Brokerages Set WEC Energy Group, Inc. (NYSE:WEC) PT at $121.94

WEC Energy Group, Inc. (NYSE:WEC) has earned a consensus recommendation of “Hold” from the nineteen analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $121.9375.

Several research analysts have commented on WEC shares. Jefferies Financial Group decreased their target price on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating for the company in a report on Wednesday, January 28th. Bank of America set a $116.00 target price on shares of WEC Energy Group in a report on Wednesday, December 31st. BMO Capital Markets reiterated a “market perform” rating and issued a $121.00 target price on shares of WEC Energy Group in a report on Friday, February 6th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $127.00 target price on shares of WEC Energy Group in a report on Friday, January 23rd. Finally, KeyCorp raised their target price on shares of WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th.

Insiders Place Their Bets

In other news, Director Ulice Payne, Jr. sold 1,450 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $114.60, for a total value of $166,170.00. Following the completion of the sale, the director directly owned 20,541 shares of the company’s stock, valued at $2,353,998.60. This represents a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gale E. Klappa sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $115.44, for a total transaction of $2,886,000.00. Following the sale, the director owned 276,600 shares of the company’s stock, valued at approximately $31,930,704. This represents a 8.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 42,354 shares of company stock worth $4,855,505 over the last quarter. Company insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On WEC Energy Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Pure Financial Advisors LLC grew its stake in WEC Energy Group by 3.9% during the fourth quarter. Pure Financial Advisors LLC now owns 2,319 shares of the utilities provider’s stock worth $245,000 after buying an additional 86 shares during the period. CVA Family Office LLC grew its stake in WEC Energy Group by 25.4% during the third quarter. CVA Family Office LLC now owns 440 shares of the utilities provider’s stock worth $50,000 after buying an additional 89 shares during the period. Blossom Wealth Management grew its stake in WEC Energy Group by 1.4% during the third quarter. Blossom Wealth Management now owns 6,439 shares of the utilities provider’s stock worth $738,000 after buying an additional 90 shares during the period. Inscription Capital LLC grew its stake in WEC Energy Group by 4.7% during the fourth quarter. Inscription Capital LLC now owns 2,036 shares of the utilities provider’s stock worth $215,000 after buying an additional 91 shares during the period. Finally, Moors & Cabot Inc. grew its stake in WEC Energy Group by 1.7% during the third quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock worth $632,000 after buying an additional 93 shares during the period. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

WEC Energy Group Price Performance

NYSE WEC opened at $114.65 on Wednesday. The stock has a market capitalization of $37.34 billion, a P/E ratio of 23.74, a P/E/G ratio of 2.77 and a beta of 0.53. WEC Energy Group has a 1 year low of $100.61 and a 1 year high of $119.62. The business’s fifty day moving average is $115.56 and its two-hundred day moving average is $111.98. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.59.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.03. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.19 billion. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The company’s revenue was down 8.8% compared to the same quarter last year. During the same period last year, the company posted $1.43 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, research analysts forecast that WEC Energy Group will post 5.6 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.9525 per share. This represents a $3.81 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, May 14th. WEC Energy Group’s payout ratio is 78.88%.

About WEC Energy Group

WEC Energy Group is a Milwaukee, Wisconsin–based regulated energy holding company whose primary businesses are the generation, transmission and distribution of electricity and the distribution of natural gas. The company operates through a set of utility subsidiaries that provide bundled energy service, customer billing and energy-related programs to residential, commercial and industrial customers. As a regulated utility group, WEC’s operations focus on delivering reliable service while managing infrastructure investment and compliance with state and federal utility regulation.

Its utility subsidiaries include well-known regional operators such as We Energies and Wisconsin Public Service, along with Chicago-area natural gas utilities that were part of the Integrys Energy Group acquisition.