WEC Energy Group, Inc. (NYSE:WEC) Receives $122.13 Average PT from Brokerages

Shares of WEC Energy Group, Inc. (NYSE:WEC) have received a consensus recommendation of “Hold” from the nineteen research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $122.1250.

WEC has been the subject of several recent research reports. KeyCorp lifted their price target on WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. JPMorgan Chase & Co. dropped their price target on WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Wells Fargo & Company reissued an “overweight” rating and set a $127.00 price target on shares of WEC Energy Group in a research report on Tuesday, April 21st. Truist Financial cut their price target on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Finally, Barclays upped 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.

WEC Energy Group Trading Down 1.9%

Shares of WEC opened at $112.46 on Thursday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54. WEC Energy Group has a 1-year low of $102.49 and a 1-year high of $119.62. The firm’s 50 day simple moving average is $113.54 and its 200 day simple moving average is $111.73. The company has a market capitalization of $36.63 billion, a P/E ratio of 22.45, a P/E/G ratio of 2.76 and a beta of 0.47.

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

WEC Energy Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Thursday, May 14th were given a dividend of $0.9525 per share. This represents a $3.81 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, May 14th. WEC Energy Group’s dividend payout ratio is presently 76.05%.

Insider Activity

In other news, EVP Daniel Krueger sold 4,665 shares of WEC Energy Group stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total value of $517,628.40. Following the completion of the sale, the executive vice president directly owned 7,346 shares of the company’s stock, valued at approximately $815,112.16. This trade represents a 38.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Pure Financial Advisors LLC grew its position in WEC Energy Group by 3.9% in the 4th quarter. Pure Financial Advisors LLC now owns 2,319 shares of the utilities provider’s stock worth $245,000 after purchasing an additional 86 shares in the last quarter. Inscription Capital LLC lifted its holdings in WEC Energy Group by 4.7% during the fourth quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider’s stock valued at $215,000 after purchasing an additional 91 shares in the last quarter. Moors & Cabot Inc. raised its stake in WEC Energy Group by 1.7% during the third quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock valued at $632,000 after purchasing an additional 93 shares in the last quarter. Matrix Trust Co grew its holdings in WEC Energy Group by 0.7% during the 4th quarter. Matrix Trust Co now owns 14,300 shares of the utilities provider’s stock worth $1,508,000 after acquiring an additional 95 shares in the last quarter. Finally, State of Wyoming raised its position in WEC Energy Group by 5.7% during the 2nd quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock worth $184,000 after buying an additional 95 shares during the last quarter. 77.20% of the stock is owned by institutional investors.

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.