WEC Energy Group (NYSE:WEC) Stock Price Expected to Rise, KeyCorp Analyst Says

WEC Energy Group (NYSE:WEC) had its price objective lifted by KeyCorp from $117.00 to $126.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s target price would indicate a potential upside of 8.46% from the company’s previous close.

Several other brokerages also recently commented on WEC. JPMorgan Chase & Co. upped their price objective on shares of WEC Energy Group from $113.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Argus upgraded WEC Energy Group to a “strong-buy” rating in a report on Monday, February 9th. Mizuho increased their price objective on WEC Energy Group from $117.00 to $121.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. UBS Group cut their price objective on WEC Energy Group from $119.00 to $115.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Finally, Jefferies Financial Group decreased their target price on WEC Energy Group from $124.00 to $121.00 and set a “hold” rating for the company in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, WEC Energy Group currently has an average rating of “Moderate Buy” and an average target price of $120.67.

WEC Energy Group Stock Performance

NYSE WEC opened at $116.17 on Wednesday. The company has a 50-day simple moving average of $110.76 and a two-hundred day simple moving average of $110.47. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 1.35. WEC Energy Group has a 12-month low of $100.61 and a 12-month high of $118.18. The firm has a market cap of $37.82 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 2.82 and a beta of 0.58.

WEC Energy Group (NYSE:WEC) last released 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 return on equity of 12.40% and a net margin of 15.90%.The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the company posted $1.43 EPS. WEC Energy Group’s revenue for the quarter 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. On average, equities analysts forecast that WEC Energy Group will post 5.23 EPS for the current year.

Insider Activity

In other news, VP Mary Beth Straka sold 2,815 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $115.50, for a total value of $325,132.50. Following the completion of the sale, the vice president directly owned 4,707 shares of the company’s stock, valued at $543,658.50. This trade represents a 37.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Scott J. Lauber sold 8,089 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $110.70, for a total transaction of $895,452.30. Following the completion of the sale, the chief executive officer owned 66,801 shares of the company’s stock, valued at $7,394,870.70. This trade represents a 10.80% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 42,354 shares of company stock worth $4,855,505. 0.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On WEC Energy Group

Several hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. lifted its stake in WEC Energy Group by 175.0% in the fourth quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock worth $354,093,000 after acquiring an additional 2,136,542 shares during the period. Vanguard Group Inc. raised its holdings in shares of WEC Energy Group by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock valued at $4,334,401,000 after purchasing an additional 819,627 shares in the last quarter. Freestone Grove Partners LP lifted its position in shares of WEC Energy Group by 30,697.3% in the 3rd quarter. Freestone Grove Partners LP now owns 620,565 shares of the utilities provider’s stock worth $71,111,000 after purchasing an additional 618,550 shares during the period. Balyasny Asset Management L.P. boosted its stake in shares of WEC Energy Group by 324.1% during the second quarter. Balyasny Asset Management L.P. now owns 774,679 shares of the utilities provider’s stock valued at $80,722,000 after purchasing an additional 592,028 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of WEC Energy Group by 160.6% during the second quarter. Marshall Wace LLP now owns 943,962 shares of the utilities provider’s stock valued at $98,361,000 after purchasing an additional 581,748 shares in the last quarter. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

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.