WEC Energy Group (NYSE:WEC) Cut to Neutral at LADENBURG THALM/SH SH

WEC Energy Group (NYSE:WEC) was downgraded by stock analysts at LADENBURG THALM/SH SH from a “buy” rating to a “neutral” rating in a report issued on Tuesday, Marketbeat Ratings reports. They currently have a $110.50 target price on the utilities provider’s stock. LADENBURG THALM/SH SH’s target price suggests a potential upside of 1.03% from the company’s previous close.

A number of other research analysts have also recently commented on WEC. BMO Capital Markets dropped their price target on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of WEC Energy Group in a research report on Friday, June 26th. Wells Fargo & Company restated an “overweight” rating and set a $127.00 price target on shares of WEC Energy Group in a research note on Tuesday, April 21st. Truist Financial upped their price target on shares of WEC Energy Group from $119.00 to $122.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. Finally, Barclays upped their target price on WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, WEC Energy Group currently has a consensus rating of “Moderate Buy” and an average price target of $122.41.

WEC Energy Group Trading Down 0.0%

Shares of WEC stock opened at $109.38 on Tuesday. The company has a 50 day moving average of $113.78 and a 200-day moving average of $113.80. 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 has a 12-month low of $102.95 and a 12-month high of $119.91. The firm has a market cap of $35.63 billion, a P/E ratio of 21.20, a PEG ratio of 1.89 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%.The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the business earned $0.76 earnings per share. WEC Energy Group’s revenue for the quarter was up 2.6% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Sell-side analysts anticipate that WEC Energy Group will post 5.59 earnings per share for the current year.

Insider Buying and Selling

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total transaction of $517,628.40. Following the completion of the transaction, the executive vice president owned 7,346 shares of the company’s stock, valued at approximately $815,112.16. This trade represents a 38.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On WEC Energy Group

Several institutional investors and hedge funds have recently made changes to their positions in WEC. Oak Thistle LLC purchased a new position in WEC Energy Group in the 4th quarter worth about $5,363,000. BLB&B Advisors LLC purchased a new stake in WEC Energy Group during the fourth quarter valued at approximately $6,096,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of WEC Energy Group by 24.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,220 shares of the utilities provider’s stock worth $5,613,000 after purchasing an additional 10,606 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of WEC Energy Group by 5.4% during the 4th quarter. Assetmark Inc. now owns 180,068 shares of the utilities provider’s stock valued at $18,990,000 after purchasing an additional 9,198 shares during the last quarter. Finally, NBC Securities Inc. boosted its position in shares of WEC Energy Group by 5,040.6% in the 4th quarter. NBC Securities Inc. now owns 32,386 shares of the utilities provider’s stock worth $3,415,000 after purchasing an additional 31,756 shares in the last quarter. 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.