WEC Energy Group (NYSE:WEC) Reaches New 52-Week High – Still a Buy?

WEC Energy Group, Inc. (NYSE:WEC)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $118.54 and last traded at $118.8340, with a volume of 31353 shares trading hands. The stock had previously closed at $117.28.

Analysts Set New Price Targets

A number of brokerages recently commented on WEC. Jefferies Financial Group dropped their price target on WEC Energy Group from $124.00 to $121.00 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Weiss Ratings reissued a “buy (b)” rating on shares of WEC Energy Group in a research note on Monday, December 29th. Bank of America set a $116.00 price target on WEC Energy Group in a research note on Wednesday, December 31st. KeyCorp increased their price target on WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Finally, Mizuho increased their price target on WEC Energy Group from $117.00 to $121.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, WEC Energy Group currently has an average rating of “Moderate Buy” and a consensus price target of $120.73.

WEC Energy Group Stock Performance

The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.44. The business has a 50-day simple moving average of $114.74 and a 200-day simple moving average of $111.72. The firm has a market capitalization of $38.83 billion, a PE ratio of 24.66, a P/E/G ratio of 2.82 and a beta of 0.53.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 earnings per share (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 the consensus estimate of $2.19 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities research analysts expect that WEC Energy Group, Inc. will post 5.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Ulice Payne, Jr. sold 1,450 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total value of $166,170.00. Following the sale, the director directly owned 20,541 shares in the company, valued at approximately $2,353,998.60. This represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gale E. Klappa sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $116.55, for a total value of $582,750.00. Following the completion of the sale, the director owned 276,600 shares in the company, valued at approximately $32,237,730. The trade was a 1.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 42,354 shares of company stock valued at $4,855,505. 0.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On WEC Energy Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Pure Financial Advisors LLC raised its holdings in shares of 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 worth $245,000 after buying an additional 86 shares during the period. CVA Family Office LLC raised its holdings in shares of WEC Energy Group by 25.4% in the third quarter. CVA Family Office LLC now owns 440 shares of the utilities provider’s stock worth $50,000 after buying an additional 89 shares during the period. Blossom Wealth Management raised its holdings in shares of WEC Energy Group by 1.4% in the third quarter. Blossom Wealth Management now owns 6,439 shares of the utilities provider’s stock worth $738,000 after buying an additional 90 shares during the period. Inscription Capital LLC raised its holdings in shares of WEC Energy Group by 4.7% in the fourth quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider’s stock worth $215,000 after buying an additional 91 shares during the period. Finally, Moors & Cabot Inc. raised its holdings in shares of WEC Energy Group by 1.7% in the third quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock worth $632,000 after buying an additional 93 shares during the period. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

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.