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

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

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Mizuho upped their price objective on shares of WEC Energy Group from $117.00 to $121.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. BMO Capital Markets restated a “market perform” rating and set a $121.00 price target on shares of WEC Energy Group in a research note on Friday, February 6th. UBS Group cut their price target on WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Wells Fargo & Company decreased their price objective on WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Finally, Barclays boosted 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. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $120.67.

WEC Energy Group Price Performance

The stock has a market cap of $38.37 billion, a price-to-earnings ratio of 24.41, a price-to-earnings-growth ratio of 2.82 and a beta of 0.58. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 1.35. The company’s 50-day moving average is $111.90 and its 200-day moving average is $110.83.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the company posted $1.43 EPS. The company’s 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, VP Mary Beth Straka sold 2,815 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $115.50, for a total value of $325,132.50. Following the sale, the vice president owned 4,707 shares of the company’s stock, valued at approximately $543,658.50. This represents a 37.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott J. Lauber sold 8,089 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $110.70, for a total transaction of $895,452.30. Following the sale, the chief executive officer owned 66,801 shares of the company’s stock, valued at $7,394,870.70. This trade represents a 10.80% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 42,354 shares of company stock valued at $4,855,505. 0.50% of the stock is currently owned by insiders.

Institutional Trading of WEC Energy Group

Several hedge funds have recently modified their holdings of the company. Godfrey Financial Associates Inc. bought a new position in shares of WEC Energy Group in the fourth quarter valued at approximately $25,000. CoreFirst Bank & Trust bought a new position in WEC Energy Group in the 2nd quarter valued at $26,000. Torren Management LLC bought a new position in WEC Energy Group in the 4th quarter valued at $26,000. Osterweis Capital Management Inc. acquired a new position in WEC Energy Group in the second quarter worth $27,000. Finally, Harbor Investment Advisory LLC increased its stake in shares of WEC Energy Group by 256.4% in the fourth quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

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.