WEC Energy Group, Inc. (NYSE:WEC) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• WEC Energy Group has an average “Moderate Buy” rating from 18 brokerages, with seven buys, ten holds and one strong buy; the average 12-month price target is approximately $121.91.
• The company reported quarterly EPS of $0.91, exceeding the $0.80 consensus estimate, while revenue rose 2.6% year over year to $2.06 billion but fell short of expectations.
• WEC declared a quarterly dividend of $0.9525, equivalent to $3.81 annually and a 3.7% yield; its shares recently traded near $103.23, close to the one-year low.

WEC Energy Group, Inc. (NYSE:WEC - Get Free Report) has been given an average rating of "Moderate Buy" by the eighteen research firms that are currently covering the firm, MarketBeat.com reports. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $121.9062.

Several research analysts recently weighed in on the company. Weiss Ratings raised WEC Energy Group from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, September 8th. JPMorgan Chase & Co. boosted their target price on WEC Energy Group from $120.00 to $124.00 and gave the stock a "neutral" rating in a report on Thursday, July 16th. LADENBURG THALM/SH SH downgraded 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 report on Tuesday, August 4th. Wall Street Zen lowered shares of WEC Energy Group from a "hold" rating to a "sell" rating in a report on Monday, September 14th. Finally, BMO Capital Markets reduced their price target on shares of WEC Energy Group from $120.00 to $117.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 22nd.

WEC Energy Group Price Performance

Shares of NYSE:WEC opened at $103.23 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53. The business's fifty day moving average price is $108.88 and its two-hundred day moving average price is $112.56. The stock has a market cap of $33.64 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 2.16 and a beta of 0.47. WEC Energy Group has a one year low of $102.86 and a one year high of $119.91.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter last year, the firm earned $0.76 earnings per share. The business's revenue 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. On average, analysts forecast that WEC Energy Group will post 5.59 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were paid a $0.9525 dividend. The ex-dividend date was Friday, August 14th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.7%. WEC Energy Group's dividend payout ratio (DPR) is 73.84%.

Insider Activity at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the company'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 value of $103,468.40. Following the completion of the transaction, the director owned 19,588 shares in the company, valued at $2,068,101.04. This represents a 4.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.46% of the company's stock.

Institutional Trading of WEC Energy Group

Hedge funds have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. boosted its stake in WEC Energy Group by 972.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 214 shares during the last quarter. Godfrey Financial Associates Inc. bought a new stake in shares of WEC Energy Group in the 4th quarter worth approximately $25,000. Physician Wealth Advisors Inc. lifted its holdings 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 valued at $28,000 after purchasing an additional 131 shares during the last quarter. Compass Financial Management LLC purchased a new position in WEC Energy Group during the 2nd quarter worth approximately $29,000. Finally, Silvant Capital Management LLC acquired a new stake in shares of WEC Energy Group during the second quarter worth approximately $34,000. Institutional investors and hedge funds 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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