WEC Energy Group, Inc. (NYSE:WEC) Stock Has Consensus Price Target of $120.90 According to Analysts

Shares of WEC Energy Group, Inc. (NYSE:WEC) have received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the stock, MarketBeat reports. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $118.63.

Several analysts recently weighed in on WEC shares. KeyCorp reduced their price objective on shares of WEC Energy Group from $117.00 to $111.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. LADENBURG THALM/SH SH lowered WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 target price for the company. in a research report on Tuesday, August 4th. Weiss Ratings lowered WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. Stephens set a $109.00 target price on WEC Energy Group in a report on Friday. Finally, Wall Street Zen upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 22nd.

WEC Energy Group Trading Up 1.6%

WEC opened at $108.74 on Wednesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.53 and a quick ratio of 0.39. WEC Energy Group has a fifty-two week low of $99.80 and a fifty-two week high of $119.91. The company’s 50 day moving average price is $105.43 and its two-hundred day moving average price is $110.75. The firm has a market capitalization of $35.43 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 2.20 and a beta of 0.45.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.11 billion. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 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 5.60 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be given a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, November 13th. WEC Energy Group’s dividend payout ratio (DPR) is 73.84%.

Insider Activity

In related news, Director Ulice Payne, Jr. sold 980 shares of WEC Energy Group 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 directly owned 19,588 shares of the company’s stock, valued at $2,068,101.04. The trade was a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is owned by company insiders.

Institutional Trading of WEC Energy Group

Several institutional investors have recently added to or reduced their stakes in WEC. Carnegie Investment Counsel lifted its position in WEC Energy Group by 14.7% in the 3rd quarter. Carnegie Investment Counsel now owns 9,518 shares of the utilities provider’s stock valued at $959,000 after acquiring an additional 1,217 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in WEC Energy Group by 0.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 263,910 shares of the utilities provider’s stock valued at $26,597,000 after purchasing an additional 1,759 shares during the last quarter. Diversify Advisory Services LLC boosted its stake in WEC Energy Group by 2.0% during the 3rd quarter. Diversify Advisory Services LLC now owns 5,076 shares of the utilities provider’s stock valued at $538,000 after purchasing an additional 98 shares during the last quarter. First Bank & Trust boosted its stake in WEC Energy Group by 42.0% during the 3rd quarter. First Bank & Trust now owns 16,067 shares of the utilities provider’s stock valued at $1,619,000 after purchasing an additional 4,753 shares during the last quarter. Finally, Banque Pictet & Cie SA bought a new stake in WEC Energy Group during the 3rd quarter worth approximately $1,525,000. 77.20% of the stock is currently owned by institutional investors.

WEC Energy Group Company Profile

WEC Energy Group, Inc is an energy holding company headquartered in Milwaukee, Wisconsin. Through its operating companies, the company generates and delivers electricity and provides natural gas distribution, storage and related energy services to residential, commercial and industrial customers.

WEC Energy’s principal utility businesses include We Energies and Wisconsin Public Service in Wisconsin, Michigan Gas Utilities, Minnesota Energy Resources, Upper Michigan Energy Resources and North Dakota utility operations.