WEC Energy Group (NYSE:WEC) Hits New 12-Month High - Time to Buy?

WEC Energy Group, Inc. (NYSE:WEC - Get Free Report)'s stock price hit a new 52-week high on Monday . The stock traded as high as $110.19 and last traded at $109.15, with a volume of 994774 shares. The stock had previously closed at $106.84.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. StockNews.com downgraded shares of WEC Energy Group from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Scotiabank lifted their price target on shares of WEC Energy Group from $103.00 to $110.00 and gave the stock a "sector outperform" rating in a research note on Monday, December 9th. KeyCorp upped their price objective on WEC Energy Group from $108.00 to $109.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. BMO Capital Markets raised their target price on WEC Energy Group from $95.00 to $100.00 and gave the stock a "market perform" rating in a report on Wednesday, February 5th. Finally, Barclays raised WEC Energy Group from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $89.00 to $93.00 in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $101.88.

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WEC Energy Group Stock Performance

The firm has a market capitalization of $33.07 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60. The business's fifty day simple moving average is $100.77 and its 200-day simple moving average is $97.84.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.06). The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. WEC Energy Group's revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.10 EPS. As a group, equities research analysts expect that WEC Energy Group, Inc. will post 5.23 EPS for the current year.

Insider Transactions at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 1,150 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $104.17, for a total value of $119,795.50. Following the sale, the director now owns 21,951 shares in the company, valued at approximately $2,286,635.67. The trade was a 4.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gale E. Klappa sold 25,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $108.62, for a total transaction of $2,715,500.00. Following the transaction, the director now owns 274,955 shares of the company's stock, valued at $29,865,612.10. This trade represents a 8.33 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.34% of the company's stock.

Institutional Investors Weigh In On WEC Energy Group

Several large investors have recently added to or reduced their stakes in WEC. Larson Financial Group LLC increased its position in shares of WEC Energy Group by 3,828.6% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 268 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new position in WEC Energy Group during the fourth quarter worth $28,000. Coastline Trust Co bought a new position in WEC Energy Group during the third quarter valued at $29,000. Hoey Investments Inc. purchased a new stake in shares of WEC Energy Group in the fourth quarter valued at $42,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of WEC Energy Group in the 3rd quarter worth about $45,000. 77.20% of the stock is owned by institutional investors.

WEC Energy Group Company Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.