WEC Energy Group (NYSE:WEC) Price Target Raised to $103.00 at UBS Group

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

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

WEC Energy Group Trading Up 1.1 %

Shares of WEC Energy Group stock opened at $96.73 on Monday. WEC Energy Group has a 52-week low of $80.82 and a 52-week high of $108.39. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 1.29. The company’s 50-day simple moving average is $92.15 and its 200-day simple moving average is $98.50. The firm has a market cap of $30.51 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 3.54 and a beta of 0.35.

WEC Energy Group Dividend Announcement

The company 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. This represents a $2.91 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Thursday, November 10th. WEC Energy Group’s payout ratio is 66.59%.

Insider Activity at WEC Energy Group

In other news, Director Glen E. Tellock acquired 1,000 shares of WEC Energy Group stock in a transaction that occurred on Tuesday, November 8th. The shares were acquired at an average price of $91.39 per share, with a total value of $91,390.00. Following the completion of the purchase, the director now owns 1,000 shares of the company’s stock, valued at approximately $91,390. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On WEC Energy Group

Institutional investors and hedge funds have recently modified their holdings of the company. CoreFirst Bank & Trust purchased a new position in WEC Energy Group during the second quarter worth approximately $25,000. Princeton Global Asset Management LLC raised its stake in WEC Energy Group by 150.0% during the first quarter. Princeton Global Asset Management LLC now owns 250 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 150 shares during the period. Brown Brothers Harriman & Co. raised its stake in WEC Energy Group by 142.7% during the second quarter. Brown Brothers Harriman & Co. now owns 250 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 147 shares during the period. CoreCap Advisors LLC purchased a new position in WEC Energy Group during the second quarter worth approximately $26,000. Finally, Achmea Investment Management B.V. purchased a new position in WEC Energy Group during the first quarter worth approximately $27,000. Hedge funds and other institutional investors own 75.03% of the company’s stock.

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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