WEC Energy Group, Inc. (NYSE:WEC) Stock Has Average Target Price of $121.91 According to Brokerages

Shares of WEC Energy Group, Inc. (NYSE:WEC) have earned an average rating of “Moderate Buy” from the eighteen analysts that are currently covering the stock, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $121.91.

WEC has been the topic of a number of analyst reports. BMO Capital Markets decreased their target price on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Weiss Ratings upgraded WEC Energy Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 8th. Truist Financial reduced their price target on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. JPMorgan Chase & Co. raised their price objective on WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Finally, KeyCorp lowered their price objective on WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd.

Insider Transactions at WEC Energy Group

In other WEC Energy Group 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 sale, the director owned 19,588 shares in the company, valued at $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 available through this link. Insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. QRG Capital Management Inc. raised its stake in WEC Energy Group by 20.0% during the second quarter. QRG Capital Management Inc. now owns 27,374 shares of the utilities provider’s stock worth $3,196,000 after purchasing an additional 4,553 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of WEC Energy Group by 3.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,734,979 shares of the utilities provider’s stock valued at $436,133,000 after buying an additional 111,057 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of WEC Energy Group by 2.6% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 20,461 shares of the utilities provider’s stock worth $2,389,000 after buying an additional 525 shares during the last quarter. Nykredit A S acquired a new stake in shares of WEC Energy Group during the 2nd quarter worth $6,382,000. Finally, Corient Private Wealth LP increased its holdings in shares of 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 worth $22,148,000 after buying an additional 76,784 shares during the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

WEC Energy Group Trading Up 0.5%

Shares of WEC stock opened at $101.45 on Friday. The company has a market capitalization of $33.06 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 2.08 and a beta of 0.47. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35. The firm has a 50-day moving average price of $107.65 and a 200 day moving average price of $112.06. WEC Energy Group has a twelve month low of $100.14 and a twelve month high of $119.91.

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, topping the consensus estimate of $0.80 by $0.11. The company 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%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Research analysts forecast that WEC Energy Group will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 14th were given a dividend of $0.9525 per share. The ex-dividend date was Friday, August 14th. This represents a $3.81 annualized dividend and a yield of 3.8%. WEC Energy Group’s dividend payout ratio is 73.84%.

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.