WEC Energy Group (NYSE:WEC) Stock Price Expected to Rise, Barclays Analyst Says

WEC Energy Group (NYSE:WEC) had its price target increased by equities research analysts at Barclays from $110.00 to $111.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s price objective would indicate a potential downside of 2.12% from the company’s current price.

WEC has been the subject of several other research reports. Bank of America set a $116.00 price target on shares of WEC Energy Group in a research note on Wednesday, December 31st. Argus upgraded WEC Energy Group to a “strong-buy” rating in a research note on Monday, February 9th. KeyCorp lifted their target price on WEC Energy Group from $117.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. UBS Group lowered their target price on WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $127.00 price target on shares of WEC Energy Group in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $120.73.

WEC Energy Group Trading Up 1.2%

NYSE:WEC traded up $1.36 on Tuesday, reaching $113.41. 94,379 shares of the company’s stock were exchanged, compared to its average volume of 2,274,005. The firm has a market capitalization of $36.92 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 2.70 and a beta of 0.58. WEC Energy Group has a 52-week low of $100.61 and a 52-week high of $118.53. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 1.35. The business has a fifty day moving average of $113.10 and a 200-day moving average of $111.19.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data 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 business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the firm posted $1.43 earnings per share. 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 expect that WEC Energy Group will post 5.23 earnings per share for the current year.

Insider Activity

In other news, Director Ulice Payne, Jr. sold 1,450 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $114.60, for a total transaction of $166,170.00. Following the completion of the transaction, the director directly owned 20,541 shares of the company’s stock, valued at approximately $2,353,998.60. This represents a 6.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Mary Beth Straka sold 2,815 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $115.50, for a total value of $325,132.50. Following the completion of the transaction, the vice president owned 4,707 shares in the company, valued at approximately $543,658.50. The trade was a 37.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 42,354 shares of company stock valued at $4,855,505 over the last quarter. Company insiders own 0.50% of the company’s stock.

Institutional Trading of WEC Energy Group

A number of large investors have recently made changes to their positions in WEC. Empowered Funds LLC grew its holdings in shares of WEC Energy Group by 16.9% during the first quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock worth $1,820,000 after buying an additional 2,417 shares during the last quarter. Woodline Partners LP raised its stake in WEC Energy Group by 41.3% during the 1st 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 during the last quarter. TD Waterhouse Canada Inc. lifted its position in WEC Energy Group by 23.8% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,104 shares of the utilities provider’s stock worth $116,000 after acquiring an additional 212 shares during the period. MAI Capital Management lifted its position in WEC Energy Group by 4.9% during the 2nd quarter. MAI Capital Management now owns 5,972 shares of the utilities provider’s stock worth $622,000 after acquiring an additional 279 shares during the period. Finally, Coldstream Capital Management Inc. grew its stake in shares of WEC Energy Group by 4.3% in the 2nd quarter. Coldstream Capital Management Inc. now owns 4,252 shares of the utilities provider’s stock valued at $443,000 after purchasing an additional 174 shares during the last quarter. 77.20% of the stock is owned by institutional investors and hedge funds.

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.