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

Shares of WEC Energy Group, Inc. (NYSE:WEC - Get Free Report) have earned a consensus recommendation of "Hold" from the ten analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $106.40.

A number of brokerages recently issued reports on WEC. UBS Group set a $107.00 price target on shares of WEC Energy Group and gave the stock a "neutral" rating in a research note on Friday, July 11th. Wall Street Zen cut shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. Finally, The Goldman Sachs Group cut shares of WEC Energy Group from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $106.00 to $100.00 in a research note on Wednesday, June 25th.

Insider Buying and Selling at WEC Energy Group

In other news, VP Anthony Reese sold 4,177 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $110.30, for a total transaction of $460,723.10. Following the transaction, the vice president directly owned 1,757 shares of the company's stock, valued at $193,797.10. This represents a 70.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Scott J. Lauber sold 9,231 shares of the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $110.88, for a total transaction of $1,023,533.28. Following the transaction, the chief executive officer directly owned 56,443 shares in the company, valued at approximately $6,258,399.84. This trade represents a 14.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 68,448 shares of company stock worth $7,581,132. Company insiders own 0.50% of the company's stock.

Institutional Investors Weigh In On WEC Energy Group

Large investors have recently added to or reduced their stakes in the business. Truvestments Capital LLC acquired a new stake in WEC Energy Group in the 1st quarter valued at about $25,000. Nova Wealth Management Inc. purchased a new position in WEC Energy Group in the 1st quarter valued at about $26,000. Bayforest Capital Ltd acquired a new stake in shares of WEC Energy Group during the 2nd quarter worth about $26,000. CoreFirst Bank & Trust acquired a new stake in shares of WEC Energy Group during the 2nd quarter worth about $26,000. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of WEC Energy Group during the 2nd quarter worth about $27,000. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Stock Up 0.7%

Shares of WEC stock traded up $0.80 during trading on Tuesday, reaching $110.52. The company's stock had a trading volume of 1,532,663 shares, compared to its average volume of 1,989,527. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.55 and a quick ratio of 0.40. The company has a market capitalization of $35.57 billion, a price-to-earnings ratio of 21.17, a P/E/G ratio of 3.02 and a beta of 0.44. The stock's 50-day moving average price is $107.92 and its 200 day moving average price is $106.84. WEC Energy Group has a 1-year low of $91.94 and a 1-year high of $111.90.

WEC Energy Group (NYSE:WEC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.05. The firm had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.87 billion. WEC Energy Group had a net margin of 17.87% and a return on equity of 12.90%. The business's quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 earnings per share. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. On average, research analysts anticipate that WEC Energy Group will post 5.23 EPS for the current year.

WEC Energy Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Thursday, August 14th were paid a dividend of $0.8925 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $3.57 dividend on an annualized basis and a dividend yield of 3.2%. WEC Energy Group's dividend payout ratio is 68.39%.

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.