WEC Energy Group, Inc. (NYSE:WEC) Receives $123.60 Average PT from Brokerages

Shares of WEC Energy Group, Inc. (NYSE:WEC) have been assigned a consensus rating of “Moderate Buy” from the eighteen analysts that are presently covering the stock, MarketBeat.com reports. Nine analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $123.60.

A number of equities research analysts have commented on the company. Mizuho set a $124.00 price target on WEC Energy Group in a report on Wednesday, May 6th. Truist Financial cut their target price on WEC Energy Group from $124.00 to $119.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. JPMorgan Chase & Co. lowered their price target on WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Finally, Barclays upped their price target on WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th.

WEC Energy Group Price Performance

Shares of WEC traded up $0.20 during mid-day trading on Monday, reaching $115.09. The stock had a trading volume of 1,588,741 shares, compared to its average volume of 2,060,571. The business has a fifty day moving average of $113.64 and a 200 day moving average of $112.90. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68. The firm has a market cap of $37.49 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 2.76 and a beta of 0.47. WEC Energy Group has a 12 month low of $102.95 and a 12 month high of $119.91.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, beating the consensus estimate of $2.30 by $0.15. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period last year, the firm earned $2.27 EPS. The company’s revenue was up 9.0% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities analysts predict that WEC Energy Group will post 5.59 EPS for the current year.

WEC Energy Group Dividend Announcement

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

Insider Buying and Selling at WEC Energy Group

In related news, EVP Daniel Krueger sold 4,665 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WEC. Godfrey Financial Associates Inc. bought a new stake in shares of WEC Energy Group in the fourth quarter worth about $25,000. Torren Management LLC bought a new position in WEC Energy Group during the fourth quarter valued at approximately $26,000. Osterweis Capital Management Inc. purchased a new position in WEC Energy Group during the 2nd quarter valued at approximately $27,000. Physician Wealth Advisors Inc. grew its holdings in WEC Energy Group by 113.9% during the 1st quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock valued at $28,000 after buying an additional 131 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in WEC Energy Group by 972.7% in the 1st 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 last quarter. 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.