Wall Street Zen Downgrades WEC Energy Group (NYSE:WEC) to Sell

WEC Energy Group (NYSE:WEC) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, Wall Street Zen reports.

Other equities analysts have also issued reports about the company. Weiss Ratings raised WEC Energy Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. LADENBURG THALM/SH SH downgraded WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price objective on the stock. in a research note on Tuesday, August 4th. Truist Financial lowered their target price on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. JPMorgan Chase & Co. raised their target price on shares of WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Finally, BMO Capital Markets reduced their price target on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.91.

WEC Energy Group Price Performance

Shares of NYSE:WEC opened at $103.58 on Monday. WEC Energy Group has a 1-year low of $102.95 and a 1-year high of $119.91. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.53 and a quick ratio of 0.39. The business has a fifty day moving average price of $109.57 and a 200-day moving average price of $112.80. The company has a market capitalization of $33.75 billion, a PE ratio of 20.07, a PEG ratio of 2.17 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the previous year, the business posted $0.76 EPS. WEC Energy Group’s revenue was up 2.6% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities analysts expect that WEC Energy Group will post 5.59 EPS for the current fiscal year.

Insider Buying and Selling at WEC Energy Group

In other news, Director Ulice Payne, Jr. sold 980 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total value of $103,468.40. Following the completion of the sale, the director directly owned 19,588 shares in the company, valued at $2,068,101.04. This represents a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On WEC Energy Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Godfrey Financial Associates Inc. purchased a new position in shares of WEC Energy Group during the fourth quarter worth approximately $25,000. Physician Wealth Advisors Inc. raised its position in WEC Energy Group by 113.9% in the 1st quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 131 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in WEC Energy Group by 972.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 214 shares during the last quarter. Compass Financial Management LLC acquired a new stake in WEC Energy Group during the 2nd quarter worth $29,000. Finally, Paladin Partners LLC acquired a new stake in WEC Energy Group during the 2nd quarter worth $34,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

WEC Energy Group Company Profile

WEC Energy Group is a diversified energy holding company headquartered in Milwaukee, Wisconsin. Through its utility subsidiaries, the company generates and distributes electricity and delivers natural gas to residential, commercial, and industrial customers.

WEC Energy Group serves customers primarily in Wisconsin, Illinois, Michigan, and Minnesota. Its operating companies include We Energies, Wisconsin Public Service, Upper Michigan Energy Resources, Minnesota Energy Resources, Michigan Gas Utilities, North Shore Gas, and Peoples Gas.