WEC Energy Group WEC underwent analysis by 7 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 2 | 2 | 3 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 1 | 3 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $86.14, a high estimate of $96.00, and a low estimate of $75.00. This current average represents a 3.21% decrease from the previous average price target of $89.00.
Understanding Analyst Ratings: A Comprehensive Breakdown
The perception of WEC Energy Group by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Sophie Karp | Keybanc | Raises | Overweight | $96.00 | $95.00 |
| Carly Davenport | Goldman Sachs | Announces | Neutral | $88.00 | - |
| Eric Beaumont | Barclays | Lowers | Underweight | $75.00 | $79.00 |
| 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 |
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: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect 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.
To gain a panoramic view of WEC Energy Group's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on WEC Energy Group analyst ratings.
About WEC Energy Group
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.
A Deep Dive into WEC Energy Group's Financials
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: WEC Energy Group's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -13.32%. This indicates a decrease in the company's top-line earnings. When compared to others in the Utilities sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: WEC Energy Group's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 9.85%, the company may face hurdles in effective cost management.
Return on Equity (ROE): WEC Energy Group's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 1.86%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.5%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.6.
The Core of Analyst Ratings: What Every Investor Should Know
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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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