WEC Energy Group (NYSE:WEC) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of WEC Energy Group (NYSE:WEC) from a sell rating to a hold rating in a research report released on Sunday morning,Wall Street Zen reports.

Other research analysts also recently issued research reports about the stock. LADENBURG THALM/SH SH downgraded shares of WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 target price on the stock. in a research note on Tuesday, August 4th. JPMorgan Chase & Co. boosted their price objective on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. BMO Capital Markets lowered their price objective on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. KeyCorp dropped their price objective on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Finally, Weiss Ratings cut shares of WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $121.91.

WEC Energy Group Price Performance

WEC stock opened at $105.79 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53. The firm has a 50 day moving average price of $111.27 and a 200-day moving average price of $113.27. WEC Energy Group has a 52-week low of $102.95 and a 52-week high of $119.91. The firm has a market capitalization of $34.47 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 2.19 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share 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 company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the company earned $0.76 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities research analysts forecast that WEC Energy Group will post 5.59 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 14th were given a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Friday, August 14th. WEC Energy Group’s dividend payout ratio is 73.84%.

Insiders Place Their Bets

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total value of $103,468.40. Following the transaction, the director directly owned 19,588 shares of the company’s stock, valued at approximately $2,068,101.04. This trade represents a 4.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On WEC Energy Group

Institutional investors have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. increased its holdings in WEC Energy Group by 972.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock valued at $28,000 after buying an additional 214 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new position in shares of WEC Energy Group during the 4th quarter worth $25,000. Physician Wealth Advisors Inc. grew its position in shares of 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 acquiring an additional 131 shares during the period. Osterweis Capital Management Inc. purchased a new stake in shares of WEC Energy Group in the 2nd quarter worth $27,000. Finally, Compass Financial Management LLC bought a new position in WEC Energy Group in the 2nd quarter worth $29,000. 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.