group by 3.3% in the 1st quarter. Hibernia Wealth Partners LLC now owns 3,367 shares of the utilities provider’s stock worth $390,000 after acquiring an additional 106 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC increased its holdings in WEC Energy Group by 21.6% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 625 shares of the utilities provider’s stock worth $66,000 after acquiring an additional 111 shares during the last quarter. 77.20% of the stock is currently owned by institutional investors.
About WEC Energy Group
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.
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