Wall Street Zen Upgrades WEC Energy Group (NYSE:WEC) to "Hold"

Key Points

• Wall Street Zen upgraded WEC Energy Group from “sell” to “hold,” while the broader analyst consensus remains “Moderate Buy,” with an average price target of $121.91.
• WEC shares opened at $106.15, near the lower end of their 12-month range. The company recently reported quarterly EPS of $0.91, beating estimates of $0.80, although revenue of $2.06 billion came in below expectations.
• Director Ulice Payne Jr. sold 980 shares valued at about $103,468, while institutional investors own approximately 77.2% of WEC’s outstanding stock.

WEC Energy Group (NYSE:WEC - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

Several other analysts have also issued reports on WEC. LADENBURG THALM/SH SH lowered shares of WEC Energy Group from a "buy" rating to a "neutral" rating and set a $110.50 target price for the company. in a research note on Tuesday, August 4th. Truist Financial cut their price target on shares of WEC Energy Group from $122.00 to $114.00 and set a "hold" rating on the stock in a report on Thursday, August 13th. JPMorgan Chase & Co. upped their price objective on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a "neutral" rating in a research report on Thursday, July 16th. BMO Capital Markets decreased their price objective on shares of WEC Energy Group from $120.00 to $117.00 and set a "market perform" rating for the company in a research note on Wednesday, July 22nd. Finally, KeyCorp dropped 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. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $121.91.

WEC Energy Group Stock Down 0.1%

Shares of NYSE:WEC opened at $106.15 on Friday. The stock has a market cap of $34.59 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 1.84 and a beta of 0.47. 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 12-month low of $102.95 and a 12-month high of $119.91. The business's 50 day moving average is $112.23 and its 200 day moving average is $113.54.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.11. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the firm posted $0.76 EPS. WEC Energy Group's quarterly revenue was up 2.6% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, sell-side 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 related news, Director Ulice Payne, Jr. sold 980 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was 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 in the company, valued at approximately $2,068,101.04. The trade was a 4.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company's stock.

Institutional Trading of WEC Energy Group

Institutional investors have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. grew its stake in WEC Energy Group by 972.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider's stock valued at $28,000 after buying an additional 214 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new stake in shares of WEC Energy Group during the fourth quarter worth $25,000. Torren Management LLC bought a new position in shares of WEC Energy Group in the fourth quarter worth $26,000. Physician Wealth Advisors Inc. boosted its holdings in shares of WEC Energy Group by 113.9% in 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 period. Finally, Osterweis Capital Management Inc. purchased a new position in shares of WEC Energy Group in the second quarter valued at $27,000. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source