WEC Energy Group, Inc. (NYSE:WEC) Receives $120.33 Average Target Price from Brokerages

Shares of WEC Energy Group, Inc. (NYSE:WEC) have been assigned an average recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $120.1333.

A number of equities analysts recently commented on the company. TD Cowen assumed coverage on WEC Energy Group in a report on Thursday, October 16th. They issued a “hold” rating and a $125.00 target price on the stock. Mizuho raised their target price on shares of WEC Energy Group from $117.00 to $121.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Argus upgraded shares of WEC Energy Group to a “strong-buy” rating in a research report on Monday. JPMorgan Chase & Co. increased their price objective on shares of WEC Energy Group from $113.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of WEC Energy Group in a research note on Monday, December 29th.

WEC Energy Group Stock Up 1.5%

WEC stock opened at $112.95 on Friday. The company has a market cap of $36.74 billion, a price-to-earnings ratio of 23.39, a P/E/G ratio of 2.68 and a beta of 0.58. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.59. The business’s 50-day moving average is $107.20 and its two-hundred day moving average is $109.77. WEC Energy Group has a fifty-two week low of $100.20 and a fifty-two week high of $118.18.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.39 by $0.03. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, analysts forecast that WEC Energy Group will post 5.23 earnings per share for the current year.

WEC Energy Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 13th will be given a $0.9525 dividend. The ex-dividend date is Friday, February 13th. This is a positive change from WEC Energy Group’s previous quarterly dividend of $0.89. This represents a $3.81 annualized dividend and a dividend yield of 3.4%. WEC Energy Group’s dividend payout ratio (DPR) is presently 73.91%.

Institutional Trading of WEC Energy Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC grew its holdings in WEC Energy Group by 16.9% during the 1st quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock valued at $1,820,000 after buying an additional 2,417 shares in the last quarter. Woodline Partners LP grew its stake in WEC Energy Group by 41.3% during the first quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider’s stock valued at $2,925,000 after acquiring an additional 7,841 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in WEC Energy Group by 5.0% in the 2nd quarter. Maryland State Retirement & Pension System now owns 15,524 shares of the utilities provider’s stock valued at $1,618,000 after acquiring an additional 740 shares during the last quarter. US Bancorp DE lifted its stake in WEC Energy Group by 0.4% in the 2nd quarter. US Bancorp DE now owns 335,799 shares of the utilities provider’s stock worth $34,991,000 after purchasing an additional 1,471 shares in the last quarter. Finally, Kampmann Melissa S. bought a new position in shares of WEC Energy Group during the 2nd quarter valued at about $1,217,000. Institutional investors 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.