WEC Energy Group (NYSE:WEC) Now Covered by HSBC

HSBC assumed coverage on shares of WEC Energy Group (NYSE:WEC) in a research report issued on Thursday, Marketbeat.com reports. The firm set a “hold” rating and a $106.50 price target on the utilities provider’s stock. HSBC’s price objective points to a potential downside of 1.83% from the company’s current price.

Several other equities analysts have also commented on WEC. Stephens set a $109.00 price objective on shares of WEC Energy Group in a research report on Friday, October 16th. JPMorgan Chase & Co. boosted their target price on shares of WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Wall Street Zen raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 22nd. Weiss Ratings downgraded WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. Finally, BTIG Research set a $127.00 price objective on WEC Energy Group in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $117.88.

WEC Energy Group Stock Down 0.2%

Shares of WEC opened at $108.49 on Thursday. WEC Energy Group has a 1 year low of $99.80 and a 1 year high of $119.91. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.53 and a quick ratio of 0.39. The business’s 50 day simple moving average is $105.42 and its 200-day simple moving average is $110.69. The stock has a market capitalization of $35.35 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 2.24 and a beta of 0.45.

WEC Energy Group (NYSE:WEC) last released its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the business earned $0.76 EPS. The business’s revenue 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. As a group, equities analysts expect that WEC Energy Group will post 5.60 earnings per share for the current fiscal year.

Insider Buying and Selling

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the business’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 directly owned 19,588 shares in the company, valued at $2,068,101.04. The trade was a 4.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.46% of the stock is owned by company insiders.

Institutional Trading of WEC Energy Group

Institutional investors have recently made changes to their positions in the company. Physician Wealth Advisors Inc. increased its stake in WEC Energy Group by 113.9% during the first quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 131 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of WEC Energy Group by 972.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 214 shares during the period. Compass Financial Management LLC acquired a new stake in shares of WEC Energy Group during the 2nd quarter worth about $29,000. Paladin Partners LLC acquired a new stake in shares of WEC Energy Group during the 2nd quarter worth about $34,000. Finally, Addison Advisors LLC purchased a new stake in WEC Energy Group in the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

About WEC Energy Group

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.