WEC Energy Group (NYSE:WEC) Price Target Increased to $96.00 by Analysts at KeyCorp

WEC Energy Group (NYSE:WEC - Get Free Report) had its price target upped by equities research analysts at KeyCorp from $95.00 to $96.00 in a report released on Friday, Benzinga reports. The brokerage presently has an "overweight" rating on the utilities provider's stock. KeyCorp's price objective indicates a potential upside of 17.70% from the company's previous close.

A number of other analysts have also commented on the stock. StockNews.com lowered shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Saturday, January 13th. Royal Bank of Canada dropped their price target on shares of WEC Energy Group from $95.00 to $90.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 8th. JPMorgan Chase & Co. lowered shares of WEC Energy Group from a "neutral" rating to an "underweight" rating and dropped their price target for the stock from $90.00 to $84.00 in a research report on Friday, February 2nd. Wells Fargo & Company dropped their price target on shares of WEC Energy Group from $93.00 to $91.00 and set an "overweight" rating on the stock in a research report on Friday, February 2nd. Finally, Barclays dropped their price target on shares of WEC Energy Group from $79.00 to $75.00 and set an "underweight" rating on the stock in a research report on Thursday, February 8th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $86.38.

WEC Energy Group Stock Up 1.4 %

Shares of WEC stock traded up $1.12 during trading on Friday, reaching $81.56. The company's stock had a trading volume of 2,105,556 shares, compared to its average volume of 2,147,364. The business has a fifty day moving average price of $79.78 and a 200-day moving average price of $81.34. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.29. The company has a market cap of $25.73 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 2.77 and a beta of 0.40. WEC Energy Group has a one year low of $75.13 and a one year high of $98.80.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The utilities provider reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.08 by $0.02. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.82 billion. WEC Energy Group had a net margin of 14.98% and a return on equity of 12.17%. The firm's revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Analysts anticipate that WEC Energy Group will post 4.88 earnings per share for the current year.

Insider Activity

In related news, CEO Scott J. Lauber sold 2,830 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $78.89, for a total value of $223,258.70. Following the transaction, the chief executive officer now directly owns 43,125 shares in the company, valued at $3,402,131.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Scott J. Lauber sold 2,830 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $78.89, for a total value of $223,258.70. Following the transaction, the chief executive officer now directly owns 43,125 shares in the company, valued at $3,402,131.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Gale E. Klappa sold 37,180 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $78.69, for a total transaction of $2,925,694.20. Following the completion of the transaction, the chairman now owns 274,782 shares in the company, valued at $21,622,595.58. The disclosure for this sale can be found here. Insiders own 0.34% of the company's stock.

Institutional Investors Weigh In On WEC Energy Group

A number of large investors have recently bought and sold shares of WEC. Northwest Bank & Trust Co acquired a new stake in WEC Energy Group during the fourth quarter worth about $25,000. Opal Wealth Advisors LLC bought a new position in shares of WEC Energy Group in the first quarter worth about $25,000. Tennessee Valley Asset Management Partners bought a new position in WEC Energy Group in the 4th quarter valued at approximately $26,000. Achmea Investment Management B.V. bought a new position in WEC Energy Group in the 1st quarter valued at approximately $27,000. Finally, Valued Wealth Advisors LLC bought a new position in WEC Energy Group in the 4th quarter valued at approximately $28,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Company Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.