WEC Energy Group (NYSE:WEC) Given New $108.00 Price Target at KeyCorp

WEC Energy Group (NYSE:WEC - Get Free Report) had its price target raised by analysts at KeyCorp from $103.00 to $108.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an "overweight" rating on the utilities provider's stock. KeyCorp's target price suggests a potential upside of 9.43% from the stock's previous close.

A number of other equities research analysts have also recently weighed in on WEC. Scotiabank lifted their price target on shares of WEC Energy Group from $90.00 to $103.00 and gave the company a "sector outperform" rating in a research report on Tuesday, August 20th. BMO Capital Markets lifted their price target on shares of WEC Energy Group from $91.00 to $93.00 and gave the company a "market perform" rating in a research report on Friday, August 23rd. StockNews.com cut shares of WEC Energy Group from a "hold" rating to a "sell" rating in a research report on Friday, August 9th. Jefferies Financial Group began coverage on shares of WEC Energy Group in a report on Thursday, September 19th. They issued a "hold" rating and a $102.00 price objective for the company. Finally, Wells Fargo & Company lifted their price objective on shares of WEC Energy Group from $103.00 to $106.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $94.45.

WEC Energy Group Trading Down 0.7 %

WEC Energy Group stock traded down $0.74 during midday trading on Tuesday, hitting $98.69. 1,520,427 shares of the stock were exchanged, compared to its average volume of 2,149,285. WEC Energy Group has a fifty-two week low of $75.13 and a fifty-two week high of $100.31. The stock has a market capitalization of $31.17 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 2.57 and a beta of 0.44. The stock's 50-day simple moving average is $94.40 and its 200 day simple moving average is $86.20. The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 1.37.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.04. WEC Energy Group had a net margin of 15.85% and a return on equity of 12.26%. The firm had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same period last year, the business earned $0.92 earnings per share. WEC Energy Group's revenue was down 3.2% compared to the same quarter last year. On average, equities analysts anticipate that WEC Energy Group will post 4.87 EPS for the current year.

Insider Buying and Selling

In related news, VP William J. Guc sold 6,000 shares of the business's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $92.99, for a total value of $557,940.00. Following the sale, the vice president now directly owns 7,702 shares in the company, valued at $716,208.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other WEC Energy Group news, VP Joshua M. Erickson sold 350 shares of the company's stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $89.75, for a total value of $31,412.50. Following the transaction, the vice president now directly owns 2,377 shares in the company, valued at approximately $213,335.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP William J. Guc sold 6,000 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $92.99, for a total transaction of $557,940.00. Following the transaction, the vice president now owns 7,702 shares in the company, valued at approximately $716,208.98. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,702 shares of company stock worth $1,078,058 in the last three months. Corporate insiders own 0.34% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of WEC. Massmutual Trust Co. FSB ADV increased its position in WEC Energy Group by 5.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,248 shares of the utilities provider's stock worth $216,000 after purchasing an additional 111 shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its position in WEC Energy Group by 2.0% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 6,047 shares of the utilities provider's stock worth $474,000 after purchasing an additional 117 shares in the last quarter. Global X Japan Co. Ltd. increased its position in WEC Energy Group by 58.1% during the 2nd quarter. Global X Japan Co. Ltd. now owns 321 shares of the utilities provider's stock worth $25,000 after purchasing an additional 118 shares in the last quarter. Drake & Associates LLC grew its position in WEC Energy Group by 2.0% in the third quarter. Drake & Associates LLC now owns 6,216 shares of the utilities provider's stock valued at $598,000 after acquiring an additional 120 shares in the last quarter. Finally, Park National Corp OH grew its position in WEC Energy Group by 3.4% in the third quarter. Park National Corp OH now owns 3,964 shares of the utilities provider's stock valued at $381,000 after acquiring an additional 130 shares in the last quarter. 77.20% of the stock is currently 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.