Shares of WEC Energy Group, Inc. (NYSE:WEC – Get Free Report) have received an average recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $101.88.
A number of equities research analysts have issued reports on WEC shares. Bank of America upgraded WEC Energy Group from an “underperform” rating to a “neutral” rating and raised their target price for the company from $90.00 to $98.00 in a research note on Thursday, December 12th. Wells Fargo & Company raised their target price on WEC Energy Group from $112.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. 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 note on Wednesday, December 4th. BMO Capital Markets raised their target price on WEC Energy Group from $95.00 to $100.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. Finally, Barclays upgraded WEC Energy Group from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $89.00 to $93.00 in a research note on Thursday, January 2nd.
Check Out Our Latest Stock Report on WEC Energy Group
Insider Buying and Selling
Institutional Investors Weigh In On WEC Energy Group
Several large investors have recently made changes to their positions in the company. Annex Advisory Services LLC lifted its holdings in WEC Energy Group by 6.5% in the 4th quarter. Annex Advisory Services LLC now owns 110,644 shares of the utilities provider’s stock worth $10,405,000 after purchasing an additional 6,785 shares during the last quarter. Matrix Trust Co acquired a new stake in WEC Energy Group in the 4th quarter worth approximately $1,538,000. DRW Securities LLC acquired a new stake in WEC Energy Group in the 3rd quarter worth approximately $1,392,000. Motley Fool Wealth Management LLC lifted its holdings in shares of WEC Energy Group by 51.0% during the third quarter. Motley Fool Wealth Management LLC now owns 29,978 shares of the utilities provider’s stock worth $2,883,000 after buying an additional 10,126 shares during the last quarter. Finally, Gateway Investment Advisers LLC lifted its holdings in shares of WEC Energy Group by 20.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 453,945 shares of the utilities provider’s stock worth $42,689,000 after buying an additional 78,580 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.
WEC Energy Group Stock Performance
WEC Energy Group stock opened at $107.12 on Tuesday. The stock has a market cap of $33.83 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 2.60 and a beta of 0.45. The company has a current ratio of 0.60, a quick ratio of 0.43 and a debt-to-equity ratio of 1.37. The stock has a 50 day moving average of $101.55 and a 200-day moving average of $98.16. WEC Energy Group has a 52 week low of $77.47 and a 52 week high of $110.19.
WEC Energy Group (NYSE:WEC – Get Free Report) last released its earnings results on Tuesday, February 4th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.06). WEC Energy Group had a net margin of 17.75% and a return on equity of 12.39%. The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter last year, the company posted $1.10 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts expect that WEC Energy Group will post 5.23 EPS for the current fiscal year.
About WEC Energy Group
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.
Read More
- Five stocks we like better than WEC Energy Group
- Comparing and Trading High PE Ratio Stocks
- Can TikTok Stock Picks Really Make You Rich?
- 3 Ways To Invest In Coffee, Other Than Drinking It
- The “Quality” Rotation: Back to Basics Investing
- Investing in the High PE Growth Stocks
- Occidental Petroleum: 4 Reasons to Love These Prices
Receive News & Ratings for WEC Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEC Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.