JPMorgan Chase & Co. Lowers WEC Energy Group (NYSE:WEC) Price Target to $120.00

WEC Energy Group (NYSE:WEC) had its target price lowered by stock analysts at JPMorgan Chase & Co. from $125.00 to $120.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 10.02% from the stock’s previous close.

A number of other research firms also recently commented on WEC. Wells Fargo & Company reiterated an “overweight” rating and set a $127.00 price objective on shares of WEC Energy Group in a research note on Tuesday, April 21st. Royal Bank Of Canada reissued a “sector perform” rating and set a $127.00 price objective on shares of WEC Energy Group in a report on Friday, January 23rd. Mizuho set a $124.00 price target on WEC Energy Group in a report on Wednesday, May 6th. Barclays boosted their target price on WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Finally, BTIG Research restated a “buy” rating and issued a $135.00 target price on shares of WEC Energy Group in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $122.44.

WEC Energy Group Stock Performance

NYSE:WEC opened at $109.07 on Thursday. WEC Energy Group has a 1 year low of $102.49 and a 1 year high of $119.62. The business has a fifty day simple moving average of $115.01 and a two-hundred day simple moving average of $111.73. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.54. The company has a market capitalization of $35.53 billion, a P/E ratio of 21.77, a P/E/G ratio of 2.68 and a beta of 0.50.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.15. WEC Energy Group had a return on equity of 12.72% and a net margin of 16.25%.The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the prior year, the firm earned $2.27 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, analysts expect that WEC Energy Group will post 5.59 earnings per share for the current year.

Insider Activity

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 1,450 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $114.60, for a total value of $166,170.00. Following the sale, the director owned 20,541 shares in the company, valued at approximately $2,353,998.60. This trade represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gale E. Klappa sold 5,000 shares of WEC Energy Group stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $116.55, for a total transaction of $582,750.00. Following the transaction, the director owned 276,600 shares in the company, valued at approximately $32,237,730. The trade was a 1.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.46% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On WEC Energy Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gateway Wealth Partners LLC increased its holdings in WEC Energy Group by 147.0% during the first quarter. Gateway Wealth Partners LLC now owns 7,411 shares of the utilities provider’s stock worth $858,000 after buying an additional 4,411 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its holdings in WEC Energy Group by 2.9% in the first quarter. OMERS ADMINISTRATION Corp now owns 129,835 shares of the utilities provider’s stock valued at $15,031,000 after acquiring an additional 3,626 shares in the last quarter. Waverly Advisors LLC boosted its holdings in shares of WEC Energy Group by 5.2% during the 1st quarter. Waverly Advisors LLC now owns 11,190 shares of the utilities provider’s stock valued at $1,295,000 after buying an additional 552 shares in the last quarter. Wealth Alliance LLC boosted its holdings in shares of WEC Energy Group by 38.3% during the 1st quarter. Wealth Alliance LLC now owns 20,043 shares of the utilities provider’s stock valued at $2,320,000 after buying an additional 5,554 shares in the last quarter. Finally, Epoch Investment Partners Inc. boosted its stake in WEC Energy Group by 8.0% in the 1st quarter. Epoch Investment Partners Inc. now owns 113,463 shares of the utilities provider’s stock worth $13,136,000 after purchasing an additional 8,429 shares in the last quarter. 77.20% of the stock is currently 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.