Ratings for WEC Energy Group WEC were provided by 10 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 2 | 2 | 4 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 2 | 0 |
| 2M Ago | 1 | 1 | 0 | 1 | 0 |
| 3M Ago | 1 | 0 | 1 | 1 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $86.6, along with a high estimate of $95.00 and a low estimate of $78.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 3.35%.
Decoding Analyst Ratings: A Detailed Look
An in-depth analysis of recent analyst actions unveils how financial experts perceive WEC Energy Group. The following summary 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 |
|---|---|---|---|---|---|
| Shelby Tucker | RBC Capital | Lowers | Sector Perform | $90.00 | $95.00 |
| Neil Kalton | Wells Fargo | Lowers | Overweight | $91.00 | $93.00 |
| Jeremy Tonet | JP Morgan | Lowers | Underweight | $84.00 | $90.00 |
| Eric Beaumont | Barclays | Lowers | Underweight | $79.00 | $82.00 |
| Julien Dumoulin-Smith | B of A Securities | Lowers | Underperform | $78.00 | $84.00 |
| Sophie Karp | Keybanc | Raises | Overweight | $95.00 | $94.00 |
| Anthony Crowdell | Mizuho | Lowers | Buy | $86.00 | $88.00 |
| Eric Beaumont | Barclays | Raises | Underweight | $82.00 | $81.00 |
| Jeremy Metz | JP Morgan | Raises | Neutral | $93.00 | $91.00 |
| Anthony Crowdell | Mizuho | Lowers | Buy | $88.00 | $98.00 |
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: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of WEC Energy Group compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for WEC Energy Group's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of WEC Energy Group's market position. Stay informed and make data-driven decisions with the assistance of 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 49% electric generation and distribution, 36% gas distribution, 10% electric transmission, and 5% unregulated renewable energy.
WEC Energy Group: Financial Performance Dissected
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Decline in Revenue: Over the 3 months period, WEC Energy Group faced challenges, resulting in a decline of approximately -2.28% in revenue growth as of 30 September, 2023. This signifies a reduction in the company's top-line earnings. When compared to others in the Utilities sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 16.14%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.7%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): WEC Energy Group's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.73%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.55.
Analyst Ratings: What Are They?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
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.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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