Free Trial

WEC Energy Group, Inc. (NYSE:WEC) Given Consensus Rating of "Hold" by Analysts

WEC Energy Group logo with Utilities background

Shares of WEC Energy Group, Inc. (NYSE:WEC - Get Free Report) have earned a consensus recommendation of "Hold" from the ten brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $106.40.

WEC has been the subject of several recent research reports. JPMorgan Chase & Co. raised WEC Energy Group from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $106.00 to $108.00 in a research note on Tuesday, April 8th. UBS Group set a $107.00 price target on WEC Energy Group and gave the stock a "neutral" rating in a report on Friday, July 11th. Wells Fargo & Company lifted their price objective on WEC Energy Group from $115.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Barclays lifted their price target on WEC Energy Group from $99.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 29th. Finally, Scotiabank set a $115.00 target price on WEC Energy Group and gave the company an "outperform" rating in a report on Wednesday, May 7th.

View Our Latest Research Report on WEC Energy Group

Insider Activity at WEC Energy Group

In other news, VP Joshua M. Erickson sold 2,155 shares of WEC Energy Group stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $107.77, for a total value of $232,244.35. Following the completion of the sale, the vice president directly owned 2,686 shares of the company's stock, valued at approximately $289,470.22. This trade represents a 44.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.50% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Truvestments Capital LLC acquired a new stake in shares of WEC Energy Group in the 1st quarter valued at about $25,000. Nova Wealth Management Inc. acquired a new position in WEC Energy Group during the first quarter worth approximately $26,000. Prudent Man Investment Management Inc. bought a new stake in shares of WEC Energy Group during the fourth quarter worth approximately $28,000. Hughes Financial Services LLC bought a new stake in shares of WEC Energy Group in the first quarter valued at approximately $28,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of WEC Energy Group in the first quarter valued at approximately $32,000. 77.20% of the stock is currently owned by institutional investors.

WEC Energy Group Price Performance

NYSE WEC opened at $107.76 on Monday. WEC Energy Group has a 12 month low of $81.45 and a 12 month high of $111.00. The stock has a market cap of $34.39 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 2.96 and a beta of 0.44. The company's 50 day moving average is $105.26 and its two-hundred day moving average is $104.38. The company has a current ratio of 0.50, a quick ratio of 0.40 and a debt-to-equity ratio of 1.23.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $2.27 EPS for the quarter, topping the consensus estimate of $2.18 by $0.09. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $2.81 billion. WEC Energy Group had a net margin of 17.95% and a return on equity of 12.94%. WEC Energy Group's quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.97 earnings per share. As a group, research analysts anticipate that WEC Energy Group will post 5.23 earnings per share for the current year.

WEC Energy Group Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Thursday, August 14th will be issued a dividend of $0.8925 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $3.57 dividend on an annualized basis and a yield of 3.31%. WEC Energy Group's dividend payout ratio is 69.59%.

About WEC Energy Group

(Get Free Report

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.

Featured Articles

Analyst Recommendations for WEC Energy Group (NYSE:WEC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in WEC Energy Group Right Now?

Before you consider WEC Energy Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WEC Energy Group wasn't on the list.

While WEC Energy Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Why Drone Stocks Are Skyrocketing Right Now!
Pelosi Makes Big Bet on Broadcom—Here’s Why It Matters
This Strategy Beat the S&P—And Most Investors Ignore It

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines