WEC Energy Group (NYSE:WEC – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.
Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets dropped their target price on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Truist Financial cut their target price on shares of 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. Mizuho set a $124.00 target price on shares of WEC Energy Group in a research note on Wednesday, May 6th. Weiss Ratings cut WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. raised their price target on 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 investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, WEC Energy Group has an average rating of “Moderate Buy” and an average target price of $121.91.
Check Out Our Latest Stock Report on WEC
WEC Energy Group Trading Down 0.1%
WEC Energy Group (NYSE:WEC – Get Free Report) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the previous year, the firm earned $0.76 EPS. WEC Energy Group’s revenue was up 2.6% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, sell-side analysts predict that WEC Energy Group will post 5.59 EPS for the current year.
Insider Transactions 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 that occurred on Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total transaction of $103,468.40. Following the completion of 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 is accessible through the SEC website. Company 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 WEC. Annex Advisory Services LLC increased its stake in WEC Energy Group by 8.6% in the 2nd quarter. Annex Advisory Services LLC now owns 121,431 shares of the utilities provider’s stock worth $14,179,000 after acquiring an additional 9,591 shares during the last quarter. North Dakota State Investment Board bought a new position in shares of WEC Energy Group during the 4th quarter valued at approximately $1,155,000. Sterling Capital Management LLC boosted its position in shares of WEC Energy Group by 106.3% during the 1st quarter. Sterling Capital Management LLC now owns 44,046 shares of the utilities provider’s stock valued at $5,099,000 after acquiring an additional 22,697 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of WEC Energy Group by 9.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 698,377 shares of the utilities provider’s stock valued at $74,356,000 after purchasing an additional 62,243 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of WEC Energy Group by 377.5% in the fourth quarter. GSA Capital Partners LLP now owns 15,666 shares of the utilities provider’s stock valued at $1,652,000 after purchasing an additional 12,385 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.
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.
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