WEC Energy Group, Inc. (NYSE:WEC – Get Free Report) has received a consensus rating of “Moderate Buy” from the eighteen ratings firms that are covering the firm, Marketbeat.com reports. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $121.9062.
Several analysts recently weighed in on the stock. Weiss Ratings upgraded shares of WEC Energy Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 8th. KeyCorp cut their target price on shares of WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. BMO Capital Markets cut their price objective on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. LADENBURG THALM/SH SH cut 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. Finally, Wall Street Zen raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Tuesday.
Check Out Our Latest Stock Analysis on WEC
Insider Activity at WEC Energy Group
Hedge Funds Weigh In On WEC Energy Group
A number of hedge funds and other institutional investors have recently bought and sold shares of WEC. Annex Advisory Services LLC boosted 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 buying an additional 9,591 shares during the last quarter. Sterling Capital Management LLC boosted its stake in shares of 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 valued at $5,099,000 after purchasing an additional 22,697 shares during the period. DAVENPORT & Co LLC raised its position in shares of WEC Energy Group by 15.3% in the 2nd quarter. DAVENPORT & Co LLC now owns 96,430 shares of the utilities provider’s stock valued at $11,260,000 after purchasing an additional 12,773 shares in the last quarter. GSA Capital Partners LLP acquired a new position in WEC Energy Group during the 2nd quarter worth $2,783,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in WEC Energy Group in the second quarter valued at about $3,773,000. 77.20% of the stock is currently owned by hedge funds and other institutional investors.
WEC Energy Group Stock Performance
WEC opened at $101.20 on Friday. The firm has a market capitalization of $32.98 billion, a PE ratio of 19.61, a PEG ratio of 2.12 and a beta of 0.47. The firm’s 50-day moving average price is $108.15 and its 200 day moving average price is $112.24. WEC Energy Group has a twelve month low of $101.00 and a twelve month high of $119.91. 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 posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, sell-side analysts expect that WEC Energy Group will post 5.59 EPS for the current fiscal year.
WEC Energy Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were issued a $0.9525 dividend. This represents a $3.81 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, August 14th. WEC Energy Group’s dividend payout ratio is presently 73.84%.
WEC Energy Group Company Profile
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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