WEC Energy Group Inc (WEC) Receives Average Rating of “Hold” from Analysts

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WEC Energy Group Inc (NYSE:WEC) has received an average rating of “Hold” from the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $73.75.

A number of brokerages have recently commented on WEC. Argus boosted their price target on WEC Energy Group to $85.00 and gave the company a “buy” rating in a report on Wednesday. Zacks Investment Research upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a report on Wednesday. Credit Suisse Group boosted their price target on WEC Energy Group from $71.00 to $73.00 and gave the company a “neutral” rating in a report on Thursday, February 14th. Wells Fargo & Co boosted their price target on WEC Energy Group from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, February 13th. Finally, Barclays boosted their price target on WEC Energy Group from $71.00 to $73.00 and gave the company a “hold” rating in a report on Monday, November 19th.

NYSE:WEC traded up $0.30 on Friday, reaching $77.92. The company’s stock had a trading volume of 25,225 shares, compared to its average volume of 1,736,888. WEC Energy Group has a 1-year low of $58.48 and a 1-year high of $78.05. The company has a current ratio of 0.67, a quick ratio of 0.51 and a debt-to-equity ratio of 1.02. The stock has a market cap of $24.47 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 5.02 and a beta of 0.15.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Tuesday, February 12th. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. WEC Energy Group had a return on equity of 10.87% and a net margin of 13.81%. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the firm earned $0.71 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis. Sell-side analysts forecast that WEC Energy Group will post 3.52 earnings per share for the current year.

In related news, Director Allen L. Leverett sold 112,250 shares of the company’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $74.35, for a total transaction of $8,345,787.50. Following the sale, the director now owns 151,589 shares in the company, valued at $11,270,642.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tom Metcalfe sold 13,675 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $75.72, for a total value of $1,035,471.00. Following the sale, the insider now owns 20,304 shares in the company, valued at approximately $1,537,418.88. The disclosure for this sale can be found here. Insiders have sold 456,668 shares of company stock worth $34,330,208 in the last quarter. 0.94% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WEC. We Are One Seven LLC bought a new stake in WEC Energy Group in the fourth quarter valued at approximately $30,000. Essex Investment Management Co. LLC bought a new stake in WEC Energy Group in the fourth quarter valued at approximately $30,000. ERTS Wealth Advisors LLC bought a new stake in WEC Energy Group in the fourth quarter valued at approximately $30,000. Arbor Wealth Management LLC bought a new stake in WEC Energy Group in the fourth quarter valued at approximately $32,000. Finally, Oregon Public Employees Retirement Fund raised its stake in WEC Energy Group by 6,740.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,359,757 shares of the utilities provider’s stock valued at $34,000 after buying an additional 2,325,262 shares during the period. Institutional investors and hedge funds own 74.81% of the company’s stock.

WEC Energy Group Company Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.

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Analyst Recommendations for WEC Energy Group (NYSE:WEC)

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