WEC Energy Group (NYSE:WEC – Free Report) had its price target decreased by Barclays from $117.00 to $108.00 in a research note published on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the utilities provider’s stock.
A number of other equities analysts have also recently issued reports on WEC. JPMorgan Chase & Co. increased their price objective on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Truist Financial decreased their target price on WEC Energy Group from $114.00 to $113.00 and set a “hold” rating for the company in a research report on Friday, October 16th. KeyCorp dropped their price target on WEC Energy Group from $117.00 to $111.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. LADENBURG THALM/SH SH downgraded WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price target on the stock. in a research note on Tuesday, August 4th. Finally, Weiss Ratings lowered WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.63.
Read Our Latest Research Report on WEC Energy Group
WEC Energy Group Stock Performance
NYSE:WEC opened at $108.49 on Monday. The company has a fifty day moving average of $105.42 and a 200-day moving average of $110.69. The firm has a market capitalization of $35.35 billion, a P/E ratio of 19.39, a P/E/G ratio of 2.24 and a beta of 0.45. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35. WEC Energy Group has a twelve month low of $99.80 and a twelve month high of $119.91.
WEC Energy Group (NYSE:WEC – Get Free Report) last released its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $2.06 billion for 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%. WEC Energy Group’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, sell-side analysts anticipate that WEC Energy Group will post 5.60 EPS for the current year.
WEC Energy Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be paid a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, November 13th. WEC Energy Group’s dividend payout ratio (DPR) is 73.84%.
Insider Activity
In other news, Director Ulice Payne, Jr. sold 980 shares of WEC Energy Group stock in a transaction dated 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 transaction, the director directly owned 19,588 shares in the company, valued at $2,068,101.04. This trade 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 available through this hyperlink. 0.46% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On WEC Energy Group
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Pure Financial Advisors LLC boosted its stake in WEC Energy Group by 3.9% during the 4th quarter. Pure Financial Advisors LLC now owns 2,319 shares of the utilities provider’s stock valued at $245,000 after purchasing an additional 86 shares during the last quarter. Diversify Advisory Services LLC raised its stake in shares of WEC Energy Group by 2.0% in the third quarter. Diversify Advisory Services LLC now owns 5,076 shares of the utilities provider’s stock worth $538,000 after purchasing an additional 98 shares during the last quarter. Hibernia Wealth Partners LLC raised its stake in shares of WEC Energy Group by 3.3% in the first quarter. Hibernia Wealth Partners LLC now owns 3,367 shares of the utilities provider’s stock worth $390,000 after purchasing an additional 106 shares during the last quarter. Kestra Private Wealth Services LLC raised its stake in shares of WEC Energy Group by 0.3% in the first quarter. Kestra Private Wealth Services LLC now owns 36,196 shares of the utilities provider’s stock worth $4,190,000 after purchasing an additional 112 shares during the last quarter. Finally, Gryphon Financial Partners LLC lifted its holdings in shares of WEC Energy Group by 4.0% in the first quarter. Gryphon Financial Partners LLC now owns 3,056 shares of the utilities provider’s stock valued at $354,000 after purchasing an additional 118 shares in the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.
About WEC Energy Group
WEC Energy Group, Inc is an energy holding company headquartered in Milwaukee, Wisconsin. Through its operating companies, the company generates and delivers electricity and provides natural gas distribution, storage and related energy services to residential, commercial and industrial customers.
WEC Energy’s principal utility businesses include We Energies and Wisconsin Public Service in Wisconsin, Michigan Gas Utilities, Minnesota Energy Resources, Upper Michigan Energy Resources and North Dakota utility operations.
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