Argus Upgrades WEC Energy Group (NYSE:WEC) to “Strong-Buy”

WEC Energy Group (NYSE:WEC) was upgraded by analysts at Argus to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

WEC has been the topic of a number of other reports. Scotiabank raised their price objective on WEC Energy Group from $129.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, October 31st. KeyCorp reaffirmed an “overweight” rating on shares of WEC Energy Group in a research note on Friday, January 16th. JPMorgan Chase & Co. lifted their price target on shares of WEC Energy Group from $113.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Jefferies Financial Group lowered their price objective on shares of WEC Energy Group from $124.00 to $121.00 and set a “hold” rating for the company in a report on Wednesday, January 28th. Finally, Wells Fargo & Company cut their price objective on shares of WEC Energy Group from $124.00 to $117.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, WEC Energy Group presently has a consensus rating of “Moderate Buy” and an average price target of $120.13.

WEC Energy Group Stock Performance

Shares of WEC opened at $112.95 on Monday. WEC Energy Group has a 12-month low of $100.20 and a 12-month high of $118.18. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35. The company has a market cap of $36.74 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 2.68 and a beta of 0.58. The stock has a 50-day moving average price of $107.20 and a 200-day moving average price of $109.77.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period last year, the firm posted $1.43 earnings per share. WEC Energy Group’s quarterly revenue was down 8.8% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, equities analysts forecast that WEC Energy Group will post 5.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WEC Energy Group

Several institutional investors have recently added to or reduced their stakes in WEC. Cibc World Market Inc. bought a new position in shares of WEC Energy Group during the fourth quarter valued at about $483,000. Lido Advisors LLC grew its stake in shares of WEC Energy Group by 2.6% in the fourth quarter. Lido Advisors LLC now owns 20,994 shares of the utilities provider’s stock worth $2,380,000 after purchasing an additional 525 shares during the last quarter. Avestar Capital LLC increased its holdings in WEC Energy Group by 57.9% during the 4th quarter. Avestar Capital LLC now owns 3,203 shares of the utilities provider’s stock valued at $338,000 after purchasing an additional 1,175 shares during the period. Phillips Wealth Planners LLC raised its position in WEC Energy Group by 8.0% during the 4th quarter. Phillips Wealth Planners LLC now owns 3,617 shares of the utilities provider’s stock valued at $396,000 after purchasing an additional 269 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in WEC Energy Group by 18.3% during the 4th quarter. CIBC Asset Management Inc now owns 194,119 shares of the utilities provider’s stock valued at $20,472,000 after purchasing an additional 30,014 shares during the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

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.