WEC Energy Group (NYSE:WEC) Rating Increased to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded WEC Energy Group from “sell” to “hold,” while broader analyst sentiment remains “Moderate Buy,” with an average price target of $121.91.
• WEC shares opened at $103.48, near their 12-month low of $102.86. The company beat quarterly earnings expectations with EPS of $0.91 versus the $0.80 consensus, although revenue of $2.06 billion fell short of estimates.
• Institutional investors own approximately 77.2% of WEC’s shares; meanwhile, a company director recently sold 980 shares for about $103,468.

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

Several other research firms have also weighed in on WEC. Weiss Ratings raised shares of WEC Energy Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, September 8th. KeyCorp lowered their price target on WEC Energy Group from $126.00 to $117.00 and set an "overweight" rating for the company in a report on Thursday, July 23rd. LADENBURG THALM/SH SH cut 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. Truist Financial lowered their target price on WEC Energy Group from $122.00 to $114.00 and set a "hold" rating for the company in a research note on Thursday, August 13th. Finally, BMO Capital Markets dropped their target price on shares of WEC Energy Group from $120.00 to $117.00 and set a "market perform" rating on the stock in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $121.91.

WEC Energy Group Trading Up 0.3%

Shares of WEC stock opened at $103.48 on Tuesday. The company has a market capitalization of $33.72 billion, a P/E ratio of 20.05, a P/E/G ratio of 2.13 and a beta of 0.47. WEC Energy Group has a 12-month low of $102.86 and a 12-month high of $119.91. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35. The firm has a 50-day moving average price of $108.63 and a 200 day moving average price of $112.44.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The firm had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.11 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. The company'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. Research analysts forecast that WEC Energy Group will post 5.59 earnings per share for the current fiscal year.

Insider Buying and Selling at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 980 shares of WEC Energy Group 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 owned 19,588 shares of the company's stock, valued at approximately $2,068,101.04. The trade was a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is owned by insiders.

Institutional Trading of WEC Energy Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new position in WEC Energy Group in the second quarter valued at about $299,100,000. Franklin Resources Inc. increased its stake in WEC Energy Group by 175.0% in the fourth quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider's stock valued at $354,093,000 after acquiring an additional 2,136,542 shares during the last quarter. Magellan Asset Management Ltd bought a new position in WEC Energy Group in the second quarter valued at approximately $144,582,000. Caisse de depot et placement du Quebec acquired a new stake in shares of WEC Energy Group in the 2nd quarter valued at $128,290,000. Finally, Energy Income Partners LLC acquired a new stake in shares of WEC Energy Group in the 2nd quarter valued at $97,564,000. 77.20% of the stock is owned by institutional investors.

WEC Energy Group Company Profile

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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