WEC Energy Group (NYSE:WEC) Stock Rated Hold in New Coverage at HSBC

HSBC assumed coverage on shares of WEC Energy Group (NYSE:WEC) in a research note published on Thursday, Marketbeat.com reports. The brokerage issued a hold rating and a $106.50 price target on the utilities provider’s stock.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. raised their price target on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Truist Financial reduced their price target on shares of WEC Energy Group from $114.00 to $113.00 and set a “hold” rating on the stock in a research report on Friday, October 16th. Weiss Ratings cut WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 25th. Wall Street Zen upgraded WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 22nd. Finally, Barclays lowered their price objective on WEC Energy Group from $117.00 to $108.00 and set an “equal weight” rating for the company in a research report on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $117.88.

WEC Energy Group Stock Down 0.9%

Shares of WEC opened at $111.15 on Thursday. WEC Energy Group has a 52-week low of $99.80 and a 52-week high of $119.91. The company has a market capitalization of $36.22 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 2.29 and a beta of 0.45. The stock has a fifty day simple moving average of $105.47 and a two-hundred day simple moving average of $110.65. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities analysts forecast that WEC Energy Group will post 5.60 EPS for the current year.

WEC Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be given a dividend of $0.9525 per share. The ex-dividend date is Friday, November 13th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.4%. WEC Energy Group’s dividend payout ratio (DPR) is currently 73.84%.

Insider Buying and Selling at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 980 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total value of $103,468.40. Following the sale, the director directly owned 19,588 shares of the company’s stock, valued at approximately $2,068,101.04. The trade was a 4.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On WEC Energy Group

Hedge funds have recently made changes to their positions in the stock. Physician Wealth Advisors Inc. increased its holdings in WEC Energy Group by 113.9% in the 1st quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 131 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in WEC Energy Group by 972.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 214 shares in the last quarter. Compass Financial Management LLC acquired a new position in WEC Energy Group during the second quarter worth $29,000. Paladin Partners LLC purchased a new position in shares of WEC Energy Group during the second quarter worth $34,000. Finally, Addison Advisors LLC purchased a new position in shares of WEC Energy Group during the second quarter worth $34,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Key WEC Energy Group News

Here are the key news stories impacting WEC Energy Group this week:

• Positive Sentiment: WEC Energy is expected to report year-over-year earnings growth, and Zacks says the company has factors that could support an earnings beat. The results could provide a catalyst if management confirms solid utility demand, cost control and its full-year outlook. WEC Energy Group Earnings Expected to Grow
• Neutral Sentiment: WEC Energy will release third-quarter 2026 results before the market opens on Oct. 29, followed by an investor conference call at 1 p.m. Investors are likely to focus on earnings versus expectations, updated guidance and capital-spending plans. WEC Energy Group to Announce 2026 Third-Quarter Results
• Neutral Sentiment: Recent articles discuss WEC’s share performance and the returns earned by long-term holders, but they do not identify a new fundamental development. The stock remains a relatively low-volatility utility, with investors balancing income and defensive characteristics against valuation and leverage concerns. WEC Energy Group Shares Moved
• Negative Sentiment: HSBC initiated coverage with a Hold rating and a $106.50 price target, below the stock’s recent level near $111.15. The target implies limited upside and approximately 4% downside, adding pressure to the shares ahead of the earnings report. HSBC Initiates Coverage on WEC Energy With Hold Rating

About WEC Energy Group

WEC Energy Group, Inc is an energy holding company headquartered in Milwaukee, Wisconsin. Through its operating companies, the company generates and delivers electricity and provides natural gas distribution, storage and related energy services to residential, commercial and industrial customers.

WEC Energy’s principal utility businesses include We Energies and Wisconsin Public Service in Wisconsin, Michigan Gas Utilities, Minnesota Energy Resources, Upper Michigan Energy Resources and North Dakota utility operations.