WEC Energy Group (NYSE:WEC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of WEC Energy Group (NYSE:WEC) from a sell rating to a hold rating in a research note released on Tuesday morning,Wall Street Zen reports.

Other research analysts have also recently issued research reports about the stock. KeyCorp decreased their price target on shares of WEC Energy Group from $126.00 to $117.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. BMO Capital Markets dropped their price objective on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their target price on WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Weiss Ratings upgraded WEC Energy Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. Finally, LADENBURG THALM/SH SH cut WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price target on the stock. in a report on Tuesday, August 4th. One 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $121.91.

WEC Energy Group Price Performance

WEC stock opened at $100.98 on Tuesday. The firm has a 50 day moving average of $107.89 and a 200-day moving average of $112.13. The firm has a market capitalization of $32.90 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 2.12 and a beta of 0.47. WEC Energy Group has a 12 month low of $100.86 and a 12 month high of $119.91. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share 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 business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the firm posted $0.76 EPS. WEC Energy Group’s revenue was up 2.6% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, sell-side analysts predict that WEC Energy Group will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were issued a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, August 14th. WEC Energy Group’s payout ratio is currently 73.84%.

Insider Transactions at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 980 shares of the stock in a transaction 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 transaction, the director owned 19,588 shares of the company’s stock, valued at $2,068,101.04. This represents a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On WEC Energy Group

Several hedge funds have recently added to or reduced their stakes in WEC. Godfrey Financial Associates Inc. purchased a new position in shares of WEC Energy Group during the 4th quarter valued at about $25,000. Physician Wealth Advisors Inc. boosted its stake in shares of 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 in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in WEC Energy Group by 972.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock valued at $28,000 after buying an additional 214 shares during the period. Compass Financial Management LLC bought a new position in WEC Energy Group during the 2nd quarter worth approximately $29,000. Finally, Paladin Partners LLC bought a new position in shares of WEC Energy Group in the second quarter worth approximately $34,000. 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.