WEC Energy Group, Inc. (NYSE:WEC) Receives $101.88 Consensus Price Target from Analysts

WEC Energy Group, Inc. (NYSE:WEC) has earned a consensus rating of “Hold” from the eight analysts that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $101.88.

Several brokerages have issued reports on WEC. Barclays upgraded shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $89.00 to $93.00 in a research report on Thursday, January 2nd. KeyCorp raised their target price on WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Scotiabank upped their price target on WEC Energy Group from $103.00 to $110.00 and gave the company a “sector outperform” rating in a research report on Monday, December 9th. BMO Capital Markets raised their price objective on WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company upped their target price on WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th.

Insider Buying and Selling at WEC Energy Group

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,150 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $104.17, for a total value of $119,795.50. Following the completion of the sale, the director now directly owns 21,951 shares in the company, valued at approximately $2,286,635.67. This trade represents a 4.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gale E. Klappa sold 25,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $108.62, for a total transaction of $2,715,500.00. Following the transaction, the director now owns 274,955 shares in the company, valued at $29,865,612.10. This represents a 8.33 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On WEC Energy Group

A number of hedge funds have recently added to or reduced their stakes in WEC. MJP Associates Inc. ADV lifted its holdings in shares of WEC Energy Group by 3.4% in the 4th quarter. MJP Associates Inc. ADV now owns 3,019 shares of the utilities provider’s stock worth $284,000 after purchasing an additional 98 shares in the last quarter. Marshall Financial Group LLC raised its holdings in WEC Energy Group by 4.8% during the fourth quarter. Marshall Financial Group LLC now owns 2,198 shares of the utilities provider’s stock worth $207,000 after buying an additional 100 shares during the last quarter. Horizon Investments LLC lifted its stake in shares of WEC Energy Group by 1.9% in the fourth quarter. Horizon Investments LLC now owns 5,881 shares of the utilities provider’s stock valued at $553,000 after buying an additional 109 shares in the last quarter. Wealth Alliance grew its holdings in shares of WEC Energy Group by 0.8% during the fourth quarter. Wealth Alliance now owns 14,090 shares of the utilities provider’s stock valued at $1,325,000 after buying an additional 110 shares during the last quarter. Finally, Advisor OS LLC raised its holdings in shares of WEC Energy Group by 3.5% in the 4th quarter. Advisor OS LLC now owns 3,222 shares of the utilities provider’s stock worth $303,000 after acquiring an additional 110 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Trading Up 0.3 %

NYSE WEC opened at $107.83 on Tuesday. The company has a market cap of $34.06 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45. WEC Energy Group has a twelve month low of $77.47 and a twelve month high of $110.19. The company has a quick ratio of 0.43, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. The business’s fifty day moving average is $102.36 and its 200 day moving average is $98.39.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.06). WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the business posted $1.10 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, sell-side analysts expect that WEC Energy Group will post 5.23 EPS for the current fiscal year.

WEC Energy Group Company Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.