WEC Energy Group (NYSE:WEC) Stock Price Expected to Rise, Mizuho Analyst Says

WEC Energy Group (NYSE:WECGet Free Report) had its price objective lifted by investment analysts at Mizuho from $117.00 to $121.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the utilities provider’s stock. Mizuho’s price target indicates a potential upside of 8.02% from the stock’s previous close.

Several other research analysts also recently issued reports on the stock. KeyCorp reiterated an “overweight” rating on shares of WEC Energy Group in a research note on Friday, January 16th. BTIG Research reissued a “buy” rating and issued a $135.00 target price on shares of WEC Energy Group in a report on Friday, January 30th. Scotiabank upped their price target on WEC Energy Group from $129.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, October 31st. TD Cowen assumed coverage on WEC Energy Group in a report on Thursday, October 16th. They issued a “hold” rating and a $125.00 price objective for the company. Finally, Jefferies Financial Group lowered their target price on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $120.07.

Check Out Our Latest Report on WEC

WEC Energy Group Stock Down 1.2%

Shares of NYSE:WEC opened at $112.01 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.33 and a debt-to-equity ratio of 1.29. The stock has a fifty day simple moving average of $107.08 and a two-hundred day simple moving average of $109.71. WEC Energy Group has a 12-month low of $99.89 and a 12-month high of $118.18. The stock has a market capitalization of $36.44 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 2.68 and a beta of 0.58.

WEC Energy Group (NYSE:WECGet Free Report) last issued its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.03. The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.19 billion. WEC Energy Group had a return on equity of 12.60% and a net margin of 17.75%.The company’s revenue was down 8.8% on a year-over-year basis. During the same period last year, the company earned $1.43 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, research analysts anticipate that WEC Energy Group will post 5.23 earnings per share for the current fiscal year.

Institutional Trading of WEC Energy Group

Several hedge funds have recently bought and sold shares of WEC. AE Wealth Management LLC lifted its stake in shares of WEC Energy Group by 4.9% during the 3rd quarter. AE Wealth Management LLC now owns 171,770 shares of the utilities provider’s stock worth $19,683,000 after acquiring an additional 7,970 shares during the last quarter. Alley Investment Management Company LLC boosted its stake in shares of WEC Energy Group by 36.5% during the third quarter. Alley Investment Management Company LLC now owns 59,519 shares of the utilities provider’s stock valued at $6,820,000 after purchasing an additional 15,926 shares during the period. Baillie Gifford & Co. grew its holdings in shares of WEC Energy Group by 53.0% in the third quarter. Baillie Gifford & Co. now owns 131,363 shares of the utilities provider’s stock worth $15,053,000 after purchasing an additional 45,477 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in WEC Energy Group by 13.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 419,574 shares of the utilities provider’s stock valued at $48,079,000 after buying an additional 49,905 shares in the last quarter. Finally, Associated Banc Corp boosted its position in WEC Energy Group by 64.0% in the 3rd quarter. Associated Banc Corp now owns 39,328 shares of the utilities provider’s stock valued at $4,507,000 after buying an additional 15,342 shares during the period. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group News Summary

Here are the key news stories impacting WEC Energy Group this week:

About WEC Energy Group

(Get Free Report)

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.

Further Reading

Analyst Recommendations for WEC Energy Group (NYSE:WEC)

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