Analysts Set WEC Energy Group, Inc. (NYSE:WEC) PT at $120.07

WEC Energy Group, Inc. (NYSE:WEC) has received a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $120.6667.

A number of equities analysts have issued reports on the company. BMO Capital Markets reaffirmed a “market perform” rating and issued a $121.00 target price on shares of WEC Energy Group in a research report on Friday, February 6th. 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 report on Wednesday, January 28th. Bank of America set a $116.00 price target on shares of WEC Energy Group in a research note on Wednesday, December 31st. Mizuho upped their price target on shares of WEC Energy Group from $117.00 to $121.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Finally, KeyCorp increased their price objective on shares of WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th.

Insider Activity at WEC Energy Group

In other news, VP Mary Beth Straka sold 2,815 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $115.50, for a total transaction of $325,132.50. Following the transaction, the vice president owned 4,707 shares of the company’s stock, valued at approximately $543,658.50. This trade represents a 37.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gale E. Klappa sold 5,000 shares of WEC Energy Group stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $116.55, for a total value of $582,750.00. Following the completion of the transaction, the director owned 276,600 shares of the company’s stock, valued at $32,237,730. This trade represents a 1.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 42,354 shares of company stock worth $4,855,505. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Empowered Funds LLC raised its position in shares of WEC Energy Group by 16.9% during the 1st quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock valued at $1,820,000 after acquiring an additional 2,417 shares in the last quarter. Woodline Partners LP increased its stake in WEC Energy Group by 41.3% during the first quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider’s stock valued at $2,925,000 after purchasing an additional 7,841 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in shares of WEC Energy Group by 8.5% during the second quarter. Arkadios Wealth Advisors now owns 9,644 shares of the utilities provider’s stock worth $1,005,000 after purchasing an additional 753 shares during the period. Simon Quick Advisors LLC bought a new position in shares of WEC Energy Group in the 2nd quarter worth about $223,000. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of WEC Energy Group by 19.4% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,070 shares of the utilities provider’s stock worth $111,000 after buying an additional 174 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Down 0.2%

Shares of WEC Energy Group stock opened at $115.56 on Tuesday. WEC Energy Group has a 1-year low of $100.61 and a 1-year high of $118.18. The company has a market capitalization of $37.62 billion, a PE ratio of 23.92, a P/E/G ratio of 2.78 and a beta of 0.58. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.44. The business has a 50-day moving average of $111.17 and a 200-day moving average of $110.62.

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

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.