Barclays Issues Positive Forecast for WEC Energy Group (NYSE:WEC) Stock Price

WEC Energy Group (NYSE:WEC) had its price target upped by Barclays from $110.00 to $111.00 in a report released on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the utilities provider’s stock.

Several other equities analysts have also recently weighed in on WEC. BTIG Research reissued a “buy” rating and issued a $135.00 target price on shares of WEC Energy Group in a research note on Friday, January 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of WEC Energy Group in a research report on Monday, December 29th. BMO Capital Markets reiterated a “market perform” rating and issued a $121.00 price target on shares of WEC Energy Group in a research note on Friday, February 6th. Bank of America set a $116.00 price objective on shares of WEC Energy Group in a research note on Wednesday, December 31st. Finally, UBS Group dropped their target price on shares of WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.73.

WEC Energy Group Price Performance

NYSE:WEC opened at $113.02 on Tuesday. WEC Energy Group has a 52-week low of $100.61 and a 52-week high of $118.53. The company has a market cap of $36.79 billion, a P/E ratio of 23.40, a P/E/G ratio of 2.69 and a beta of 0.58. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.59. The stock’s 50-day simple moving average is $113.24 and its 200 day simple moving average is $111.23.

WEC Energy Group (NYSE:WEC) last posted its quarterly 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. The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.19 billion. WEC Energy Group had a return on equity of 12.40% and a net margin of 15.90%.The business’s revenue was down 8.8% compared to the same quarter last year. During the same period last year, the company earned $1.43 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, sell-side analysts forecast that WEC Energy Group will post 5.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other WEC Energy Group news, CEO Scott J. Lauber sold 8,089 shares of WEC Energy Group stock in a transaction on Monday, February 9th. The shares were sold at an average price of $110.70, for a total transaction of $895,452.30. Following the completion of the transaction, the chief executive officer directly owned 66,801 shares of the company’s stock, valued at $7,394,870.70. The trade was a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Mary Beth Straka sold 2,815 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $115.50, for a total transaction of $325,132.50. Following the completion of the transaction, the vice president owned 4,707 shares in the company, valued at approximately $543,658.50. This represents a 37.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 42,354 shares of company stock worth $4,855,505. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Godfrey Financial Associates Inc. acquired a new stake in WEC Energy Group during the fourth quarter worth approximately $25,000. CoreFirst Bank & Trust acquired a new position in shares of WEC Energy Group in the second quarter valued at approximately $26,000. Torren Management LLC acquired a new position in shares of WEC Energy Group in the fourth quarter valued at approximately $26,000. Osterweis Capital Management Inc. bought a new position in shares of WEC Energy Group during the second quarter worth approximately $27,000. Finally, Harbor Investment Advisory LLC increased its stake in shares of WEC Energy Group by 256.4% during the fourth quarter. Harbor Investment Advisory LLC now owns 278 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds 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.