KeyCorp Issues Pessimistic Forecast for WEC Energy Group (NYSE:WEC) Stock Price

Key Points

• KeyCorp lowered its price target for WEC Energy Group from $117 to $111 while maintaining an “overweight” rating, implying approximately 5.9% upside from the stock’s $104.81 price.
• Analyst sentiment is mixed but leans cautious: WEC has a consensus “Hold” rating from 17 analysts, with an average price target of $120.90.
• WEC exceeded quarterly EPS expectations, reporting $0.91 versus the $0.80 consensus, while revenue rose 2.6% year over year to $2.06 billion but fell short of estimates.

WEC Energy Group (NYSE:WEC - Get Free Report) had its price target lowered by research analysts at KeyCorp from $117.00 to $111.00 in a report released on Tuesday, Benzinga reports. The firm presently has an "overweight" rating on the utilities provider's stock. KeyCorp's price objective would indicate a potential upside of 5.91% from the company's current price.

Several other equities research analysts have also recently issued reports on WEC. Truist Financial cut their price target on WEC Energy Group from $122.00 to $114.00 and set a "hold" rating for the company in a research note on Thursday, August 13th. LADENBURG THALM/SH SH lowered WEC Energy Group from a "buy" rating to a "neutral" rating and set a $110.50 price objective on the stock. in a research note on Tuesday, August 4th. JPMorgan Chase & Co. raised their price target on WEC Energy Group from $120.00 to $124.00 and gave the stock a "neutral" rating in a research report on Thursday, July 16th. Weiss Ratings lowered shares of WEC Energy Group from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, September 25th. Finally, Wall Street Zen upgraded shares of WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, WEC Energy Group presently has a consensus rating of "Hold" and an average target price of $120.90.

WEC Energy Group Price Performance

Shares of WEC Energy Group stock opened at $104.81 on Tuesday. WEC Energy Group has a twelve month low of $99.80 and a twelve month high of $119.91. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35. The company has a 50-day simple moving average of $105.49 and a two-hundred day simple moving average of $111.07. The stock has a market capitalization of $34.15 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 2.14 and a beta of 0.45.

WEC Energy Group (NYSE:WEC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.11. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. The business's revenue for the quarter was up 2.6% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Analysts forecast that WEC Energy Group will post 5.59 EPS for the current year.

Insiders Place Their Bets

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of WEC Energy Group stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total value of $103,468.40. Following the transaction, the director owned 19,588 shares in the company, valued at $2,068,101.04. The trade was a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.46% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in WEC. Physician Wealth Advisors Inc. lifted its position in WEC Energy Group by 113.9% in the 1st quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 131 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in WEC Energy Group by 972.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider's stock worth $28,000 after purchasing an additional 214 shares in the last quarter. Compass Financial Management LLC bought a new stake in WEC Energy Group during the 2nd quarter worth approximately $29,000. Paladin Partners LLC bought a new stake in WEC Energy Group during the 2nd quarter worth approximately $34,000. Finally, Addison Advisors LLC purchased a new stake in shares of WEC Energy Group in the second quarter worth approximately $34,000. Institutional investors own 77.20% of the company's stock.

WEC Energy Group Company Profile

WEC Energy Group, Inc is an energy holding company that provides electricity and natural gas to residential, commercial, and industrial customers. Its operations include electric generation, transmission, distribution, and natural gas distribution, as well as related energy infrastructure and renewable energy activities.

The company serves customers primarily in Wisconsin and parts of Michigan, Minnesota, and Illinois through utilities including We Energies, Wisconsin Public Service, Upper Michigan Energy Resources, Minnesota Energy Resources, North Shore Gas, and Peoples Gas.

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