WEC Energy Group (NYSE:WEC) Upgraded 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 note published on Saturday,Wall Street Zen reports.

A number of other research analysts have also weighed in on WEC. JPMorgan Chase & Co. upped their price objective on WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. LADENBURG THALM/SH SH downgraded WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 target price for the company. in a report on Tuesday, August 4th. KeyCorp decreased their target price on shares of 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. Mizuho set a $124.00 price target on shares of WEC Energy Group in a report on Wednesday, May 6th. Finally, Truist Financial reduced their price objective on shares of 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 research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, WEC Energy Group presently has an average rating of “Moderate Buy” and an average target price of $121.91.

WEC Energy Group Stock Up 0.1%

Shares of NYSE:WEC opened at $106.36 on Friday. The company has a market cap of $34.66 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 1.84 and a beta of 0.47. The firm’s 50-day simple moving average is $112.10 and its 200-day simple moving average is $113.51. 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 has a fifty-two week low of $102.95 and a fifty-two week high of $119.91.

WEC Energy Group (NYSE:WEC) last posted its quarterly 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. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.11 billion. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities research analysts predict that WEC Energy Group will post 5.59 earnings per share for the current year.

WEC Energy Group Announces Dividend

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

Insider Activity at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 980 shares of the 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 approximately $2,068,101.04. This represents a 4.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On WEC Energy Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WEC. Pure Financial Advisors LLC grew its position 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 valued at $245,000 after purchasing an additional 86 shares during the last quarter. Moors & Cabot Inc. raised its position in shares of WEC Energy Group by 1.7% during the 3rd quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock worth $632,000 after purchasing an additional 93 shares during the last quarter. State of Wyoming lifted its stake in WEC Energy Group by 5.7% in the 2nd quarter. State of Wyoming now owns 1,762 shares of the utilities provider’s stock valued at $184,000 after buying an additional 95 shares in the last quarter. Community Bank & Trust Waco Texas lifted its stake in WEC Energy Group by 5.1% in the 4th quarter. Community Bank & Trust Waco Texas now owns 1,964 shares of the utilities provider’s stock valued at $207,000 after buying an additional 96 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC grew its holdings in WEC Energy Group by 1.4% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 6,808 shares of the utilities provider’s stock valued at $718,000 after buying an additional 96 shares during the last quarter. Institutional investors and hedge funds 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.