WEC Energy Group (NYSE:WEC) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of WEC Energy Group (NYSE:WEC) from a sell rating to a hold rating in a report released on Tuesday morning,Wall Street Zen reports.

Several other brokerages have also recently commented on WEC. LADENBURG THALM/SH SH cut shares of WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price objective for the company. in a research note on Tuesday, August 4th. JPMorgan Chase & Co. raised their price target on shares of WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Weiss Ratings upgraded shares of WEC Energy Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 8th. KeyCorp decreased their price target on shares of WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Finally, Truist Financial lowered their price objective on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating on the stock in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, WEC Energy Group presently has an average rating of “Moderate Buy” and a consensus target price of $121.91.

WEC Energy Group Stock Down 0.7%

Shares of NYSE:WEC opened at $102.79 on Tuesday. WEC Energy Group has a 1 year low of $102.71 and a 1 year high of $119.91. The company has a market capitalization of $33.49 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 2.13 and a beta of 0.47. The business has a fifty day moving average price of $108.39 and a two-hundred day moving average price of $112.34. 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 (NYSE:WEC) last issued its 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 for the quarter, compared to analyst estimates of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The business’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Analysts forecast that WEC Energy Group will post 5.59 earnings per share for the current year.

WEC Energy Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were given a dividend of $0.9525 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $3.81 annualized dividend and a yield of 3.7%. WEC Energy Group’s dividend payout ratio (DPR) is currently 73.84%.

Insider Activity

In other news, Director Ulice Payne, Jr. sold 980 shares of WEC Energy Group stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total value of $103,468.40. Following the completion of the transaction, the director owned 19,588 shares of the company’s stock, valued at $2,068,101.04. The trade was a 4.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.46% of the company’s stock.

Institutional Trading of WEC Energy Group

Large investors have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in WEC Energy Group by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 8,838,003 shares of the utilities provider’s stock worth $928,653,000 after acquiring an additional 88,557 shares in the last quarter. Franklin Resources Inc. lifted its holdings in WEC Energy Group by 175.0% during the fourth quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock valued at $354,093,000 after purchasing an additional 2,136,542 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of WEC Energy Group by 0.3% in the first quarter. PNC Financial Services Group Inc. now owns 2,571,015 shares of the utilities provider’s stock worth $297,646,000 after purchasing an additional 7,206 shares during the period. Legal & General Group Plc bought a new position in shares of WEC Energy Group in the second quarter worth approximately $299,100,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of WEC Energy Group by 5.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,644,319 shares of the utilities provider’s stock worth $192,007,000 after purchasing an additional 78,168 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

About WEC Energy Group

WEC Energy Group is a diversified energy holding company headquartered in Milwaukee, Wisconsin. Through its utility subsidiaries, the company generates and distributes electricity and delivers natural gas to residential, commercial, and industrial customers.

WEC Energy Group serves customers primarily in Wisconsin, Illinois, Michigan, and Minnesota. Its operating companies include We Energies, Wisconsin Public Service, Upper Michigan Energy Resources, Minnesota Energy Resources, Michigan Gas Utilities, North Shore Gas, and Peoples Gas.