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

WEC Energy Group, Inc. (NYSE:WEC) has been given a consensus rating of “Hold” by the eight brokerages that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $101.88.

WEC has been the subject of a number of recent research reports. Wells Fargo & Company upped their price objective on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. Bank of America upgraded WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $90.00 to $98.00 in a research note on Thursday, December 12th. BMO Capital Markets raised their price objective on WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. KeyCorp upped 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. Finally, Scotiabank lifted their price target on shares of 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.

Insider Transactions at WEC Energy Group

In related news, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total transaction of $2,715,500.00. Following the sale, the director now directly owns 274,955 shares of the company’s stock, valued at $29,865,612.10. This trade represents a 8.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ulice Payne, Jr. sold 1,150 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 21,951 shares of the company’s stock, valued at approximately $2,286,635.67. This trade represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company’s stock.

Institutional Trading of WEC Energy Group

Institutional investors have recently modified their holdings of the company. ING Groep NV acquired a new stake in WEC Energy Group during the third quarter worth $619,000. Coastline Trust Co bought a new position in shares of WEC Energy Group during the 3rd quarter worth about $29,000. Natixis Advisors LLC lifted its holdings in shares of WEC Energy Group by 17.3% during the 3rd quarter. Natixis Advisors LLC now owns 275,834 shares of the utilities provider’s stock worth $26,530,000 after acquiring an additional 40,735 shares during the period. Atlanta Consulting Group Advisors LLC acquired a new stake in shares of WEC Energy Group during the 3rd quarter valued at about $373,000. Finally, Claro Advisors LLC increased its stake in WEC Energy Group by 9.5% in the third quarter. Claro Advisors LLC now owns 9,610 shares of the utilities provider’s stock valued at $924,000 after acquiring an additional 835 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

WEC Energy Group Stock Down 1.0 %

WEC opened at $106.76 on Tuesday. The company has a market capitalization of $33.72 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45. The business has a 50-day moving average of $102.63 and a 200-day moving average of $98.52. WEC Energy Group has a fifty-two week low of $77.47 and a fifty-two week high of $110.19. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.43.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.06). The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. WEC Energy Group’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.10 EPS. Equities research analysts forecast 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.