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

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

Analyst Ratings Changes

WEC has been the topic of several research analyst reports. BMO Capital Markets reissued a “market perform” rating and issued a $121.00 price objective on shares of WEC Energy Group in a research note on Friday, February 6th. UBS Group dropped their price objective on WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Argus raised WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. Jefferies Financial Group dropped their price objective on WEC Energy Group from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. Finally, Wells Fargo & Company dropped their price objective on WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $120.73.

WEC Energy Group Price Performance

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

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

Insider Buying and Selling

In other WEC Energy Group news, VP Mary Beth Straka sold 2,815 shares of the 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 sale, the vice president owned 4,707 shares of the company’s stock, valued at approximately $543,658.50. This trade represents a 37.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gale E. Klappa sold 5,000 shares of the 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 sale, the director directly owned 276,600 shares in the company, valued at $32,237,730. This trade represents a 1.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 42,354 shares of company stock worth $4,855,505 over the last quarter. Insiders own 0.50% of the company’s stock.

Institutional Trading of WEC Energy Group

A number of institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC boosted its position in shares of WEC Energy Group by 7.8% in the 4th quarter. Hsbc Holdings PLC now owns 579,000 shares of the utilities provider’s stock worth $61,091,000 after purchasing an additional 42,083 shares in the last quarter. World Investment Advisors boosted its position in shares of WEC Energy Group by 14.9% in the 4th quarter. World Investment Advisors now owns 28,541 shares of the utilities provider’s stock worth $3,010,000 after purchasing an additional 3,710 shares in the last quarter. Meadowbrook Advisors Group LLC acquired a new stake in shares of WEC Energy Group in the 4th quarter worth $232,000. Corient Private Wealth LLC boosted its position in shares of WEC Energy Group by 1.0% in the 4th quarter. Corient Private Wealth LLC now owns 218,655 shares of the utilities provider’s stock worth $23,125,000 after purchasing an additional 2,172 shares in the last quarter. Finally, Bayban acquired a new stake in shares of WEC Energy Group in the 4th quarter worth $428,000. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Company Profile

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.