Deep Dive Into WEC Energy Group Stock: Analyst Perspectives (9 Ratings)

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Across the recent three months, 9 analysts have shared their insights on WEC Energy Group WEC, expressing a variety of opinions spanning from bullish to bearish.

Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 0 4 3 2 0
Last 30D 0 0 1 0 0
1M Ago 0 2 1 0 0
2M Ago 0 0 1 0 0
3M Ago 0 2 0 2 0

Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $100.67, along with a high estimate of $110.00 and a low estimate of $89.00. This current average has increased by 4.74% from the previous average price target of $96.11.

price target chart

Analyzing Analyst Ratings: A Detailed Breakdown

The standing of WEC Energy Group among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Nicholas Campanella Barclays Raises Equal-Weight $93.00 $89.00
Julien Dumoulin-Smith B of A Securities Raises Neutral $98.00 $90.00
Andrew Weisel Scotiabank Raises Sector Outperform $110.00 $103.00
Sophie Karp Keybanc Raises Overweight $109.00 $108.00
James Thalacker BMO Capital Raises Market Perform $104.00 $97.00
Sophie Karp Keybanc Raises Overweight $108.00 $103.00
Neil Kalton Wells Fargo Raises Overweight $106.00 $103.00
Eric Beaumont Barclays Raises Underweight $89.00 $86.00
Eric Beaumont Barclays Raises Underweight $89.00 $86.00

Key Insights:

  • Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to WEC Energy Group. This information offers a snapshot of how analysts perceive the current state of the company.
  • Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of WEC Energy Group compared to the broader market.
  • Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of WEC Energy Group's stock. This comparison reveals trends in analysts' expectations over time.

For valuable insights into WEC Energy Group's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on WEC Energy Group analyst ratings.

Discovering WEC Energy Group: A Closer Look

WEC Energy Group's electric and gas utility businesses serve electric and gas customers in Illinois, Michigan, Minnesota, and Wisconsin service territories. The company also owns a 60% stake in American Transmission Co. WEC's asset mix is approximately 48% electric generation and distribution, 36% gas distribution, 10% electric transmission, and 6% unregulated renewable energy.

WEC Energy Group: Delving into Financials

Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.

Revenue Challenges: WEC Energy Group's revenue growth over 3 months faced difficulties. As of 30 September, 2024, the company experienced a decline of approximately -4.8%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Utilities sector.

Net Margin: WEC Energy Group's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 12.88%, the company showcases strong profitability and effective cost management.

Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 1.99%, the company may need to address challenges in generating satisfactory returns for shareholders.

Return on Assets (ROA): WEC Energy Group's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.53%, the company may face hurdles in achieving optimal financial returns.

Debt Management: WEC Energy Group's debt-to-equity ratio is below the industry average at 1.6, reflecting a lower dependency on debt financing and a more conservative financial approach.

The Significance of Analyst Ratings Explained

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

Which Stocks Are Analysts Recommending Now?

Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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