WEC Energy Group (NYSE:WEC) Cut to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded WEC Energy Group from “Hold” to “Sell.” However, broader analyst sentiment remains more favorable, with a consensus “Moderate Buy” rating and an average price target of $121.91.
• WEC shares opened at $105.36, near their one-year low of $102.95 and below both their 50-day and 200-day moving averages.
• The company beat quarterly earnings expectations with EPS of $0.91 versus the $0.80 consensus, while revenue reached $2.06 billion and increased 2.6% year over year.

WEC Energy Group (NYSE:WEC - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Monday, Wall Street Zen reports.

Several other equities analysts have also commented on the stock. LADENBURG THALM/SH SH lowered shares of WEC Energy Group from a "buy" rating to a "neutral" rating and set a $110.50 price objective on the stock. in a report on Tuesday, August 4th. Weiss Ratings raised WEC Energy Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, September 8th. BMO Capital Markets dropped their target price on WEC Energy Group from $120.00 to $117.00 and set a "market perform" rating for the company in a research report on Wednesday, July 22nd. KeyCorp cut their price target on shares of WEC Energy Group from $126.00 to $117.00 and set an "overweight" rating on the stock in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of WEC Energy Group from $120.00 to $124.00 and gave the company a "neutral" rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $121.91.

WEC Energy Group Stock Performance

WEC Energy Group stock opened at $105.36 on Monday. The firm has a 50 day simple moving average of $110.09 and a 200-day simple moving average of $112.96. The stock has a market cap of $34.33 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 2.17 and a beta of 0.47. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.53 and a quick ratio of 0.39. WEC Energy Group has a 1-year low of $102.95 and a 1-year high of $119.91.

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 the consensus estimate of $0.80 by $0.11. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.11 billion. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The business's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, analysts expect that WEC Energy Group will post 5.59 EPS for the current year.

Insiders Place Their Bets

In related news, Director Ulice Payne, Jr. sold 980 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total transaction of $103,468.40. Following the completion of the sale, the director owned 19,588 shares in the company, valued at $2,068,101.04. The trade was a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is currently owned by insiders.

Institutional Trading of WEC Energy Group

Institutional investors have recently modified their holdings of the stock. Godfrey Financial Associates Inc. acquired a new stake in WEC Energy Group during the 4th quarter worth $25,000. Osterweis Capital Management Inc. purchased a new position in shares of WEC Energy Group during the second quarter worth about $27,000. Physician Wealth Advisors Inc. increased its position in shares of WEC Energy Group by 113.9% during the first quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider's stock worth $28,000 after purchasing an additional 131 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of WEC Energy Group by 972.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider's stock worth $28,000 after purchasing an additional 214 shares in the last quarter. Finally, Compass Financial Management LLC purchased a new stake in shares of WEC Energy Group in the 2nd quarter valued at about $29,000. Hedge funds and other institutional investors own 77.20% of the company's stock.

About WEC Energy Group

WEC Energy Group is a diversified energy holding company headquartered in Milwaukee, Wisconsin. Through its utility subsidiaries, the company generates and distributes electricity and delivers natural gas to residential, commercial, and industrial customers.

WEC Energy Group serves customers primarily in Wisconsin, Illinois, Michigan, and Minnesota. Its operating companies include We Energies, Wisconsin Public Service, Upper Michigan Energy Resources, Minnesota Energy Resources, Michigan Gas Utilities, North Shore Gas, and Peoples Gas.

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