WEC Energy Group (NYSE:WEC – Get Free Report) had its price target cut by investment analysts at KeyCorp from $96.00 to $95.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price objective would suggest a potential upside of 16.21% from the stock’s previous close.
A number of other research firms also recently commented on WEC. BMO Capital Markets cut their target price on shares of WEC Energy Group from $90.00 to $87.00 and set a “market perform” rating on the stock in a research report on Monday. Scotiabank cut their target price on shares of WEC Energy Group from $96.00 to $90.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. StockNews.com raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. Barclays raised their target price on shares of WEC Energy Group from $78.00 to $80.00 and gave the company an “underweight” rating in a research report on Monday. Finally, The Goldman Sachs Group initiated coverage on shares of WEC Energy Group in a report on Wednesday, April 10th. They issued a “neutral” rating and a $88.00 price target on the stock. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $86.00.
View Our Latest Research Report on WEC Energy Group
WEC Energy Group Trading Down 0.3 %
WEC Energy Group (NYSE:WEC – Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $1.97 EPS for the quarter, topping the consensus estimate of $1.90 by $0.07. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.92 billion. WEC Energy Group had a net margin of 16.67% and a return on equity of 13.01%. The firm’s revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.61 EPS. On average, research analysts anticipate that WEC Energy Group will post 4.88 EPS for the current year.
Institutional Investors Weigh In On WEC Energy Group
Hedge funds have recently modified their holdings of the company. Northwest Bank & Trust Co purchased a new stake in shares of WEC Energy Group during the 4th quarter worth about $25,000. Opal Wealth Advisors LLC purchased a new position in WEC Energy Group in the 1st quarter valued at about $25,000. Tennessee Valley Asset Management Partners purchased a new position in WEC Energy Group in the 4th quarter valued at about $26,000. Olistico Wealth LLC purchased a new position in WEC Energy Group in the 2nd quarter valued at about $29,000. Finally, First United Bank & Trust purchased a new position in WEC Energy Group in the 4th quarter valued at about $30,000. 77.20% of the stock is owned by hedge funds and other institutional investors.
About WEC Energy Group
WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.
See Also
- Five stocks we like better than WEC Energy Group
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- ScottsMiracle-Gro Stock Blooms After Investor Day Optimism
- Why Invest in High-Yield Dividend Stocks?
- Leading Beverage Company’s Stock Bubbles Higher: Rally Ahead
- Compound Interest and Why It Matters When Investing
- Can This Meme Stock Stage One Last Rally?
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.