WEC Energy Group, Inc. (NYSE:WEC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of WEC Energy Group, Inc. (NYSE:WEC) have been assigned an average rating of “Moderate Buy” from the eighteen analysts that are presently covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $123.60.

A number of research firms have recently weighed in on WEC. Weiss Ratings restated a “buy (b)” rating on shares of WEC Energy Group in a report on Friday, June 26th. Wall Street Zen cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. JPMorgan Chase & Co. lowered their target price on shares of WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Barclays raised their target price on WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $127.00 price target on shares of WEC Energy Group in a research note on Tuesday, April 21st.

WEC Energy Group Trading Up 0.1%

NYSE:WEC opened at $115.09 on Monday. The stock’s 50 day moving average price is $113.64 and its 200 day moving average price is $112.96. WEC Energy Group has a 52 week low of $102.95 and a 52 week high of $119.91. The company has a market capitalization of $37.49 billion, a P/E ratio of 22.97, a P/E/G ratio of 2.76 and a beta of 0.47. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.15. The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.32 billion. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.27 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, research analysts forecast that WEC Energy Group will post 5.59 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Thursday, May 14th were issued a $0.9525 dividend. This represents a $3.81 annualized dividend and a yield of 3.3%. The ex-dividend date was Thursday, May 14th. WEC Energy Group’s payout ratio is 76.05%.

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of the sale, the executive vice president owned 7,346 shares of the company’s stock, valued at $815,112.16. This represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is owned by insiders.

Institutional Trading of WEC Energy Group

Institutional investors and hedge funds have recently modified their holdings of the company. Godfrey Financial Associates Inc. bought a new position in WEC Energy Group in the 4th quarter worth $25,000. Torren Management LLC bought a new stake in WEC Energy Group during the fourth quarter valued at about $26,000. Osterweis Capital Management Inc. bought a new stake in WEC Energy Group during the second quarter valued at about $27,000. Physician Wealth Advisors Inc. grew its position in shares of WEC Energy Group by 113.9% in the first quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 131 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of WEC Energy Group by 972.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 214 shares during the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Company Profile

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.