WEC Energy Group (NYSE:WEC) Price Target Raised to $126.00

WEC Energy Group (NYSE:WEC) had its target price hoisted by analysts at KeyCorp from $117.00 to $126.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price target points to a potential upside of 8.45% from the stock’s previous close.

A number of other research firms also recently issued reports on WEC. Jefferies Financial Group decreased their price target on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating for the company in a research note on Wednesday, January 28th. JPMorgan Chase & Co. raised their target price on WEC Energy Group from $113.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. UBS Group decreased their price objective on WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Bank of America set a $116.00 target price on shares of WEC Energy Group in a report on Wednesday, December 31st. Finally, Barclays boosted their price objective on shares of WEC Energy Group from $105.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, WEC Energy Group currently has a consensus rating of “Moderate Buy” and an average price target of $120.67.

WEC Energy Group Price Performance

Shares of WEC stock opened at $116.18 on Wednesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.59. WEC Energy Group has a fifty-two week low of $100.61 and a fifty-two week high of $118.18. The firm has a market cap of $37.82 billion, a P/E ratio of 24.05, a P/E/G ratio of 2.80 and a beta of 0.58. The business’s 50 day moving average price is $110.31 and its 200-day moving average price is $110.38.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the firm posted $1.43 earnings per share. The firm’s revenue was down 8.8% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities research analysts anticipate that WEC Energy Group will post 5.23 earnings per share for the current year.

Insider Buying and Selling

In other WEC Energy Group news, VP Mary Beth Straka sold 2,815 shares of WEC Energy Group stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $115.50, for a total value of $325,132.50. Following the sale, the vice president owned 4,707 shares of the company’s stock, valued at approximately $543,658.50. The trade was a 37.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $115.44, for a total value of $2,886,000.00. Following the completion of the sale, the director directly owned 276,600 shares of the company’s stock, valued at $31,930,704. This represents a 8.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 42,354 shares of company stock valued at $4,855,505. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On WEC Energy Group

A number of hedge funds have recently modified their holdings of WEC. CVA Family Office LLC raised its holdings in shares of WEC Energy Group by 25.4% during the third quarter. CVA Family Office LLC now owns 440 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 89 shares in the last quarter. Blossom Wealth Management raised its stake in shares of WEC Energy Group by 1.4% during the 3rd quarter. Blossom Wealth Management now owns 6,439 shares of the utilities provider’s stock worth $738,000 after purchasing an additional 90 shares in the last quarter. Inscription Capital LLC lifted its holdings in shares of WEC Energy Group by 4.7% during the 4th quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider’s stock valued at $215,000 after buying an additional 91 shares during the last quarter. Moors & Cabot Inc. grew its stake in shares of WEC Energy Group by 1.7% in the 3rd quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock valued at $632,000 after buying an additional 93 shares in the last quarter. Finally, MTM Investment Management LLC grew its stake in shares of WEC Energy Group by 3.6% in the 2nd quarter. MTM Investment Management LLC now owns 2,720 shares of the utilities provider’s stock valued at $283,000 after buying an additional 95 shares in the last quarter. 77.20% of the stock is 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.