KeyBanc Reaffirms Their Buy Rating on WEC Energy Group (WEC)
In a report released today, Sophie Karp from KeyBanc maintained a Buy rating on WEC Energy Group, with a price target of $117.00.
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According to TipRanks, Karp is a 4-star analyst with an average return of 5.2% and a 56.07% success rate. Karp covers the Utilities sector, focusing on stocks such as Ameren, Xcel Energy, and WEC Energy Group.
In addition to KeyBanc, WEC Energy Group also received a Buy from J.P. Morgan’s Jeremy Tonet in a report issued yesterday. However, on December 9, TR | OpenAI – 4o reiterated a Hold rating on WEC Energy Group (NYSE: WEC).
Based on WEC Energy Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.1 billion and a net profit of $271.3 million. In comparison, last year the company earned a revenue of $1.86 billion and had a net profit of $240.4 million
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WEC in relation to earlier this year. Last month, Joshua M Erickson, the VP and Deputy GC of WEC sold 100.00 shares for a total of $11,246.00.
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