WEC Energy Group (NYSE:WEC) Lowered to Sell Rating by Wall Street Zen

WEC Energy Group (NYSE:WEC) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Sunday.

Several other research analysts have also commented on WEC. Wells Fargo & Company reiterated an “overweight” rating and set a $127.00 price objective on shares of WEC Energy Group in a research note on Tuesday, April 21st. JPMorgan Chase & Co. lowered their target price on shares of WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Barclays raised their target price on shares of WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. KeyCorp raised their target price on shares of WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Finally, Jefferies Financial Group lowered their price objective on WEC Energy Group from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $122.13.

WEC Energy Group Stock Up 1.0%

WEC Energy Group stock opened at $113.28 on Friday. The business has a fifty day moving average of $114.64 and a two-hundred day moving average of $111.63. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 1.36. The firm has a market cap of $36.90 billion, a P/E ratio of 22.61, a P/E/G ratio of 2.73 and a beta of 0.50. WEC Energy Group has a twelve month low of $102.49 and a twelve month high of $119.62.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.15. The company had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.32 billion. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.WEC Energy Group’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.27 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, analysts forecast that WEC Energy Group will post 5.59 earnings per share for the current fiscal year.

Insider Transactions at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 1,450 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total transaction of $166,170.00. Following the sale, the director owned 20,541 shares in the company, valued at approximately $2,353,998.60. The trade was a 6.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel Krueger sold 4,665 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total value of $517,628.40. Following the sale, the executive vice president owned 7,346 shares in the company, valued at $815,112.16. The trade was a 38.84% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.46% of the stock is currently owned by 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 the company. Summitry LLC purchased a new position in WEC Energy Group in the 1st quarter worth $219,000. WNY Asset Management LLC purchased a new position in WEC Energy Group in the 1st quarter worth $1,001,000. Segall Bryant & Hamill LLC purchased a new position in WEC Energy Group in the 1st quarter worth $10,560,000. Argent Capital Management LLC purchased a new position in WEC Energy Group in the 1st quarter worth $17,979,000. Finally, BankChampaign National Association purchased a new position in WEC Energy Group in the 1st quarter worth $334,000. Hedge funds and other institutional investors 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.