WEC Energy Group (NYSE:WEC) Receives Buy (B-) Rating from Weiss Ratings

Key Points

• WEC Energy Group received a "buy (B-)" rating from Weiss Ratings, with a consensus rating of "Hold" among analysts.
• The stock price recently increased to $116.41 with a market capitalization of $37.47 billion.
• Insider selling activity included a sale by Director Gale E. Klappa, who sold 5,960 shares, indicating a 2.12% decrease in their position.

WEC Energy Group (NYSE:WEC - Get Free Report)'s stock had its "buy (b-)" rating reiterated by analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Several other research analysts also recently weighed in on WEC. Cowen began coverage on shares of WEC Energy Group in a research report on Wednesday, October 15th. They set a "hold" rating for the company. BTIG Research raised WEC Energy Group to a "strong-buy" rating in a report on Wednesday. Citigroup assumed coverage on WEC Energy Group in a research report on Friday, October 3rd. They issued a "buy" rating and a $131.00 target price on the stock. TD Cowen assumed coverage on WEC Energy Group in a research report on Thursday, October 16th. They set a "hold" rating and a $125.00 price target for the company. Finally, Scotiabank raised their price objective on WEC Energy Group from $115.00 to $129.00 and gave the company an "outperform" rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $118.83.

WEC Energy Group Price Performance

Shares of WEC Energy Group stock traded up $0.50 on Friday, reaching $116.41. The company's stock had a trading volume of 484,986 shares, compared to its average volume of 2,168,666. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $37.47 billion, a P/E ratio of 22.30, a PEG ratio of 3.31 and a beta of 0.47. The stock has a 50-day moving average price of $111.15 and a 200-day moving average price of $108.26. WEC Energy Group has a 52-week low of $91.94 and a 52-week high of $118.18.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its quarterly earnings results on Tuesday, September 2nd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter. The firm had revenue of $2.28 billion for the quarter. WEC Energy Group had a net margin of 17.87% and a return on equity of 12.90%. Analysts expect that WEC Energy Group will post 5.23 EPS for the current year.

Insider Transactions at WEC Energy Group

In related news, Director Gale E. Klappa sold 5,960 shares of WEC Energy Group stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $110.98, for a total value of $661,440.80. Following the completion of the sale, the director owned 274,969 shares in the company, valued at approximately $30,516,059.62. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott J. Lauber sold 9,231 shares of the firm's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $110.88, for a total value of $1,023,533.28. Following the transaction, the chief executive officer owned 56,443 shares of the company's stock, valued at approximately $6,258,399.84. This represents a 14.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,448 shares of company stock worth $7,581,132 in the last 90 days. Insiders own 0.50% of the company's stock.

Institutional Trading of WEC Energy Group

Several hedge funds have recently made changes to their positions in WEC. Associated Banc Corp grew its holdings in shares of WEC Energy Group by 64.0% in the third quarter. Associated Banc Corp now owns 39,328 shares of the utilities provider's stock valued at $4,507,000 after purchasing an additional 15,342 shares in the last quarter. Miller Howard Investments Inc. NY grew its holdings in WEC Energy Group by 4.3% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 16,003 shares of the utilities provider's stock worth $1,834,000 after acquiring an additional 664 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of WEC Energy Group by 1.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 44,799 shares of the utilities provider's stock worth $5,134,000 after purchasing an additional 510 shares during the last quarter. Kesler Norman & Wride LLC lifted its holdings in WEC Energy Group by 19.8% during the 3rd quarter. Kesler Norman & Wride LLC now owns 6,921 shares of the utilities provider's stock worth $793,000 after buying an additional 1,145 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in shares of WEC Energy Group by 33.3% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 36,739 shares of the utilities provider's stock valued at $4,210,000 after acquiring an additional 9,186 shares during the last quarter. Institutional investors and hedge funds 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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