WEC Energy Group, Inc. (NYSE:WEC) Receives $123.20 Average PT from Brokerages

WEC Energy Group, Inc. (NYSE:WECGet Free Report) has earned an average rating of “Moderate Buy” from the eighteen brokerages that are currently covering the firm, Marketbeat reports. Ten equities research 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 12 month price objective among brokerages that have covered the stock in the last year is $122.4062.

A number of brokerages have recently issued reports on WEC. KeyCorp cut their price objective 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. Wall Street Zen downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. LADENBURG THALM/SH SH lowered shares of WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price target on the stock. in a report on Tuesday. Wells Fargo & Company reiterated an “overweight” rating and set a $127.00 price objective on shares of WEC Energy Group in a report on Tuesday, April 21st. Finally, Truist Financial raised their price objective on WEC Energy Group from $119.00 to $122.00 and gave the stock a “hold” rating in a research report on Thursday, July 16th.

View Our Latest Research Report on WEC Energy Group

WEC Energy Group Trading Down 0.3%

Shares of NYSE WEC opened at $107.89 on Friday. WEC Energy Group has a 1-year low of $102.95 and a 1-year high of $119.91. The business has a fifty day moving average price of $113.52 and a 200 day moving average price of $113.81. The stock has a market capitalization of $35.15 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 1.87 and a beta of 0.47. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.53 and a quick ratio of 0.39.

WEC Energy Group (NYSE:WECGet Free Report) last announced its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The business 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 firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities research analysts expect that WEC Energy Group will post 5.59 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.9525 per share. The ex-dividend date is Friday, August 14th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.5%. WEC Energy Group’s payout ratio is presently 73.84%.

Insider Activity

In other news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total transaction of $517,628.40. Following the transaction, the executive vice president owned 7,346 shares in the company, valued at $815,112.16. This represents a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.46% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WEC. Godfrey Financial Associates Inc. purchased a new position in shares of WEC Energy Group in the fourth quarter worth $25,000. Torren Management LLC purchased a new stake in shares of WEC Energy Group during the fourth quarter valued at $26,000. Osterweis Capital Management Inc. acquired a new position in shares of WEC Energy Group in the 2nd quarter valued at $27,000. Physician Wealth Advisors Inc. increased its position in shares of WEC Energy Group by 113.9% in the 1st quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 131 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in WEC Energy Group by 972.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 214 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

About WEC Energy Group

(Get Free Report)

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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Analyst Recommendations for WEC Energy Group (NYSE:WEC)

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