WEC Energy Group, Inc. (NYSE:WEC) Receives $122.44 Consensus Target Price from Analysts

Shares of WEC Energy Group, Inc. (NYSE:WEC) have been assigned an average rating of “Hold” from the nineteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $122.1250.

WEC has been the topic of several analyst reports. KeyCorp increased their target price on WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. BMO Capital Markets reissued a “market perform” rating and issued a $121.00 target price on shares of WEC Energy Group in a research note on Friday, February 6th. Wells Fargo & Company reissued an “overweight” rating and issued a $127.00 target price on shares of WEC Energy Group in a research note on Tuesday, April 21st. Jefferies Financial Group cut their target price on 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. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $127.00 target price on shares of WEC Energy Group in a research note on Friday, January 23rd.

WEC Energy Group Price Performance

WEC opened at $112.12 on Friday. The company has a fifty day moving average price of $114.65 and a two-hundred day moving average price of $111.62. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68. WEC Energy Group has a 52 week low of $102.49 and a 52 week high of $119.62. The firm has a market capitalization of $36.52 billion, a PE ratio of 22.38, a P/E/G ratio of 2.66 and a beta of 0.50.

WEC Energy Group (NYSE:WEC) last released its earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.15. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the prior year, the firm posted $2.27 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, analysts anticipate that WEC Energy Group will post 5.59 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 14th will be paid a $0.9525 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $3.81 annualized dividend and a yield of 3.4%. WEC Energy Group’s dividend payout ratio is presently 76.05%.

Insider Activity

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total value of $517,628.40. Following the transaction, the executive vice president owned 7,346 shares of the company’s stock, valued at approximately $815,112.16. This represents a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ulice Payne, Jr. sold 1,450 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $114.60, for a total value of $166,170.00. Following the completion of the transaction, the director directly owned 20,541 shares in the company, valued at $2,353,998.60. The trade was a 6.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On WEC Energy Group

A number of hedge funds have recently modified their holdings of WEC. Franklin Resources Inc. raised its position in shares of WEC Energy Group by 175.0% during the fourth quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock worth $354,093,000 after purchasing an additional 2,136,542 shares during the period. Vanguard Group Inc. raised its position in shares of WEC Energy Group by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock worth $4,334,401,000 after purchasing an additional 819,627 shares during the period. Janus Henderson Group PLC raised its position in shares of WEC Energy Group by 3,337.5% during the first quarter. Janus Henderson Group PLC now owns 700,527 shares of the utilities provider’s stock worth $81,097,000 after purchasing an additional 680,148 shares during the period. Freestone Grove Partners LP raised its position in shares of WEC Energy Group by 30,697.3% during the third quarter. Freestone Grove Partners LP now owns 620,565 shares of the utilities provider’s stock worth $71,111,000 after purchasing an additional 618,550 shares during the period. Finally, Balyasny Asset Management L.P. raised its position in shares of WEC Energy Group by 324.1% during the second quarter. Balyasny Asset Management L.P. now owns 774,679 shares of the utilities provider’s stock worth $80,722,000 after purchasing an additional 592,028 shares during the period. Institutional investors and hedge funds 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.