WEC Energy Group (NYSE:WEC) Price Target Increased to $103.00 by Analysts at UBS Group

WEC Energy Group (NYSE:WECGet Rating) had its target price boosted by UBS Group to $103.00 in a report published on Monday morning, Stock Target Advisor reports.

A number of other equities research analysts have also recently weighed in on the company. Wells Fargo & Company dropped their price target on WEC Energy Group from $114.00 to $100.00 and set an overweight rating for the company in a report on Wednesday, October 19th. Credit Suisse Group lifted their price target on WEC Energy Group from $89.00 to $93.00 and gave the company an underperform rating in a report on Thursday, November 3rd. BMO Capital Markets increased their price objective on shares of WEC Energy Group from $88.00 to $93.00 in a report on Wednesday, November 2nd. TheStreet cut shares of WEC Energy Group from a b rating to a c+ rating in a research note on Tuesday, November 1st. Finally, Guggenheim dropped their price objective on shares of WEC Energy Group from $104.00 to $95.00 in a research report on Monday, October 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $97.45.

WEC Energy Group Stock Performance

NYSE WEC opened at $98.07 on Monday. WEC Energy Group has a 1-year low of $80.82 and a 1-year high of $108.39. The company has a 50 day moving average of $91.89 and a 200-day moving average of $98.47. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 1.29. The firm has a market cap of $30.93 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 3.62 and a beta of 0.35.

WEC Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 14th will be paid a dividend of $0.7275 per share. The ex-dividend date is Thursday, November 10th. This represents a $2.91 dividend on an annualized basis and a dividend yield of 2.97%. WEC Energy Group’s dividend payout ratio (DPR) is presently 66.59%.

Insider Buying and Selling at WEC Energy Group

In related news, Director Glen E. Tellock bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The stock was bought at an average cost of $91.39 per share, for a total transaction of $91,390.00. Following the transaction, the director now owns 1,000 shares of the company’s stock, valued at $91,390. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On WEC Energy Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Toroso Investments LLC raised its position in shares of WEC Energy Group by 41.3% during the third quarter. Toroso Investments LLC now owns 5,200 shares of the utilities provider’s stock worth $465,000 after purchasing an additional 1,520 shares during the period. Continental Investors Services Inc. bought a new stake in WEC Energy Group during the 3rd quarter worth approximately $458,000. IHT Wealth Management LLC raised its holdings in WEC Energy Group by 35.9% during the 3rd quarter. IHT Wealth Management LLC now owns 4,502 shares of the utilities provider’s stock worth $403,000 after buying an additional 1,190 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in WEC Energy Group by 176.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 9,067 shares of the utilities provider’s stock valued at $812,000 after buying an additional 5,792 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in shares of WEC Energy Group in the third quarter valued at approximately $2,631,000. 75.03% of the stock is owned by institutional investors.

About WEC Energy Group

(Get Rating)

WEC Energy Group, Inc, through its subsidiaries, provides regulated natural gas and electricity, and renewable 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.

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Analyst Recommendations for WEC Energy Group (NYSE:WEC)

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