WEC Energy Group (NYSE:WEC) Stock Gets Price Target Cut from Barclays

WEC Energy Group (NYSE:WEC) had its target price lowered by stock analysts at Barclays from $117.00 to $108.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s price objective suggests a potential upside of 1.21% from the stock’s current price.

Several other analysts have also recently weighed in on the stock. Weiss Ratings cut shares of WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 25th. JPMorgan Chase & Co. upped 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 reaffirmed a “market perform” rating on shares of WEC Energy Group in a research report on Friday. KeyCorp cut their target price on shares of WEC Energy Group from $117.00 to $111.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Finally, Truist Financial cut their target price on shares of WEC Energy Group from $114.00 to $113.00 and set a “hold” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $119.17.

WEC Energy Group Trading Down 1.8%

NYSE WEC traded down $2.01 on Monday, hitting $106.70. The company’s stock had a trading volume of 1,040,672 shares, compared to its average volume of 2,250,936. The firm has a market cap of $34.77 billion, a P/E ratio of 20.68, a PEG ratio of 2.24 and a beta of 0.45. WEC Energy Group has a 52-week low of $99.80 and a 52-week high of $119.91. The company’s 50-day simple moving average is $105.37 and its 200 day simple moving average is $110.87. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Research analysts predict that WEC Energy Group will post 5.60 EPS for the current fiscal year.

Insider Buying and Selling at WEC Energy Group

In other 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 sale, the director directly owned 19,588 shares of the company’s stock, valued at $2,068,101.04. This represents a 4.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WEC Energy Group

Hedge funds have recently bought and sold shares of the business. Pure Financial Advisors LLC raised its stake in shares of WEC Energy Group by 3.9% in the fourth quarter. Pure Financial Advisors LLC now owns 2,319 shares of the utilities provider’s stock worth $245,000 after purchasing an additional 86 shares during the last quarter. Hibernia Wealth Partners LLC lifted its holdings in shares of WEC Energy Group by 3.3% during the first quarter. Hibernia Wealth Partners LLC now owns 3,367 shares of the utilities provider’s stock valued at $390,000 after purchasing an additional 106 shares in the last quarter. Kestra Private Wealth Services LLC boosted its position in shares of WEC Energy Group by 0.3% during the first quarter. Kestra Private Wealth Services LLC now owns 36,196 shares of the utilities provider’s stock valued at $4,190,000 after buying an additional 112 shares during the last quarter. Gryphon Financial Partners LLC increased its holdings in WEC Energy Group by 4.0% in the 1st quarter. Gryphon Financial Partners LLC now owns 3,056 shares of the utilities provider’s stock worth $354,000 after buying an additional 118 shares in the last quarter. Finally, 1ST Source Bank increased its holdings in WEC Energy Group by 4.0% in the 1st quarter. 1ST Source Bank now owns 3,141 shares of the utilities provider’s stock worth $364,000 after buying an additional 120 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Company Profile

WEC Energy Group, Inc is an energy holding company headquartered in Milwaukee, Wisconsin. Through its operating companies, the company generates and delivers electricity and provides natural gas distribution, storage and related energy services to residential, commercial and industrial customers.

WEC Energy’s principal utility businesses include We Energies and Wisconsin Public Service in Wisconsin, Michigan Gas Utilities, Minnesota Energy Resources, Upper Michigan Energy Resources and North Dakota utility operations.