WEC Energy Group Inc (NYSE:WEC) has earned an average rating of “Hold” from the twelve brokerages that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $86.22.

WEC has been the subject of several analyst reports. Wells Fargo & Co lowered their target price on WEC Energy Group from $103.00 to $97.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 5th. Barclays lowered their target price on WEC Energy Group from $97.00 to $74.00 and set an “underweight” rating for the company in a research report on Thursday, March 26th. JPMorgan Chase & Co. lowered their target price on WEC Energy Group from $95.00 to $87.00 and set a “neutral” rating for the company in a research report on Wednesday, May 27th. UBS Group lowered their price objective on WEC Energy Group from $93.00 to $91.00 and set a “neutral” rating for the company in a research report on Monday, June 22nd. Finally, Cfra lowered their price objective on WEC Energy Group from $87.00 to $77.00 and set a “strong sell” rating for the company in a research report on Tuesday, May 5th.

Shares of WEC traded up $0.84 during trading hours on Friday, reaching $90.17. The stock had a trading volume of 979,909 shares, compared to its average volume of 1,731,231. The stock has a market capitalization of $28.44 billion, a PE ratio of 24.50, a PEG ratio of 4.09 and a beta of 0.17. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.51 and a current ratio of 0.65. WEC Energy Group has a 12 month low of $68.01 and a 12 month high of $109.53. The company’s 50-day moving average is $88.85 and its two-hundred day moving average is $93.01.

WEC Energy Group (NYSE:WEC) last announced its earnings results on Monday, May 4th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.11. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.43 billion. WEC Energy Group had a return on equity of 11.40% and a net margin of 16.09%. WEC Energy Group’s revenue for the quarter was down 11.3% compared to the same quarter last year. During the same period last year, the company earned $1.33 EPS. Equities analysts anticipate that WEC Energy Group will post 3.73 earnings per share for the current fiscal year.

In other news, Director Ulice Payne, Jr. sold 1,200 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $87.31, for a total value of $104,772.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.31% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp grew its stake in shares of WEC Energy Group by 2.0% in the 1st quarter. State Street Corp now owns 18,076,710 shares of the utilities provider’s stock valued at $1,593,100,000 after buying an additional 356,268 shares during the period. Skandinaviska Enskilda Banken AB publ grew its stake in shares of WEC Energy Group by 8.0% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 41,152 shares of the utilities provider’s stock valued at $3,627,000 after buying an additional 3,065 shares during the period. Optimal Asset Management Inc. grew its stake in shares of WEC Energy Group by 163.7% in the 1st quarter. Optimal Asset Management Inc. now owns 33,111 shares of the utilities provider’s stock valued at $2,918,000 after buying an additional 20,554 shares during the period. State of Tennessee Treasury Department grew its stake in shares of WEC Energy Group by 17.4% in the 1st quarter. State of Tennessee Treasury Department now owns 148,393 shares of the utilities provider’s stock valued at $13,078,000 after buying an additional 22,030 shares during the period. Finally, National Pension Service grew its stake in shares of WEC Energy Group by 1.0% in the 1st quarter. National Pension Service now owns 415,171 shares of the utilities provider’s stock valued at $36,589,000 after buying an additional 4,081 shares during the period. Institutional investors own 74.22% of the company’s stock.

WEC Energy Group Company Profile

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other.

Read More: What is a Real Estate Investment Trust (REIT)?

Analyst Recommendations for WEC Energy Group (NYSE:WEC)

Receive News & Ratings for WEC Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEC Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.