KeyCorp Increases WEC Energy Group (NYSE:WEC) Price Target to $108.00

WEC Energy Group (NYSE:WEC) had its target price raised by stock analysts at KeyCorp from $103.00 to $108.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s target price indicates a potential upside of 8.51% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. BMO Capital Markets raised their target price on shares of WEC Energy Group from $91.00 to $93.00 and gave the stock a “market perform” rating in a report on Friday, August 23rd. Barclays increased their price objective on shares of WEC Energy Group from $86.00 to $89.00 and gave the stock an “underweight” rating in a report on Monday, October 7th. Scotiabank raised their price target on shares of WEC Energy Group from $90.00 to $103.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Bank of America increased their price objective on shares of WEC Energy Group from $88.00 to $90.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Finally, Jefferies Financial Group started coverage on WEC Energy Group in a research note on Thursday, September 19th. They set a “hold” rating and a $102.00 price target for the company. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $94.45.

WEC Energy Group Stock Up 0.9 %

Shares of NYSE:WEC opened at $99.53 on Tuesday. WEC Energy Group has a 12-month low of $75.13 and a 12-month high of $100.31. The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 1.37. The firm has a market cap of $31.43 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 2.57 and a beta of 0.44. The company has a fifty day simple moving average of $94.78 and a 200 day simple moving average of $86.43.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.04. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.87 billion. WEC Energy Group had a return on equity of 12.26% and a net margin of 15.85%. WEC Energy Group’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 earnings per share. On average, equities research analysts anticipate that WEC Energy Group will post 4.87 EPS for the current fiscal year.

Insider Transactions at WEC Energy Group

In other news, VP Mary Beth Straka sold 3,240 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $93.04, for a total transaction of $301,449.60. Following the completion of the sale, the vice president now directly owns 3,662 shares of the company’s stock, valued at $340,712.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other WEC Energy Group news, VP William J. Guc sold 6,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $92.99, for a total transaction of $557,940.00. Following the completion of the transaction, the vice president now owns 7,702 shares of the company’s stock, valued at $716,208.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mary Beth Straka sold 3,240 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $93.04, for a total value of $301,449.60. Following the completion of the sale, the vice president now directly owns 3,662 shares in the company, valued at approximately $340,712.48. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,702 shares of company stock valued at $1,078,058. 0.34% of the stock is owned by insiders.

Institutional Trading of WEC Energy Group

Several hedge funds have recently added to or reduced their stakes in WEC. Global X Japan Co. Ltd. increased its position in WEC Energy Group by 58.1% during the second quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 118 shares during the period. Olistico Wealth LLC acquired a new position in WEC Energy Group in the 2nd quarter valued at approximately $29,000. William B. Walkup & Associates Inc. bought a new stake in shares of WEC Energy Group in the 2nd quarter worth approximately $31,000. FinTrust Capital Advisors LLC grew its holdings in shares of WEC Energy Group by 52.6% during the 1st quarter. FinTrust Capital Advisors LLC now owns 412 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 142 shares in the last quarter. Finally, Triad Wealth Partners LLC bought a new stake in shares of WEC Energy Group during the second quarter valued at approximately $36,000. Institutional investors own 77.20% of the company’s stock.

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.