WEC Energy Group, Inc. (NYSE:WEC) Receives $120.64 Average Target Price from Brokerages

WEC Energy Group, Inc. (NYSE:WEC) has earned an average rating of “Hold” from the sixteen analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, five have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $120.7857.

WEC has been the subject of a number of analyst reports. Barclays decreased their price target on WEC Energy Group from $110.00 to $105.00 and set an “underweight” rating for the company in a report on Tuesday, December 16th. Bank of America lowered their price target on shares of WEC Energy Group from $122.00 to $116.00 and set a “neutral” rating for the company in a report on Wednesday, December 31st. JPMorgan Chase & Co. boosted their price objective on shares of WEC Energy Group from $113.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday. BMO Capital Markets upped their price objective on shares of WEC Energy Group from $114.00 to $120.00 and gave the company a “market perform” rating in a research report on Tuesday, October 21st. Finally, Cowen started coverage on WEC Energy Group in a research report on Wednesday, October 15th. They set a “hold” rating on the stock.

Institutional Trading of WEC Energy Group

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

WEC Energy Group Stock Up 0.4%

Shares of WEC Energy Group stock opened at $108.59 on Monday. WEC Energy Group has a twelve month low of $96.37 and a twelve month high of $118.18. The stock has a market cap of $35.32 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 2.56 and a beta of 0.58. The company has a current ratio of 0.50, a quick ratio of 0.33 and a debt-to-equity ratio of 1.29. The company has a fifty day moving average price of $107.43 and a 200 day moving average price of $109.20.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings data on Thursday, October 30th. The utilities provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.81 by $0.02. WEC Energy Group had a return on equity of 12.60% and a net margin of 17.75%.The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the company posted $0.82 earnings per share. The firm’s revenue was up 12.9% compared to the same quarter last year. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. Equities research analysts forecast that WEC Energy Group will post 5.23 earnings per share for the current fiscal year.

WEC Energy Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 13th will be issued a dividend of $0.9525 per share. The ex-dividend date is Friday, February 13th. This represents a $3.81 annualized dividend and a yield of 3.5%. This is a boost from WEC Energy Group’s previous quarterly dividend of $0.89. WEC Energy Group’s dividend payout ratio (DPR) is presently 67.49%.

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.