WEC Energy Group, Inc. (NYSE:WEC) Given Consensus Rating of “Moderate Buy” by Analysts
by Renee Jackson · The Cerbat GemWEC Energy Group, Inc. (NYSE:WEC – Get Free Report) has been given an average recommendation of “Moderate Buy” by the eighteen research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $120.7333.
Several equities research analysts have recently issued reports on WEC shares. Barclays raised their price objective on WEC Energy Group from $110.00 to $111.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 24th. Jefferies Financial Group decreased their price target on WEC Energy Group from $124.00 to $121.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. BTIG Research restated a “buy” rating and issued a $135.00 price target on shares of WEC Energy Group in a research report on Friday, January 30th. Wells Fargo & Company dropped their price objective on shares of WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Finally, KeyCorp boosted their price objective on shares of WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th.
View Our Latest Research Report on WEC
WEC Energy Group Stock Up 0.5%
Shares of NYSE WEC opened at $116.35 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35. WEC Energy Group has a 12-month low of $100.61 and a 12-month high of $118.53. The firm’s 50-day moving average price is $113.99 and its 200-day moving average price is $111.46. The stock has a market capitalization of $37.90 billion, a price-to-earnings ratio of 24.09, a P/E/G ratio of 2.78 and a beta of 0.58.
WEC Energy Group (NYSE:WEC – Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the business posted $1.43 earnings per share. The firm’s revenue was down 8.8% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities research analysts anticipate that WEC Energy Group will post 5.23 EPS for the current fiscal year.
Insider Activity
In related news, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $115.44, for a total transaction of $2,886,000.00. Following the completion of the transaction, the director directly owned 276,600 shares of the company’s stock, valued at approximately $31,930,704. The trade was a 8.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ulice Payne, Jr. sold 1,450 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total transaction of $166,170.00. Following the completion of the sale, the director directly owned 20,541 shares in the company, valued at $2,353,998.60. This trade represents a 6.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 42,354 shares of company stock valued at $4,855,505 in the last quarter. 0.50% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On WEC Energy Group
Several hedge funds and other institutional investors have recently modified their holdings of the business. Empowered Funds LLC grew its position in WEC Energy Group by 16.9% in the 1st quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock valued at $1,820,000 after acquiring an additional 2,417 shares during the last quarter. Woodline Partners LP lifted its position in shares of WEC Energy Group by 41.3% during the first quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider’s stock worth $2,925,000 after purchasing an additional 7,841 shares during the last quarter. Coldstream Capital Management Inc. lifted its position in shares of WEC Energy Group by 4.3% during the second quarter. Coldstream Capital Management Inc. now owns 4,252 shares of the utilities provider’s stock worth $443,000 after purchasing an additional 174 shares during the last quarter. CreativeOne Wealth LLC boosted its stake in shares of WEC Energy Group by 32.2% during the second quarter. CreativeOne Wealth LLC now owns 5,410 shares of the utilities provider’s stock valued at $564,000 after purchasing an additional 1,319 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of WEC Energy Group by 4.6% in the second quarter. Steward Partners Investment Advisory LLC now owns 36,345 shares of the utilities provider’s stock worth $3,787,000 after purchasing an additional 1,599 shares during the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.
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.