WEC Energy Group (NYSE:WEC) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded WEC Energy Group from “sell” to “hold,” while the broader analyst consensus remains “Moderate Buy” with a target price of $121.91.
• WEC shares opened at $105.79, near their 52-week low, and were trading down 0.9%; the company trades at a P/E ratio of 20.50.
• WEC beat quarterly earnings expectations, reporting $0.91 in EPS versus the $0.80 consensus, while revenue rose 2.6% year over year to $2.06 billion.

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

Several other research analysts also recently commented on the company. LADENBURG THALM/SH SH downgraded WEC Energy Group from a "buy" rating to a "neutral" rating and set a $110.50 target price on the stock. in a report on Tuesday, August 4th. Truist Financial decreased their price target 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. KeyCorp lowered their price objective on WEC Energy Group from $126.00 to $117.00 and set an "overweight" rating for the company in a research report on Thursday, July 23rd. BMO Capital Markets reduced their target price on 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. Finally, Weiss Ratings downgraded shares of WEC Energy Group from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, WEC Energy Group has an average rating of "Moderate Buy" and a consensus target price of $121.91.

WEC Energy Group Trading Down 0.9%

WEC opened at $105.79 on Friday. WEC Energy Group has a fifty-two week low of $102.95 and a fifty-two week high of $119.91. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.53 and a quick ratio of 0.39. The firm has a market capitalization of $34.47 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 2.19 and a beta of 0.47. The company's 50 day moving average price is $111.27 and its two-hundred day moving average price is $113.28.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the firm earned $0.76 earnings per share. The company's revenue for the quarter was up 2.6% on a year-over-year basis. 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 5.59 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Ulice Payne, Jr. sold 980 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total value of $103,468.40. Following the completion of the sale, the director directly owned 19,588 shares of the company's stock, valued at approximately $2,068,101.04. This represents a 4.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.46% of the company's stock.

Institutional Investors Weigh In On WEC Energy Group

Hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System grew its position in shares of WEC Energy Group by 11,738.1% during the 2nd quarter. California State Teachers Retirement System now owns 44,289,343 shares of the utilities provider's stock valued at $5,171,667,000 after acquiring an additional 43,915,218 shares during the period. Geode Capital Management LLC raised its stake in shares of WEC Energy Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 8,838,003 shares of the utilities provider's stock valued at $928,653,000 after buying an additional 88,557 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of WEC Energy Group by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,336,861 shares of the utilities provider's stock valued at $562,826,000 after buying an additional 52,467 shares during the last quarter. Northern Trust Corp grew its stake in shares of WEC Energy Group by 1.4% during the 4th quarter. Northern Trust Corp now owns 3,641,145 shares of the utilities provider's stock worth $383,995,000 after acquiring an additional 48,903 shares during the period. Finally, Franklin Resources Inc. increased its holdings in WEC Energy Group by 175.0% in the 4th 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. 77.20% of the stock is currently owned by 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