Jefferies Financial Group Has Lowered Expectations for WEC Energy Group (NYSE:WEC) Stock Price

WEC Energy Group (NYSE:WEC) had its price objective decreased by equities researchers at Jefferies Financial Group from $124.00 to $121.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the utilities provider’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 9.89% from the stock’s current price.

A number of other equities analysts have also weighed in on WEC. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $127.00 price target on shares of WEC Energy Group in a research report on Friday, January 23rd. UBS Group set a $116.00 target price on shares of WEC Energy Group in a report on Wednesday, December 31st. Mizuho set a $125.00 price target on WEC Energy Group in a research note on Monday, October 27th. Wall Street Zen downgraded WEC Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, Barclays increased their target price on WEC Energy Group from $105.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, WEC Energy Group currently has an average rating of “Hold” and an average price target of $120.40.

WEC Energy Group Stock Down 0.2%

Shares of WEC traded down $0.24 on Wednesday, hitting $110.11. 1,727,091 shares of the stock traded hands, compared to its average volume of 2,086,012. WEC Energy Group has a one year low of $96.37 and a one year high of $118.18. The company has a market capitalization of $35.82 billion, a PE ratio of 20.81, a P/E/G ratio of 2.59 and a beta of 0.58. The business has a 50 day simple moving average of $107.08 and a 200 day simple moving average of $109.51. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.33 and a current ratio of 0.50.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Thursday, October 30th. The utilities provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $1.86 billion. WEC Energy Group had a return on equity of 12.60% and a net margin of 17.75%.WEC Energy Group’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 EPS. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. As a group, equities analysts forecast that WEC Energy Group will post 5.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WEC Energy Group

Large investors have recently bought and sold shares of the business. CVA Family Office LLC grew its stake in shares of WEC Energy Group by 25.4% during the third quarter. CVA Family Office LLC now owns 440 shares of the utilities provider’s stock valued at $50,000 after buying an additional 89 shares during the last quarter. Blossom Wealth Management boosted its holdings in WEC Energy Group by 1.4% during the 3rd quarter. Blossom Wealth Management now owns 6,439 shares of the utilities provider’s stock valued at $738,000 after acquiring an additional 90 shares during the period. Verdence Capital Advisors LLC grew its position in WEC Energy Group by 1.6% in the 2nd quarter. Verdence Capital Advisors LLC now owns 5,712 shares of the utilities provider’s stock valued at $595,000 after acquiring an additional 92 shares during the last quarter. Moors & Cabot Inc. increased its stake in WEC Energy Group by 1.7% in the third quarter. Moors & Cabot Inc. now owns 5,511 shares of the utilities provider’s stock worth $632,000 after purchasing an additional 93 shares during the period. Finally, MTM Investment Management LLC lifted its position in shares of WEC Energy Group by 3.6% during the second quarter. MTM Investment Management LLC now owns 2,720 shares of the utilities provider’s stock worth $283,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Company Profile

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.