WEC Energy Group (NYSE:WEC) Now Covered by Analysts at TD Cowen

Key Points

• Analysts at TD Cowen have initiated coverage on WEC Energy Group with a "hold" rating and a price target of $125.00, indicating a potential upside of 6.58% from its previous close.
• KeyCorp and UBS Group have recently adjusted their price targets for WEC Energy Group, with KeyCorp promoting it to an "overweight" rating at $123.00 and UBS maintaining a "neutral" rating at $122.00.
• WEC Energy Group has a current consensus rating of "Hold" with an average price target of $114.64, and the stock has recently experienced a trading uptick of 0.7%.

Research analysts at TD Cowen assumed coverage on shares of WEC Energy Group (NYSE:WEC - Get Free Report) in a report released on Thursday, MarketBeat Ratings reports. The firm set a "hold" rating and a $125.00 price target on the utilities provider's stock. TD Cowen's price objective would suggest a potential upside of 6.58% from the stock's previous close.

A number of other research firms also recently weighed in on WEC. KeyCorp raised their price target on WEC Energy Group from $110.00 to $123.00 and gave the company an "overweight" rating in a research report on Wednesday. UBS Group raised their price target on WEC Energy Group from $117.00 to $122.00 and gave the company a "neutral" rating in a research report on Friday, October 10th. LADENBURG THALM/SH SH upgraded WEC Energy Group from a "neutral" rating to a "buy" rating in a research report on Monday. Citigroup initiated coverage on WEC Energy Group in a research report on Friday, October 3rd. They set a "buy" rating and a $131.00 price target on the stock. Finally, Cowen initiated coverage on WEC Energy Group in a research report on Wednesday. They set a "hold" rating on the stock. Six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, WEC Energy Group presently has a consensus rating of "Hold" and an average price target of $114.64.

WEC Energy Group Trading Up 0.7%

Shares of WEC stock opened at $117.28 on Thursday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.40 and a current ratio of 0.55. WEC Energy Group has a 52-week low of $91.94 and a 52-week high of $117.48. The company has a market capitalization of $37.75 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 3.28 and a beta of 0.47. The business's fifty day moving average is $110.30 and its 200 day moving average is $107.86.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its quarterly earnings data on Tuesday, September 2nd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter. WEC Energy Group had a return on equity of 12.90% and a net margin of 17.87%.The company had revenue of $2.28 billion for the quarter. On average, equities research analysts anticipate that WEC Energy Group will post 5.23 EPS for the current fiscal year.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, Director Gale E. Klappa sold 5,960 shares of WEC Energy Group stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $110.98, for a total transaction of $661,440.80. Following the sale, the director directly owned 274,969 shares of the company's stock, valued at approximately $30,516,059.62. The trade was a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ulice Payne, Jr. sold 1,620 shares of WEC Energy Group stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $111.00, for a total transaction of $179,820.00. Following the transaction, the director owned 20,360 shares of the company's stock, valued at $2,259,960. The trade was a 7.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,448 shares of company stock worth $7,581,132. Insiders own 0.50% of the company's stock.

Institutional Investors Weigh In On WEC Energy Group

A number of hedge funds have recently modified their holdings of the business. Horizon Investment Services LLC purchased a new stake in WEC Energy Group in the 1st quarter worth $379,000. Los Angeles Capital Management LLC lifted its stake in WEC Energy Group by 2,964.9% in the 1st quarter. Los Angeles Capital Management LLC now owns 108,651 shares of the utilities provider's stock worth $11,841,000 after purchasing an additional 105,106 shares in the last quarter. AustralianSuper Pty Ltd purchased a new stake in WEC Energy Group in the 1st quarter worth $10,333,000. Sowell Financial Services LLC purchased a new stake in WEC Energy Group in the 1st quarter worth $325,000. Finally, CWA Asset Management Group LLC lifted its stake in WEC Energy Group by 5.6% in the 1st quarter. CWA Asset Management Group LLC now owns 2,947 shares of the utilities provider's stock worth $321,000 after purchasing an additional 157 shares in the last quarter. Institutional investors own 77.20% of the company's stock.

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.

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