JPMorgan Chase & Co. Issues Positive Forecast for WEC Energy Group (NYSE:WEC) Stock Price

WEC Energy Group (NYSE:WEC) had its target price lifted by JPMorgan Chase & Co. from $120.00 to $124.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the utilities provider’s stock.

A number of other research firms have also weighed in on WEC. Truist Financial boosted their target price on shares of WEC Energy Group from $119.00 to $122.00 and gave the stock a “hold” rating in a research report on Thursday. Barclays raised their price target on WEC Energy Group from $111.00 to $117.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. Wall Street Zen lowered WEC Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Weiss Ratings reissued a “buy (b)” rating on shares of WEC Energy Group in a research report on Friday, June 26th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $127.00 target price on shares of WEC Energy Group in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $124.07.

WEC Energy Group Trading Up 1.1%

NYSE:WEC opened at $114.27 on Thursday. The company’s 50 day moving average is $113.59 and its 200-day moving average is $113.22. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 1.36. WEC Energy Group has a 12 month low of $102.95 and a 12 month high of $119.91. The firm has a market cap of $37.22 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 2.72 and a beta of 0.47.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.15. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the prior year, the firm earned $2.27 EPS. WEC Energy Group’s quarterly revenue was up 9.0% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities analysts anticipate that WEC Energy Group will post 5.59 EPS for the current year.

Insider Buying and Selling

In other WEC Energy Group news, EVP Daniel Krueger sold 4,665 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $110.96, for a total value of $517,628.40. Following the completion of the sale, the executive vice president directly owned 7,346 shares of the company’s stock, valued at $815,112.16. This represents a 38.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is currently owned by insiders.

Institutional Trading of WEC Energy Group

Several hedge funds and other institutional investors have recently bought and sold shares of WEC. Vanguard Group Inc. lifted its stake in shares of WEC Energy Group by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock valued at $4,334,401,000 after buying an additional 819,627 shares during the period. Geode Capital Management LLC increased its stake in WEC Energy Group by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 8,838,003 shares of the utilities provider’s stock valued at $928,653,000 after acquiring an additional 88,557 shares during the period. Charles Schwab Investment Management Inc. increased its stake in WEC Energy Group by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,336,861 shares of the utilities provider’s stock valued at $562,826,000 after acquiring an additional 52,467 shares during the period. Northern Trust Corp raised its holdings in WEC Energy Group by 1.4% in the 4th quarter. Northern Trust Corp now owns 3,641,145 shares of the utilities provider’s stock valued at $383,995,000 after acquiring an additional 48,903 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in WEC Energy Group by 175.0% in the 4th quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock valued at $354,093,000 after acquiring an additional 2,136,542 shares in 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.