Equities researchers at StockNews.com started coverage on shares of WEC Energy Group (NYSE:WEC – Get Rating) in a report released on Thursday. The brokerage set a “hold” rating on the utilities provider’s stock.
WEC has been the topic of several other research reports. UBS Group increased their price target on WEC Energy Group to $103.00 in a report on Monday, November 21st. TheStreet raised WEC Energy Group from a “c+” rating to a “b-” rating in a research report on Tuesday, December 13th. Wells Fargo & Company cut their price objective on WEC Energy Group from $109.00 to $106.00 and set an “overweight” rating on the stock in a research report on Friday, February 3rd. Finally, BMO Capital Markets upped their price objective on WEC Energy Group from $93.00 to $100.00 in a research report on Monday, December 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $98.78.
WEC Energy Group Stock Up 2.4 %
Shares of WEC opened at $94.69 on Thursday. The business’s 50 day simple moving average is $92.42 and its 200-day simple moving average is $94.08. WEC Energy Group has a 1 year low of $80.82 and a 1 year high of $108.39. The stock has a market capitalization of $29.87 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 3.26 and a beta of 0.38. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.69 and a quick ratio of 0.52.
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 WEC. Texas Permanent School Fund boosted its position in WEC Energy Group by 7.1% during the third quarter. Texas Permanent School Fund now owns 44,632 shares of the utilities provider’s stock valued at $3,991,000 after purchasing an additional 2,968 shares in the last quarter. Inspire Investing LLC boosted its position in WEC Energy Group by 4.7% during the third quarter. Inspire Investing LLC now owns 6,492 shares of the utilities provider’s stock valued at $581,000 after purchasing an additional 292 shares in the last quarter. Wipfli Financial Advisors LLC bought a new stake in WEC Energy Group during the third quarter valued at about $911,000. IFG Advisory LLC bought a new stake in WEC Energy Group during the third quarter valued at about $353,000. Finally, Lord Abbett & CO. LLC bought a new stake in WEC Energy Group during the third quarter valued at about $31,301,000. Institutional investors own 74.05% of the company’s stock.
WEC Energy Group Company Profile
WEC Energy Group, Inc is a holding company, which engages in the generation and distribution of electricity and natural gas. It operates through the following segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure and Corporate & Other. The Wisconsin segment refers to the electric and gas utility operations.
- Get a free copy of the StockNews.com research report on WEC Energy Group (WEC)
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