WEC Energy Group (NYSE:WEC) Hits New 12-Month High – Should You Buy?

WEC Energy Group, Inc. (NYSE:WEC)’s stock price reached a new 52-week high on Monday . The stock traded as high as $118.19 and last traded at $117.44, with a volume of 64228 shares trading hands. The stock had previously closed at $117.35.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WEC shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of WEC Energy Group in a research report on Monday, December 29th. Wells Fargo & Company decreased their target price on shares of WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $127.00 price target on shares of WEC Energy Group in a research note on Friday, January 23rd. Barclays lifted their price objective on WEC Energy Group from $105.00 to $110.00 and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. Finally, Bank of America set a $116.00 target price on WEC Energy Group in a research report on Wednesday, December 31st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.67.

WEC Energy Group Trading Up 0.4%

The company has a fifty day simple moving average of $111.90 and a two-hundred day simple moving average of $110.83. The company has a market capitalization of $38.37 billion, a P/E ratio of 24.41, a price-to-earnings-growth ratio of 2.82 and a beta of 0.58. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.44.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the firm posted $1.43 EPS. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, analysts forecast that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Gale E. Klappa sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $116.55, for a total value of $582,750.00. Following the transaction, the director directly owned 276,600 shares in the company, valued at approximately $32,237,730. This trade represents a 1.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Mary Beth Straka sold 2,815 shares of WEC Energy Group stock in a transaction on Friday, February 13th. The stock was sold at an average price of $115.50, for a total transaction of $325,132.50. Following the completion of the transaction, the vice president owned 4,707 shares in the company, valued at $543,658.50. This trade represents a 37.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 42,354 shares of company stock valued at $4,855,505 over the last three months. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On WEC Energy Group

Several hedge funds and other institutional investors have recently made changes to their positions in WEC. Godfrey Financial Associates Inc. bought a new stake in WEC Energy Group during the 4th quarter valued at approximately $25,000. Torren Management LLC bought a new position in WEC Energy Group in the 4th quarter worth approximately $26,000. CoreFirst Bank & Trust acquired a new position in shares of WEC Energy Group during the second quarter worth approximately $26,000. Osterweis Capital Management Inc. bought a new stake in shares of WEC Energy Group in the second quarter valued at approximately $27,000. Finally, Salomon & Ludwin LLC bought a new stake in shares of WEC Energy Group in the third quarter valued at approximately $30,000. 77.20% of the stock is owned by institutional investors and hedge funds.

About WEC Energy Group

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.