WEC Energy Group (NYSE:WEC) Stock Price Expected to Rise, Barclays Analyst Says

WEC Energy Group (NYSE:WEC) had its price objective raised by equities researchers at Barclays from $110.00 to $111.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s price objective suggests a potential downside of 1.48% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. UBS Group lowered their price target on WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. JPMorgan Chase & Co. lifted their target price on WEC Energy Group from $113.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. BTIG Research reissued a “buy” rating and set a $135.00 target price on shares of WEC Energy Group in a research note on Friday, January 30th. BMO Capital Markets reissued a “market perform” rating and issued a $121.00 target price on shares of WEC Energy Group in a report on Friday, February 6th. Finally, KeyCorp raised their price target 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. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, WEC Energy Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.73.

WEC Energy Group Stock Performance

Shares of NYSE:WEC opened at $112.67 on Tuesday. The company’s 50 day simple moving average is $113.35 and its 200 day simple moving average is $111.24. The stock has a market capitalization of $36.68 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 2.72 and a beta of 0.58. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.44. WEC Energy Group has a 1 year low of $100.61 and a 1 year high of $118.53.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.39 by $0.03. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.19 billion. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The company’s revenue was down 8.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.43 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, research analysts predict that WEC Energy Group will post 5.23 EPS for the current fiscal year.

Insider Buying and Selling at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 1,450 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total value of $166,170.00. Following the completion of the sale, the director directly owned 20,541 shares in the company, valued at $2,353,998.60. This represents a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Mary Beth Straka sold 2,815 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $115.50, for a total value of $325,132.50. Following the transaction, the vice president directly owned 4,707 shares of the company’s stock, valued at approximately $543,658.50. This represents a 37.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 42,354 shares of company stock worth $4,855,505 over the last ninety days. Insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On WEC Energy Group

A number of institutional investors have recently made changes to their positions in WEC. Franklin Resources Inc. raised its position in shares of WEC Energy Group by 175.0% during the fourth quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock worth $354,093,000 after acquiring an additional 2,136,542 shares during the last quarter. Vanguard Group Inc. boosted its holdings in WEC Energy Group by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock valued at $4,334,401,000 after acquiring an additional 819,627 shares during the last quarter. Freestone Grove Partners LP boosted its holdings in WEC Energy Group by 30,697.3% in the third quarter. Freestone Grove Partners LP now owns 620,565 shares of the utilities provider’s stock valued at $71,111,000 after acquiring an additional 618,550 shares during the last quarter. Balyasny Asset Management L.P. increased its position in WEC Energy Group by 324.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 774,679 shares of the utilities provider’s stock valued at $80,722,000 after purchasing an additional 592,028 shares during the period. Finally, Marshall Wace LLP increased its position in WEC Energy Group by 160.6% during the 2nd quarter. Marshall Wace LLP now owns 943,962 shares of the utilities provider’s stock valued at $98,361,000 after purchasing an additional 581,748 shares during the period. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Company Profile

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.