WEC Energy Group, Inc. (NYSE:WEC) Given Average Rating of “Hold” by Brokerages

Shares of WEC Energy Group, Inc. (NYSE:WEC) have received a consensus recommendation of “Hold” from the sixteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $120.6429.

A number of equities analysts recently commented on the stock. Wall Street Zen downgraded shares of WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Wells Fargo & Company started coverage on WEC Energy Group in a report on Monday, October 27th. They issued an “overweight” rating and a $124.00 price target on the stock. BTIG Research upgraded WEC Energy Group to a “strong-buy” rating in a research note on Wednesday, October 22nd. KeyCorp dropped their price objective on WEC Energy Group from $123.00 to $117.00 and set an “overweight” rating on the stock in a research report on Friday, December 12th. Finally, Scotiabank lifted their target price on WEC Energy Group from $129.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, October 31st.

WEC Energy Group Stock Down 0.5%

NYSE:WEC opened at $104.68 on Monday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.50 and a quick ratio of 0.33. WEC Energy Group has a 1-year low of $92.85 and a 1-year high of $118.18. The company has a 50-day moving average of $107.90 and a 200 day moving average of $109.16. The firm has a market cap of $34.05 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 2.47 and a beta of 0.58.

WEC Energy Group (NYSE:WEC) last posted its earnings results on Tuesday, September 2nd. The utilities provider reported $1.43 EPS for the quarter. WEC Energy Group had a net margin of 17.75% and a return on equity of 12.60%. The business had revenue of $2.28 billion for the quarter. WEC Energy Group has set its FY 2025 guidance at 5.170-5.270 EPS. As a group, research analysts anticipate that WEC Energy Group will post 5.23 EPS for the current fiscal year.

WEC Energy Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 13th will be given a $0.9525 dividend. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, February 13th. This is an increase from WEC Energy Group’s previous quarterly dividend of $0.89. WEC Energy Group’s payout ratio is presently 67.49%.

Institutional Investors Weigh In On WEC Energy Group

Several institutional investors have recently bought and sold shares of WEC. Bayforest Capital Ltd acquired a new position in shares of WEC Energy Group during the second quarter worth $26,000. CoreFirst Bank & Trust purchased a new position in WEC Energy Group during the 2nd quarter worth $26,000. Osterweis Capital Management Inc. purchased a new position in WEC Energy Group during the 2nd quarter worth $27,000. New England Capital Financial Advisors LLC increased its position in WEC Energy Group by 265.8% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 278 shares of the utilities provider’s stock valued at $29,000 after buying an additional 202 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its stake in WEC Energy Group by 256.4% in the fourth quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock valued at $29,000 after buying an additional 200 shares during the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

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.