Shares of WEC Energy Group Inc (NYSE:WEC) have earned a consensus rating of “Hold” from the fourteen analysts that are currently covering the stock, MarketBeat reports. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $68.78.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of WEC Energy Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Scotia Howard Weill assumed coverage on shares of WEC Energy Group in a research note on Tuesday, September 4th. They issued a “sector outperform” rating and a $72.00 target price on the stock. Howard Weil assumed coverage on shares of WEC Energy Group in a research note on Tuesday, September 4th. They issued a “sector outperform” rating and a $72.00 target price on the stock. ValuEngine raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research note on Wednesday, June 20th. Finally, Citigroup increased their target price on shares of WEC Energy Group from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Tuesday, July 10th.

WEC Energy Group stock traded up $0.09 during mid-day trading on Friday, reaching $67.24. 3,367,021 shares of the company’s stock traded hands, compared to its average volume of 1,439,162. The company has a market cap of $21.22 billion and a price-to-earnings ratio of 20.07. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 0.95. WEC Energy Group has a 12-month low of $58.48 and a 12-month high of $70.09.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Tuesday, July 31st. The utilities provider reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.06. WEC Energy Group had a net margin of 16.56% and a return on equity of 11.18%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the firm posted $0.63 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. equities research analysts anticipate that WEC Energy Group will post 3.32 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Investors of record on Tuesday, August 14th were paid a $0.5525 dividend. This represents a $2.21 annualized dividend and a yield of 3.29%. The ex-dividend date was Monday, August 13th. WEC Energy Group’s dividend payout ratio is presently 70.38%.

In related news, insider Frederick D. Kuester sold 168,790 shares of the firm’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $66.94, for a total value of $11,298,802.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Barbara L. Bowles sold 2,500 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $66.45, for a total transaction of $166,125.00. The disclosure for this sale can be found here. Company insiders own 0.97% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. St. Johns Investment Management Company LLC increased its stake in WEC Energy Group by 100.0% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 1,600 shares of the utilities provider’s stock worth $102,000 after buying an additional 800 shares during the period. Braun Bostich & Associates Inc. increased its stake in WEC Energy Group by 1,300.0% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,764 shares of the utilities provider’s stock worth $114,000 after buying an additional 1,638 shares during the period. Centaurus Financial Inc. purchased a new position in WEC Energy Group in the 2nd quarter worth about $141,000. Well Done LLC purchased a new position in WEC Energy Group in the 1st quarter worth about $144,000. Finally, Financial Gravity Wealth Inc. purchased a new position in WEC Energy Group in the 1st quarter worth about $153,000. 73.37% of the stock is currently owned by institutional investors.

About WEC Energy Group

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.

See Also: Return on Equity (ROE)

Analyst Recommendations for WEC Energy Group (NYSE:WEC)

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