WEC Energy Group, Inc. (NYSE:WEC) Receives $122.13 Consensus Target Price from Brokerages

WEC Energy Group, Inc. (NYSE:WEC) has been given an average recommendation of “Hold” by the nineteen brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $122.1250.

A number of equities analysts recently commented on the stock. KeyCorp lifted their target price on shares of WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Barclays lifted their target price on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Mizuho set a $124.00 target price on shares of WEC Energy Group in a research report on Wednesday, May 6th. Wall Street Zen cut shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, JPMorgan Chase & Co. decreased their target price on shares of WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th.

WEC Energy Group Stock Performance

WEC Energy Group stock opened at $114.05 on Thursday. The firm’s fifty day moving average price is $113.69 and its 200-day moving average price is $111.71. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68. The stock has a market cap of $37.15 billion, a P/E ratio of 22.76, a price-to-earnings-growth ratio of 2.73 and a beta of 0.47. WEC Energy Group has a fifty-two week low of $102.49 and a fifty-two week high of $119.62.

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, beating the consensus estimate of $2.30 by $0.15. The firm had revenue of $3.43 billion for 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 business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted $2.27 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities research analysts expect that WEC Energy Group will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Thursday, May 14th were given a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Thursday, May 14th. WEC Energy Group’s dividend payout ratio (DPR) is presently 76.05%.

Insider Buying and Selling

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

Institutional Investors Weigh In On WEC Energy Group

A number of large investors have recently added to or reduced their stakes in WEC. Empowered Funds LLC grew its holdings in WEC Energy Group by 16.9% in the 1st quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock worth $1,820,000 after acquiring an additional 2,417 shares during the last quarter. Woodline Partners LP grew its holdings in WEC Energy Group by 41.3% in the 1st quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider’s stock worth $2,925,000 after acquiring an additional 7,841 shares during the last quarter. Cerity Partners LLC grew its holdings in WEC Energy Group by 7.3% in the 2nd quarter. Cerity Partners LLC now owns 44,286 shares of the utilities provider’s stock worth $4,616,000 after acquiring an additional 3,006 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in WEC Energy Group by 477.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 333,552 shares of the utilities provider’s stock worth $34,756,000 after acquiring an additional 275,786 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in WEC Energy Group by 8.8% in the 2nd quarter. NewEdge Advisors LLC now owns 58,364 shares of the utilities provider’s stock worth $6,082,000 after acquiring an additional 4,730 shares during the last quarter. 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.