WEC Energy Group (NYSE:WEC) Hits New 1-Year Low - Time to Sell?

Key Points

• WEC Energy Group shares hit a new 52-week low, trading as low as $102.76 and declining below both its 50-day and 200-day moving averages.
• Analysts remain broadly positive but have lowered price targets: the consensus rating is “Moderate Buy” with a target price of $121.91, compared with the stock’s recent price near $102.81.
• The company reported quarterly EPS of $0.91, beating estimates, and maintains a quarterly dividend of $0.9525 per share, equivalent to a 3.7% yield and a 73.84% payout ratio.

WEC Energy Group, Inc. (NYSE:WEC - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $102.76 and last traded at $102.8080, with a volume of 1003819 shares changing hands. The stock had previously closed at $103.48.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on WEC shares. KeyCorp reduced their price target on shares of WEC Energy Group from $126.00 to $117.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. BMO Capital Markets decreased their price target on shares of WEC Energy Group from $120.00 to $117.00 and set a "market perform" rating for the company in a research note on Wednesday, July 22nd. Truist Financial reduced their price target on WEC Energy Group from $122.00 to $114.00 and set a "hold" rating for the company in a research report on Thursday, August 13th. LADENBURG THALM/SH SH downgraded shares of WEC Energy Group from a "buy" rating to a "neutral" rating and set a $110.50 target price on the stock. in a report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. upped their price objective on WEC Energy Group from $120.00 to $124.00 and gave the company a "neutral" rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, WEC Energy Group has a consensus rating of "Moderate Buy" and a consensus target price of $121.91.

WEC Energy Group Trading Down 0.6%

The business's 50 day moving average price is $108.63 and its two-hundred day moving average price is $112.44. The company has a market capitalization of $33.50 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 2.13 and a beta of 0.47. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35.

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

WEC Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were paid a dividend of $0.9525 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $3.81 annualized dividend and a dividend yield of 3.7%. WEC Energy Group's dividend payout ratio (DPR) is presently 73.84%.

Insider Transactions at WEC Energy Group

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Pure Financial Advisors LLC grew its holdings in shares of WEC Energy Group by 3.9% during 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 in the last quarter. Community Bank & Trust Waco Texas increased its holdings in shares of WEC Energy Group by 5.1% during the 4th quarter. Community Bank & Trust Waco Texas now owns 1,964 shares of the utilities provider's stock worth $207,000 after buying an additional 96 shares during the last quarter. TIAA Trust National Association increased its stake in WEC Energy Group by 0.7% during the fourth quarter. TIAA Trust National Association now owns 14,943 shares of the utilities provider's stock worth $1,576,000 after acquiring an additional 98 shares during the last quarter. Hibernia Wealth Partners LLC raised its holdings in WEC Energy Group by 3.3% in the first quarter. Hibernia Wealth Partners LLC now owns 3,367 shares of the utilities provider's stock valued at $390,000 after buying an additional 106 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of WEC Energy Group by 21.6% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 625 shares of the utilities provider's stock valued at $66,000 after acquiring an additional 111 shares during the period. Institutional investors and hedge funds own 77.20% of the company's stock.

About WEC Energy Group

WEC Energy Group is a diversified energy holding company headquartered in Milwaukee, Wisconsin. Through its utility subsidiaries, the company generates and distributes electricity and delivers natural gas to residential, commercial, and industrial customers.

WEC Energy Group serves customers primarily in Wisconsin, Illinois, Michigan, and Minnesota. Its operating companies include We Energies, Wisconsin Public Service, Upper Michigan Energy Resources, Minnesota Energy Resources, Michigan Gas Utilities, North Shore Gas, and Peoples Gas.

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