WEC Energy Group, Inc. (NYSE:WEC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of WEC Energy Group, Inc. (NYSE:WEC) have been given an average recommendation of “Moderate Buy” by the eighteen analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $120.7333.

A number of brokerages have recently commented on WEC. Wells Fargo & Company lowered their price objective on shares of WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $127.00 target price on shares of WEC Energy Group in a research report on Friday, January 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of WEC Energy Group in a research note on Monday, December 29th. UBS Group lowered their price target on WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Finally, Barclays lifted their price target on WEC Energy Group from $110.00 to $111.00 and gave the stock an “equal weight” rating in a research note on Tuesday.

WEC Energy Group Stock Up 0.2%

Shares of NYSE WEC opened at $114.25 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35. The business has a 50-day moving average of $113.59 and a 200-day moving average of $111.31. The firm has a market capitalization of $37.19 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 2.74 and a beta of 0.58. WEC Energy Group has a 12 month low of $100.61 and a 12 month high of $118.53.

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

Insider Transactions at WEC Energy Group

In other WEC Energy Group news, CEO Scott J. Lauber sold 8,089 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $110.70, for a total transaction of $895,452.30. Following the transaction, the chief executive officer directly owned 66,801 shares in the company, valued at $7,394,870.70. This trade represents a 10.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mary Beth Straka sold 2,815 shares of WEC Energy Group stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $115.50, for a total transaction of $325,132.50. Following the transaction, the vice president directly owned 4,707 shares in the company, valued at $543,658.50. This trade represents a 37.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 42,354 shares of company stock worth $4,855,505. 0.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On WEC Energy Group

Several institutional investors and hedge funds have recently made changes to their positions in WEC. Hsbc Holdings PLC boosted its position in WEC Energy Group by 7.8% during the 4th quarter. Hsbc Holdings PLC now owns 579,000 shares of the utilities provider’s stock valued at $61,091,000 after buying an additional 42,083 shares during the period. World Investment Advisors increased its position in shares of WEC Energy Group by 14.9% in the fourth quarter. World Investment Advisors now owns 28,541 shares of the utilities provider’s stock valued at $3,010,000 after acquiring an additional 3,710 shares during the period. Meadowbrook Advisors Group LLC purchased a new position in shares of WEC Energy Group in the fourth quarter valued at about $232,000. Corient Private Wealth LLC raised its stake in shares of WEC Energy Group by 1.0% during the fourth quarter. Corient Private Wealth LLC now owns 218,655 shares of the utilities provider’s stock valued at $23,125,000 after acquiring an additional 2,172 shares during the last quarter. Finally, Bayban bought a new position in shares of WEC Energy Group during the fourth quarter valued at about $428,000. 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.