WEC Energy Group (NYSE:WEC) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of WEC Energy Group (NYSE:WEC) from a sell rating to a hold rating in a research note released on Saturday morning.

Several other equities research analysts have also weighed in on WEC. Weiss Ratings lowered WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. boosted 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. LADENBURG THALM/SH SH lowered shares of WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price target for the company. in a research report on Tuesday, August 4th. Mizuho set a $124.00 price objective on shares of WEC Energy Group in a report on Wednesday, May 6th. Finally, Truist Financial cut their price objective on shares of 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 research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, WEC Energy Group currently has a consensus rating of “Moderate Buy” and an average price target of $121.91.

WEC Energy Group Trading Down 0.1%

NYSE WEC opened at $106.15 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53. WEC Energy Group has a one year low of $102.95 and a one year high of $119.91. The company has a 50-day simple moving average of $112.23 and a 200-day simple moving average of $113.54. The firm has a market capitalization of $34.59 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 1.84 and a beta of 0.47.

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, topping analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.11 billion. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. WEC Energy Group’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company posted $0.76 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities analysts forecast that WEC Energy Group will post 5.59 earnings per share for the current year.

WEC Energy Group Announces Dividend

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

Insiders Place Their Bets

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total transaction of $103,468.40. Following the sale, the director owned 19,588 shares in the company, valued at approximately $2,068,101.04. The trade was a 4.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On WEC Energy Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Corient Private Wealth LP raised its stake in 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 valued at $22,148,000 after purchasing an additional 76,784 shares during the period. Amundi boosted its position in shares of WEC Energy Group by 3.7% in 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 period. California State Teachers Retirement System boosted its position in shares of WEC Energy Group by 11,738.1% in 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 period. Readystate Asset Management LP purchased a new position in shares of WEC Energy Group during the second quarter valued at $264,000. Finally, Ameritas Advisory Services LLC grew its holdings in shares of WEC Energy Group by 157.8% during the second quarter. Ameritas Advisory Services LLC now owns 33,072 shares of the utilities provider’s stock valued at $3,862,000 after buying an additional 20,245 shares in the last quarter. Institutional investors and hedge funds 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.