WEC Energy Group (NYSE:WEC) Hits New 12-Month Low – Here’s Why

Shares of WEC Energy Group, Inc. (NYSE:WEC) reached a new 52-week low on Thursday. The company traded as low as $99.80 and last traded at $99.9450, with a volume of 109436 shares. The stock had previously closed at $100.78.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. 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. Wall Street Zen upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 22nd. KeyCorp cut their target price on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. BMO Capital Markets reduced their target price on 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, WEC Energy Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.91.

WEC Energy Group Stock Performance

The company has a market capitalization of $32.77 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 2.12 and a beta of 0.47. The firm has a 50 day moving average price of $107.00 and a two-hundred day moving average price of $111.76. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.WEC Energy Group’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company earned $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, research analysts expect that WEC Energy Group, Inc. will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were issued a dividend of $0.9525 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.8%. WEC Energy Group’s dividend payout ratio (DPR) is presently 73.84%.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total transaction of $103,468.40. Following the sale, the director directly owned 19,588 shares of the company’s stock, valued at approximately $2,068,101.04. This represents a 4.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Annex Advisory Services LLC increased its holdings in WEC Energy Group by 8.6% during the 2nd quarter. Annex Advisory Services LLC now owns 121,431 shares of the utilities provider’s stock valued at $14,179,000 after purchasing an additional 9,591 shares in the last quarter. Sterling Capital Management LLC boosted its stake in WEC Energy Group by 106.3% in the first quarter. Sterling Capital Management LLC now owns 44,046 shares of the utilities provider’s stock worth $5,099,000 after purchasing an additional 22,697 shares in the last quarter. DAVENPORT & Co LLC grew its holdings in shares of WEC Energy Group by 15.3% during the second quarter. DAVENPORT & Co LLC now owns 96,430 shares of the utilities provider’s stock worth $11,260,000 after purchasing an additional 12,773 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of WEC Energy Group in the second quarter valued at $2,783,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of WEC Energy Group in the second quarter valued at $3,773,000. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Company Profile

WEC Energy Group, Inc is an energy holding company that provides electricity and natural gas to residential, commercial, and industrial customers. Its operations include electric generation, transmission, distribution, and natural gas distribution, as well as related energy infrastructure and renewable energy activities.

The company serves customers primarily in Wisconsin and parts of Michigan, Minnesota, and Illinois through utilities including We Energies, Wisconsin Public Service, Upper Michigan Energy Resources, Minnesota Energy Resources, North Shore Gas, and Peoples Gas.