WEC Energy Group, Inc. (NYSE:WEC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

WEC Energy Group, Inc. (NYSE:WEC) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $122.4062.

WEC has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. BMO Capital Markets cut their target price on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Mizuho set a $124.00 price target on WEC Energy Group in a report on Wednesday, May 6th. Wall Street Zen lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of WEC Energy Group in a report on Friday, June 26th.

WEC Energy Group Stock Up 0.0%

NYSE WEC opened at $109.30 on Friday. 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 52 week low of $102.95 and a 52 week high of $119.91. The firm has a market capitalization of $35.60 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 1.89 and a beta of 0.47. The company has a fifty day moving average of $113.70 and a two-hundred day moving average of $113.82.

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

WEC Energy Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, August 14th. WEC Energy Group’s payout ratio is currently 73.84%.

Insider Activity

In other news, EVP Daniel Krueger sold 4,665 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total value of $517,628.40. Following the transaction, the executive vice president directly owned 7,346 shares in the company, valued at approximately $815,112.16. This represents a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On WEC Energy Group

Hedge funds have recently added to or reduced their stakes in the stock. Oak Thistle LLC bought a new position in WEC Energy Group during the 4th quarter worth about $5,363,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of WEC Energy Group by 24.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,220 shares of the utilities provider’s stock valued at $5,613,000 after purchasing an additional 10,606 shares in the last quarter. BLB&B Advisors LLC purchased a new stake in shares of WEC Energy Group in the 4th quarter worth approximately $6,096,000. NBC Securities Inc. lifted 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 during the period. Finally, Pictet Asset Management Holding SA boosted its stake in shares of WEC Energy Group by 195.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 482,309 shares of the utilities provider’s stock valued at $50,864,000 after purchasing an additional 318,846 shares in the last quarter. 77.20% of the stock is currently owned by institutional investors.

WEC Energy Group Company Profile

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.