WEC Energy Group (NYSE:WEC – Free Report) had its target price boosted by Wells Fargo & Company from $127.00 to $129.00 in a research report released on Friday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the utilities provider’s stock.
Several other equities analysts have also recently weighed in on WEC. HSBC assumed coverage on shares of WEC Energy Group in a research note on Thursday, October 22nd. They issued a “hold” rating and a $106.50 price objective on the stock. Wall Street Zen raised WEC Energy Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 22nd. Royal Bank Of Canada cut their target price on WEC Energy Group from $124.00 to $122.00 and set a “sector perform” rating on the stock in a research report on Monday, October 26th. KeyCorp cut their price target on WEC Energy Group from $117.00 to $111.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 13th. Finally, UBS Group upped their price objective on WEC Energy Group from $122.00 to $131.00 in a research report on Monday, July 6th. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $118.00.
Check Out Our Latest Research Report on WEC Energy Group
WEC Energy Group Price Performance
Shares of NYSE WEC opened at $116.19 on Friday. The firm has a market cap of $37.86 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 2.39 and a beta of 0.43. The business’s 50 day moving average is $105.85 and its 200-day moving average is $111.43. WEC Energy Group has a 1-year low of $99.80 and a 1-year high of $119.91. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 1.34.
WEC Energy Group (NYSE:WEC – Get Free Report) last announced its earnings results on Thursday, October 29th. The utilities provider reported $1.18 EPS for the quarter, topping the consensus estimate of $0.97 by $0.21. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.27 billion. WEC Energy Group had a return on equity of 13.49% and a net margin of 17.54%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 EPS. Equities research analysts predict that WEC Energy Group will post 5.61 earnings per share for the current year.
WEC Energy Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be given a dividend of $0.9525 per share. The ex-dividend date is Friday, November 13th. This represents a $3.81 annualized dividend and a dividend yield of 3.3%. WEC Energy Group’s dividend payout ratio is 69.15%.
Insider Buying and Selling at WEC Energy Group
In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total value of $103,468.40. Following the completion of the transaction, the director directly owned 19,588 shares of the company’s stock, valued at $2,068,101.04. This trade represents a 4.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.46% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Diversify Advisory Services LLC boosted its stake in shares of WEC Energy Group by 2.0% in the third quarter. Diversify Advisory Services LLC now owns 5,076 shares of the utilities provider’s stock worth $538,000 after acquiring an additional 98 shares during the period. WPG Advisers LLC grew its holdings in WEC Energy Group by 37.2% in the third quarter. WPG Advisers LLC now owns 365 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 99 shares during the last quarter. Integrity Alliance LLC. grew its stake in WEC Energy Group by 2.2% during the 3rd quarter. Integrity Alliance LLC. now owns 4,818 shares of the utilities provider’s stock valued at $486,000 after purchasing an additional 103 shares during the last quarter. Hibernia Wealth Partners LLC grew its position in WEC Energy Group by 3.3% during the 1st quarter. Hibernia Wealth Partners LLC now owns 3,367 shares of the utilities provider’s stock worth $390,000 after purchasing an additional 106 shares during the period. Finally, Gryphon Financial Partners LLC boosted its stake in shares of WEC Energy Group by 4.0% during the 1st quarter. Gryphon Financial Partners LLC now owns 3,056 shares of the utilities provider’s stock worth $354,000 after acquiring an additional 118 shares in the last quarter. 77.20% of the stock is owned by institutional investors.
Key Stories Impacting WEC Energy Group
Here are the key news stories impacting WEC Energy Group this week:
- Positive Sentiment: Third-quarter earnings beat expectations. WEC reported $1.18 in adjusted EPS versus the $0.97 analyst consensus, while revenue rose 8.9% year over year to $2.29 billion. Net income increased to $389.3 million from $271.3 million, supported by strong electricity demand, favorable weather and operating efficiencies. WEC Energy Group reports third-quarter results
- Positive Sentiment: Management raised its 2026 earnings guidance, reinforcing confidence in continued demand growth and execution. The guidance increase, combined with the quarterly earnings beat, is a key catalyst for investor optimism. WEC raises 2026 earnings guidance
- Positive Sentiment: WEC outlined a $47.5 billion 2027–2031 capital plan and is targeting annual EPS growth of 7% to 9% or more. The investment program could expand the regulated asset base and support long-term earnings and dividend growth. WEC capital plan and EPS growth targets
- Positive Sentiment: Analysts raised their price targets and issued constructive ratings. Scotiabank lifted its target to $128 with a “sector outperform” rating, while Wells Fargo raised its target to $129 and maintained an “overweight” rating. The revised targets imply approximately 10%–11% potential upside from the referenced price.
- Neutral Sentiment: WEC is reportedly in discussions regarding a 400-megawatt data-center project. Securing the project could create additional electricity demand, although the talks have not resulted in a confirmed agreement. WEC data-center project discussions
- Neutral Sentiment: HSBC initiated coverage with a “hold” rating, providing a more cautious view that offsets some of the recent bullish analyst actions.
WEC Energy Group Company Profile
WEC Energy Group, Inc is an energy holding company headquartered in Milwaukee, Wisconsin. Through its operating companies, the company generates and delivers electricity and provides natural gas distribution, storage and related energy services to residential, commercial and industrial customers.
WEC Energy’s principal utility businesses include We Energies and Wisconsin Public Service in Wisconsin, Michigan Gas Utilities, Minnesota Energy Resources, Upper Michigan Energy Resources and North Dakota utility operations.
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