WEC Energy Group (NYSE:WEC) Price Target Raised to $126.00

WEC Energy Group (NYSE:WEC) had its price target lifted by KeyCorp from $117.00 to $126.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an overweight rating on the utilities provider’s stock.

Several other research firms also recently weighed in on WEC. Argus upgraded WEC Energy Group to a “strong-buy” rating in a research report on Monday, February 9th. Mizuho upped their price target on WEC Energy Group from $117.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $121.00 price objective on shares of WEC Energy Group in a research note on Friday, February 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $127.00 price objective on shares of WEC Energy Group in a research report on Friday, January 23rd. Finally, Bank of America set a $116.00 price objective on WEC Energy Group in a research note on Wednesday, December 31st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.67.

WEC Energy Group Stock Down 0.2%

WEC opened at $115.91 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35. WEC Energy Group has a 1-year low of $100.61 and a 1-year high of $118.18. The company has a market capitalization of $37.73 billion, a PE ratio of 24.00, a PEG ratio of 2.79 and a beta of 0.58. The firm’s 50 day simple moving average is $110.97 and its two-hundred day simple moving average is $110.54.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.03. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.19 billion. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The company’s revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.43 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities analysts forecast that WEC Energy Group will post 5.23 EPS for the current year.

Insider Activity

In other WEC Energy Group news, CEO Scott J. Lauber sold 8,089 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $110.70, for a total value of $895,452.30. Following the completion of the sale, the chief executive officer owned 66,801 shares in the company, valued at approximately $7,394,870.70. This represents a 10.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Mary Beth Straka sold 2,815 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $115.50, for a total value of $325,132.50. Following the sale, the vice president directly owned 4,707 shares in the company, valued at approximately $543,658.50. This represents a 37.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 42,354 shares of company stock worth $4,855,505. 0.50% of the stock is currently owned by corporate insiders.

Institutional Trading of WEC Energy Group

Institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC lifted its holdings in WEC Energy Group by 7.8% in the 4th quarter. Hsbc Holdings PLC now owns 579,000 shares of the utilities provider’s stock worth $61,091,000 after purchasing an additional 42,083 shares in the last quarter. Bayban bought a new position in WEC Energy Group in the 4th quarter worth approximately $428,000. Pure Financial Advisors LLC grew its holdings in WEC Energy Group by 3.9% during the 4th quarter. Pure Financial Advisors LLC now owns 2,319 shares of the utilities provider’s stock valued at $245,000 after buying an additional 86 shares in the last quarter. MidFirst Bank purchased a new stake in WEC Energy Group during the 4th quarter valued at approximately $51,000. Finally, Astoria Portfolio Advisors LLC. raised its position in shares of WEC Energy Group by 28.7% during the fourth quarter. Astoria Portfolio Advisors LLC. now owns 2,391 shares of the utilities provider’s stock valued at $277,000 after buying an additional 533 shares during the last quarter. Hedge funds and other 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.