WEC Energy Group, Inc. (NYSE:WEC) Receives $101.88 Average PT from Analysts

Shares of WEC Energy Group, Inc. (NYSE:WEC) have been assigned a consensus rating of “Hold” from the eight analysts that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $101.88.

Several research analysts recently weighed in on the stock. Bank of America upgraded shares of WEC Energy Group from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $90.00 to $98.00 in a research report on Thursday, December 12th. KeyCorp raised their target price on WEC Energy Group from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Scotiabank lifted their price target on WEC Energy Group from $103.00 to $110.00 and gave the stock a “sector outperform” rating in a research note on Monday, December 9th. Barclays upgraded WEC Energy Group from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $89.00 to $93.00 in a report on Thursday, January 2nd. Finally, Wells Fargo & Company upped their target price on shares of WEC Energy Group from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th.

WEC Energy Group Stock Down 0.9 %

Shares of WEC opened at $105.85 on Tuesday. The firm has a market cap of $33.43 billion, a P/E ratio of 21.91, a PEG ratio of 2.60 and a beta of 0.45. WEC Energy Group has a 12 month low of $77.47 and a 12 month high of $110.19. The stock’s 50 day moving average is $102.87 and its two-hundred day moving average is $98.63. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Tuesday, February 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.06). The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.50 billion. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. WEC Energy Group’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 EPS. Analysts predict that WEC Energy Group will post 5.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Ulice Payne, Jr. sold 1,150 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $104.17, for a total value of $119,795.50. Following the completion of the transaction, the director now directly owns 21,951 shares in the company, valued at approximately $2,286,635.67. This represents a 4.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gale E. Klappa sold 25,000 shares of WEC Energy Group stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $108.62, for a total value of $2,715,500.00. Following the completion of the sale, the director now owns 274,955 shares in the company, valued at $29,865,612.10. This represents a 8.33 % decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is owned by company insiders.

Institutional Trading of WEC Energy Group

A number of hedge funds and other institutional investors have recently modified their holdings of WEC. Larson Financial Group LLC lifted its stake in WEC Energy Group by 3,828.6% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 268 shares in the last quarter. Prudent Man Investment Management Inc. acquired a new position in WEC Energy Group during the 4th quarter worth about $28,000. Coastline Trust Co purchased a new position in WEC Energy Group during the 3rd quarter valued at about $29,000. Hoey Investments Inc. acquired a new position in WEC Energy Group in the 4th quarter valued at about $42,000. Finally, Human Investing LLC purchased a new stake in WEC Energy Group during the fourth quarter worth about $52,000. 77.20% of the stock is owned by institutional investors and hedge funds.

WEC Energy Group Company Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.