WEC Energy Group (NYSE:WEC) Upgraded at Wall Street Zen

WEC Energy Group (NYSE:WEC - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Sunday.

Several other equities research analysts also recently weighed in on the company. Wells Fargo & Company increased their price objective on WEC Energy Group from $115.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Scotiabank set a $115.00 price target on shares of WEC Energy Group and gave the company an "outperform" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group downgraded shares of WEC Energy Group from a "neutral" rating to a "sell" rating and lowered their price objective for the stock from $106.00 to $100.00 in a research report on Wednesday. Barclays lifted their price objective on shares of WEC Energy Group from $99.00 to $101.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. raised shares of WEC Energy Group from an "underweight" rating to a "neutral" rating and upped their target price for the company from $106.00 to $108.00 in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $106.33.

WEC Energy Group Price Performance

Shares of WEC opened at $103.09 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.50 and a quick ratio of 0.40. WEC Energy Group has a 1-year low of $77.47 and a 1-year high of $111.00. The stock has a market cap of $32.90 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 2.83 and a beta of 0.45. The firm has a fifty day moving average price of $106.34 and a 200 day moving average price of $103.22.

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

Insider Activity

In other news, VP Joshua M. Erickson sold 2,155 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $107.77, for a total transaction of $232,244.35. Following the completion of the transaction, the vice president now directly owns 2,686 shares of the company's stock, valued at approximately $289,470.22. This represents a 44.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.50% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. New York Life Investment Management LLC grew its stake in shares of WEC Energy Group by 0.9% during the 4th quarter. New York Life Investment Management LLC now owns 42,341 shares of the utilities provider's stock worth $3,982,000 after purchasing an additional 362 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of WEC Energy Group by 2.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 23,264 shares of the utilities provider's stock valued at $2,188,000 after purchasing an additional 623 shares during the period. Proficio Capital Partners LLC purchased a new stake in WEC Energy Group during the fourth quarter worth about $70,000. QRG Capital Management Inc. grew its position in WEC Energy Group by 16.5% during the fourth quarter. QRG Capital Management Inc. now owns 13,972 shares of the utilities provider's stock worth $1,314,000 after buying an additional 1,981 shares during the period. Finally, Private Trust Co. NA grew its position in WEC Energy Group by 10.4% during the fourth quarter. Private Trust Co. NA now owns 5,952 shares of the utilities provider's stock worth $560,000 after buying an additional 563 shares during the period. 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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