In the latest quarter, 14 analysts provided ratings for WEC Energy Group WEC, showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 6 | 4 | 4 | 0 |
| Last 30D | 0 | 0 | 0 | 1 | 0 |
| 1M Ago | 0 | 2 | 1 | 0 | 0 |
| 2M Ago | 0 | 2 | 1 | 1 | 0 |
| 3M Ago | 0 | 2 | 2 | 2 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $94.14, with a high estimate of $103.00 and a low estimate of $80.00. Witnessing a positive shift, the current average has risen by 4.6% from the previous average price target of $90.00.
Interpreting Analyst Ratings: A Closer Look
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 |
|---|---|---|---|---|---|
| Eric Beaumont | Barclays | Raises | Underweight | $89.00 | $86.00 |
| Sophie Karp | Keybanc | Raises | Overweight | $103.00 | $98.00 |
| Julien Dumoulin-Smith | Jefferies | Announces | Hold | $102.00 | - |
| Sophie Karp | Keybanc | Raises | Overweight | $98.00 | $95.00 |
| Julien Dumoulin-Smith | B of A Securities | Raises | Underperform | $90.00 | $88.00 |
| James Thalacker | BMO Capital | Raises | Market Perform | $93.00 | $91.00 |
| Neil Kalton | Wells Fargo | Raises | Overweight | $103.00 | $98.00 |
| Andrew Weisel | Scotiabank | Raises | Sector Outperform | $103.00 | $90.00 |
| Eric Beaumont | Barclays | Raises | Underweight | $86.00 | $80.00 |
| James Thalacker | BMO Capital | Raises | Market Perform | $91.00 | $87.00 |
| Neil Kalton | Wells Fargo | Raises | Overweight | $98.00 | $93.00 |
| Sophie Karp | Keybanc | Lowers | Overweight | $95.00 | $96.00 |
| James Thalacker | BMO Capital | Lowers | Market Perform | $87.00 | $90.00 |
| Eric Beaumont | Barclays | Raises | Underweight | $80.00 | $78.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to WEC Energy Group. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide 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: Analysts navigate through adjustments in price targets, providing estimates for WEC Energy Group's future value. Comparing current and prior targets offers insights into analysts' evolving 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.
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.
Breaking Down WEC Energy Group's Financial Performance
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Decline in Revenue: Over the 3 months period, WEC Energy Group faced challenges, resulting in a decline of approximately -3.17% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Utilities sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 11.92%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): WEC Energy Group's ROE stands out, surpassing industry averages. With an impressive ROE of 1.75%, the company demonstrates effective use of equity capital and strong financial performance.
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 0.48%, 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 1.56.
Analyst Ratings: Simplified
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
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.
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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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