WEC Energy Group (NYSE:WEC) Reaches New 1-Year Low – Here’s What Happened

WEC Energy Group, Inc. (NYSE:WEC) reached a new 52-week low during mid-day trading on Tuesday . The stock 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 research analysts have commented on the stock. BMO Capital Markets lowered their price objective on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. KeyCorp reduced their target price on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Truist Financial decreased their price target on 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. Weiss Ratings raised 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 WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price objective for the company. in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $121.91.

WEC Energy Group Trading Down 1.6%

The business’s 50 day simple moving average is $108.15 and its two-hundred day simple moving average is $112.24. The stock has a market cap of $32.98 billion, a P/E ratio of 19.61, a PEG ratio of 2.12 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 quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the business posted $0.76 EPS. WEC Energy Group’s revenue for the quarter was up 2.6% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, analysts expect that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Dividend Announcement

The firm also recently declared 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 3.8%. WEC Energy Group’s dividend payout ratio (DPR) is presently 73.84%.

Insider Transactions at WEC Energy Group

In other WEC Energy Group 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 transaction of $103,468.40. Following the transaction, the director directly owned 19,588 shares of the company’s stock, valued at approximately $2,068,101.04. The trade was a 4.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WEC. Geode Capital Management LLC raised its position in shares of WEC Energy Group by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 8,838,003 shares of the utilities provider’s stock worth $928,653,000 after acquiring an additional 88,557 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of WEC Energy Group by 3.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,734,979 shares of the utilities provider’s stock worth $436,133,000 after buying an additional 111,057 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of WEC Energy Group by 175.0% in the 4th quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock valued at $354,093,000 after acquiring an additional 2,136,542 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of WEC Energy Group by 0.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,571,015 shares of the utilities provider’s stock valued at $297,646,000 after acquiring an additional 7,206 shares during the period. Finally, Legal & General Group Plc acquired a new stake in WEC Energy Group in the second quarter worth $299,100,000. Institutional investors own 77.20% of the company’s stock.

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.