Analysts at Mizuho started coverage on shares of WEC Energy Group (NYSE:WEC) in a research note issued to investors on Thursday, The Fly reports. The firm set a “neutral” rating on the utilities provider’s stock.

Several other equities analysts have also commented on the company. Barclays upgraded WEC Energy Group from an “underweight” rating to an “equal weight” rating and set a $107.00 target price for the company in a research note on Wednesday, January 13th. Wells Fargo & Company upgraded WEC Energy Group from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $94.00 to $93.00 in a research note on Wednesday, March 10th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $94.09.

Shares of NYSE:WEC traded down $0.58 on Thursday, hitting $92.84. The company had a trading volume of 43,880 shares, compared to its average volume of 1,427,480. The company has a current ratio of 0.49, a quick ratio of 0.36 and a debt-to-equity ratio of 1.02. WEC Energy Group has a 52-week low of $80.55 and a 52-week high of $106.85. The business has a 50 day moving average of $87.45 and a 200 day moving average of $92.45. The company has a market cap of $29.28 billion, a PE ratio of 25.09, a PEG ratio of 4.51 and a beta of 0.18.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Thursday, February 4th. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.03. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $2.10 billion. WEC Energy Group had a return on equity of 11.36% and a net margin of 16.26%. The business’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business earned $0.77 earnings per share. As a group, equities analysts predict that WEC Energy Group will post 3.75 EPS for the current year.

Large investors have recently made changes to their positions in the business. Phoenix Wealth Advisors acquired a new stake in WEC Energy Group during the fourth quarter worth about $25,000. Graves Light Private Wealth Management Inc. acquired a new stake in shares of WEC Energy Group in the fourth quarter valued at about $26,000. tru Independence LLC grew its stake in shares of WEC Energy Group by 422.0% in the fourth quarter. tru Independence LLC now owns 308 shares of the utilities provider’s stock valued at $28,000 after buying an additional 249 shares in the last quarter. Hoover Financial Advisors Inc. acquired a new stake in shares of WEC Energy Group in the fourth quarter valued at about $29,000. Finally, Cowa LLC acquired a new stake in shares of WEC Energy Group in the fourth quarter valued at about $29,000. Institutional investors own 73.05% of the company’s stock.

WEC Energy Group Company Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable 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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The Fly

Analyst Recommendations for WEC Energy Group (NYSE:WEC)

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