KeyCorp Cuts WEC Energy Group (NYSE:WEC) Price Target to $117.00

WEC Energy Group (NYSE:WEC) had its price objective decreased by stock analysts at KeyCorp from $126.00 to $117.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price target points to a potential upside of 3.21% from the company’s previous close.

WEC has been the subject of several other research reports. Weiss Ratings restated a “buy (b)” rating on shares of WEC Energy Group in a research report on Friday, June 26th. JPMorgan Chase & Co. lifted their price objective on WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Mizuho set a $124.00 price objective on WEC Energy Group in a research note on Wednesday, May 6th. BMO Capital Markets reduced their target price on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a report on Wednesday. Finally, Truist Financial lifted their price target on WEC Energy Group from $119.00 to $122.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $123.20.

WEC Energy Group Price Performance

Shares of NYSE WEC opened at $113.36 on Thursday. The firm has a market cap of $36.92 billion, a PE ratio of 22.63, a PEG ratio of 1.94 and a beta of 0.47. The firm has a fifty day moving average of $113.63 and a 200 day moving average of $113.41. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68. WEC Energy Group has a one year low of $102.95 and a one year high of $119.91.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.15. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.32 billion. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.27 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, research analysts predict that WEC Energy Group will post 5.59 EPS for the current fiscal year.

Insider Activity

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total value of $517,628.40. Following the completion of the sale, the executive vice president directly owned 7,346 shares of the company’s stock, valued at $815,112.16. This trade represents a 38.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is owned by company insiders.

Institutional Investors Weigh In On WEC Energy Group

Hedge funds have recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. raised its stake in WEC Energy Group by 972.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 214 shares during the period. Godfrey Financial Associates Inc. purchased a new stake in shares of WEC Energy Group in the 4th quarter valued at approximately $25,000. Torren Management LLC acquired a new stake in shares of WEC Energy Group during the 4th quarter worth approximately $26,000. Physician Wealth Advisors Inc. raised its position in shares of WEC Energy Group by 113.9% during the 1st quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock valued at $28,000 after buying an additional 131 shares during the period. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of WEC Energy Group during the 2nd quarter valued at approximately $27,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

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.