WEC Energy Group, Inc. (NYSE:WEC) Receives $121.91 Average Price Target from Analysts

WEC Energy Group, Inc. (NYSE:WEC) has been assigned an average rating of “Moderate Buy” from the eighteen research firms that are presently covering the company, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $121.9062.

WEC has been the topic of a number of recent research reports. Wall Street Zen lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. BMO Capital Markets cut their target price on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Weiss Ratings lowered WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. LADENBURG THALM/SH SH cut 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 research report on Tuesday, August 4th. Finally, Mizuho set a $124.00 price objective on shares of WEC Energy Group in a report on Wednesday, May 6th.

WEC Energy Group Trading Down 1.1%

WEC opened at $106.29 on Tuesday. The firm has a market capitalization of $34.64 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 1.86 and a beta of 0.47. The company’s 50 day simple moving average is $112.36 and its two-hundred day simple moving average is $113.59. WEC Energy Group has a 1-year low of $102.95 and a 1-year high of $119.91. 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:WEC) last posted its quarterly 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. 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 period in the prior year, the business earned $0.76 earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. 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 announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a $0.9525 dividend. This represents a $3.81 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, August 14th. WEC Energy Group’s payout ratio is presently 73.84%.

Insiders Place Their Bets

In other news, Director Ulice Payne, Jr. sold 980 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total value of $103,468.40. Following the completion of the sale, the director owned 19,588 shares of the company’s stock, valued at $2,068,101.04. This represents a 4.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.46% of the stock is owned by insiders.

Institutional Trading of WEC Energy Group

Institutional investors have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. grew its position in 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 worth $28,000 after acquiring an additional 214 shares during the period. Godfrey Financial Associates Inc. acquired a new stake in WEC Energy Group during the fourth quarter worth $25,000. Torren Management LLC purchased a new stake in WEC Energy Group in the fourth quarter valued at $26,000. Physician Wealth Advisors Inc. raised its position in 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 period. Finally, Osterweis Capital Management Inc. acquired a new position in shares of WEC Energy Group in the 2nd quarter valued at $27,000. 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.