WEC Energy Group, Inc. (NYSE:WEC) Receives $120.07 Average Price Target from Brokerages

WEC Energy Group, Inc. (NYSE:WEC) has earned an average rating of “Moderate Buy” from the eighteen ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $120.6667.

Several research firms have recently weighed in on WEC. BTIG Research reiterated a “buy” rating and issued a $135.00 target price on shares of WEC Energy Group in a research note on Friday, January 30th. Argus upgraded shares of WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. BMO Capital Markets restated a “market perform” rating and set a $121.00 target price on shares of WEC Energy Group in a research report on Friday, February 6th. Jefferies Financial Group cut their price target on WEC Energy Group from $124.00 to $121.00 and set a “hold” rating for the company in a report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. boosted their price objective on WEC Energy Group from $113.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th.

Insider Buying and Selling

In related news, CEO Scott J. Lauber sold 8,089 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $110.70, for a total transaction of $895,452.30. Following the completion of the transaction, the chief executive officer owned 66,801 shares of the company’s stock, valued at approximately $7,394,870.70. The trade was a 10.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mary Beth Straka sold 2,815 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $115.50, for a total transaction of $325,132.50. Following the sale, the vice president directly owned 4,707 shares in the company, valued at $543,658.50. This trade represents a 37.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 42,354 shares of company stock valued at $4,855,505. Corporate insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Godfrey Financial Associates Inc. purchased a new position in WEC Energy Group in the 4th quarter worth approximately $25,000. Torren Management LLC bought a new position in shares of WEC Energy Group during the 4th quarter valued at about $26,000. CoreFirst Bank & Trust purchased a new position in shares of WEC Energy Group during the 2nd quarter valued at about $26,000. Osterweis Capital Management Inc. bought a new stake in WEC Energy Group in the 2nd quarter worth approximately $27,000. Finally, Salomon & Ludwin LLC purchased a new position in shares of WEC Energy Group during the third quarter worth approximately $30,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Performance

NYSE:WEC opened at $116.17 on Tuesday. The company has a market capitalization of $37.82 billion, a P/E ratio of 24.05, a P/E/G ratio of 2.82 and a beta of 0.58. The business has a fifty day simple moving average of $110.76 and a two-hundred day simple moving average of $110.47. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.59 and a quick ratio of 0.44. WEC Energy Group has a 1 year low of $100.61 and a 1 year high of $118.18.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.03. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the company earned $1.43 EPS. The firm’s quarterly revenue 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. On average, analysts expect that WEC Energy Group will post 5.23 earnings per share for the current year.

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.