Wall Street Zen Upgrades WEC Energy Group (NYSE:WEC) to Hold

WEC Energy Group (NYSE:WEC) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Tuesday, Wall Street Zen reports.

A number of other equities analysts also recently issued reports on 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 price target for the company. in a research note on Tuesday, August 4th. Weiss Ratings raised WEC Energy Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 8th. BMO Capital Markets reduced their target price on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. JPMorgan Chase & Co. increased their target price on WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Finally, Truist Financial lowered their target price on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, WEC Energy Group has an average rating of “Moderate Buy” and a consensus price target of $121.91.

WEC Energy Group Stock Performance

Shares of WEC stock opened at $101.20 on Tuesday. The stock has a fifty day moving average of $108.15 and a 200 day moving average of $112.24. WEC Energy Group has a 52 week low of $101.00 and a 52 week high of $119.91. The firm has a market capitalization of $32.98 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 2.12 and a beta of 0.47. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the firm earned $0.76 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, research analysts expect that WEC Energy Group will post 5.59 earnings per share for the current year.

Insider Activity

In related news, Director Ulice Payne, Jr. sold 980 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total value of $103,468.40. Following the transaction, the director owned 19,588 shares in the company, valued at $2,068,101.04. The trade was a 4.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Institutional Trading of WEC Energy Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Legal & General Group Plc bought a new position in shares of WEC Energy Group in the second quarter worth approximately $299,100,000. Franklin Resources Inc. increased its position in shares of WEC Energy Group by 175.0% during the fourth quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock valued at $354,093,000 after acquiring an additional 2,136,542 shares in the last quarter. Magellan Asset Management Ltd purchased a new position in WEC Energy Group in the 2nd quarter worth approximately $144,582,000. Caisse de depot et placement du Quebec purchased a new position in WEC Energy Group in the 2nd quarter worth approximately $128,290,000. Finally, Energy Income Partners LLC bought a new position in WEC Energy Group in the 2nd quarter valued at approximately $97,564,000. 77.20% of the stock is currently owned by institutional investors.

About WEC Energy Group

WEC Energy Group is a diversified energy holding company headquartered in Milwaukee, Wisconsin. Through its utility subsidiaries, the company generates and distributes electricity and delivers natural gas to residential, commercial, and industrial customers.

WEC Energy Group serves customers primarily in Wisconsin, Illinois, Michigan, and Minnesota. Its operating companies include We Energies, Wisconsin Public Service, Upper Michigan Energy Resources, Minnesota Energy Resources, Michigan Gas Utilities, North Shore Gas, and Peoples Gas.