Analysts Set WEC Energy Group, Inc. (NYSE:WEC) Target Price at $121.91

WEC Energy Group, Inc. (NYSE:WEC) has been given a consensus recommendation of “Moderate Buy” by the eighteen analysts that are presently covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $121.9062.

WEC has been the subject of a number of analyst reports. LADENBURG THALM/SH SH downgraded WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price target for the company. in a research note on Tuesday, August 4th. Wall Street Zen upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a report on Saturday. Truist Financial lowered their price target on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. KeyCorp reduced their target price on shares of WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Finally, Mizuho set a $124.00 target price on shares of WEC Energy Group in a report on Wednesday, May 6th.

Insider Activity at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 980 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total value of $103,468.40. Following the transaction, the director owned 19,588 shares in the company, valued at $2,068,101.04. The trade was a 4.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Institutional Trading of WEC Energy Group

Hedge funds have recently bought and sold shares of the business. Corient Private Wealth LP raised its stake in shares of WEC Energy Group by 68.0% during the 2nd quarter. Corient Private Wealth LP now owns 189,670 shares of the utilities provider’s stock worth $22,148,000 after purchasing an additional 76,784 shares during the period. Amundi increased its holdings in WEC Energy Group by 3.7% during the second quarter. Amundi now owns 448,027 shares of the utilities provider’s stock worth $52,316,000 after buying an additional 16,185 shares during the last quarter. California State Teachers Retirement System increased its holdings in WEC Energy Group by 11,738.1% during the second quarter. California State Teachers Retirement System now owns 44,289,343 shares of the utilities provider’s stock worth $5,171,667,000 after buying an additional 43,915,218 shares during the last quarter. Readystate Asset Management LP bought a new stake in WEC Energy Group in the second quarter worth about $264,000. Finally, Ameritas Advisory Services LLC boosted its stake in WEC Energy Group by 157.8% in the second quarter. Ameritas Advisory Services LLC now owns 33,072 shares of the utilities provider’s stock valued at $3,862,000 after acquiring an additional 20,245 shares during the last quarter. 77.20% of the stock is currently owned by institutional investors.

WEC Energy Group Stock Performance

Shares of WEC Energy Group stock opened at $106.36 on Tuesday. The business has a 50-day moving average price of $112.10 and a two-hundred day moving average price of $113.51. WEC Energy Group has a 1-year low of $102.95 and a 1-year high of $119.91. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35. The company has a market cap of $34.66 billion, a P/E ratio of 20.61, a PEG ratio of 1.84 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, analysts anticipate that WEC Energy Group will post 5.59 EPS for the current year.

WEC Energy Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be paid a $0.9525 dividend. The ex-dividend date is Friday, August 14th. This represents a $3.81 annualized dividend and a yield of 3.6%. WEC Energy Group’s dividend payout ratio (DPR) is 73.84%.

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.