WEC Energy Group, Inc. (NYSE:WEC) Receives Consensus Rating of “Hold” from Analysts

WEC Energy Group, Inc. (NYSE:WEC) has been given an average rating of “Hold” by the eight ratings firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $101.88.

Several equities analysts have issued reports on the company. Scotiabank lifted their price objective 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. StockNews.com cut WEC Energy Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. KeyCorp increased their price objective on shares of WEC Energy Group from $108.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. BMO Capital Markets boosted their target price on shares of WEC Energy Group from $95.00 to $100.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 5th. Finally, Barclays raised shares of WEC Energy Group from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $89.00 to $93.00 in a research note on Thursday, January 2nd.

Insider Transactions at WEC Energy Group

In other news, Director Gale E. Klappa sold 25,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $108.62, for a total value of $2,715,500.00. Following the transaction, the director now directly owns 274,955 shares in the company, valued at $29,865,612.10. This trade represents a 8.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ulice Payne, Jr. sold 1,150 shares of the company’s stock in a transaction dated 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 owns 21,951 shares of the company’s stock, valued at $2,286,635.67. This represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC boosted its position in shares of WEC Energy Group by 3,828.6% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 268 shares in the last quarter. Prudent Man Investment Management Inc. bought a new stake in shares of WEC Energy Group in the 4th quarter valued at $28,000. Coastline Trust Co acquired a new stake in WEC Energy Group during the 3rd quarter worth $29,000. Hoey Investments Inc. bought a new position in WEC Energy Group during the fourth quarter worth about $42,000. Finally, Human Investing LLC acquired a new position in WEC Energy Group in the fourth quarter valued at about $52,000. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Down 1.0 %

Shares of NYSE:WEC opened at $106.76 on Tuesday. The company’s fifty day moving average is $102.63 and its 200-day moving average is $98.52. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.43 and a current ratio of 0.60. WEC Energy Group has a 52 week low of $77.47 and a 52 week high of $110.19. The company has a market capitalization of $33.72 billion, a PE ratio of 22.10, a P/E/G ratio of 2.60 and a beta of 0.45.

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). WEC Energy Group had a return on equity of 12.39% and a net margin of 17.75%. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the company posted $1.10 earnings per share. WEC Energy Group’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities research analysts predict that WEC Energy Group will post 5.23 earnings per share for the current fiscal year.

About WEC Energy Group

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.