WEC Energy Group (NYSE:WEC) Stock Price Target Cut by Truist Financial

Key Points

• Truist Financial cut WEC Energy Group’s price target from $114 to $113 while maintaining a “Hold” rating, implying about 5.27% upside from the stock’s $107.34 price.
• Analyst sentiment remains generally positive but cautious: WEC has a “Moderate Buy” consensus rating and an average price target of $120.54, while other firms recently adjusted their targets and ratings.
• WEC reported quarterly EPS of $0.91, exceeding the $0.80 consensus estimate, and reaffirmed fiscal 2026 EPS guidance of $5.51–$5.61. The company also declared a $0.9525 quarterly dividend, equal to a 3.6% annualized yield.

WEC Energy Group (NYSE:WEC - Get Free Report) had its price objective dropped by research analysts at Truist Financial from $114.00 to $113.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a "hold" rating on the utilities provider's stock. Truist Financial's price target would suggest a potential upside of 5.27% from the company's current price.

Several other analysts also recently weighed in on WEC. KeyCorp decreased their target price on WEC Energy Group from $117.00 to $111.00 and set an "overweight" rating for the company in a research note on Tuesday. Weiss Ratings downgraded WEC Energy Group from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, September 25th. Wall Street Zen upgraded WEC Energy Group from a "sell" rating to a "hold" rating in a research note on Tuesday, September 22nd. BMO Capital Markets lowered their price target on shares of WEC Energy Group from $120.00 to $117.00 and set a "market perform" rating on the stock in a report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of WEC Energy Group from $120.00 to $124.00 and gave the company a "neutral" rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, WEC Energy Group currently has an average rating of "Moderate Buy" and an average price target of $120.54.

WEC Energy Group Price Performance

Shares of NYSE WEC traded up $1.30 during midday trading on Friday, reaching $107.34. The company's stock had a trading volume of 157,624 shares, compared to its average volume of 2,242,541. WEC Energy Group has a one year low of $99.80 and a one year high of $119.91. The company has a market cap of $34.98 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 2.20 and a beta of 0.45. The company has a 50 day moving average price of $105.35 and a 200 day moving average price of $110.91. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35.

WEC Energy Group (NYSE:WEC - Get Free Report) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. The business had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $2.11 billion. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%. WEC Energy Group's revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.76 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, equities research analysts expect that WEC Energy Group will post 5.60 EPS for the current year.

Insider Activity

In related 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 owned 19,588 shares of the company's stock, valued at approximately $2,068,101.04. This trade represents a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.46% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WEC. Pure Financial Advisors LLC boosted its stake in shares of WEC Energy Group by 3.9% in the 4th quarter. Pure Financial Advisors LLC now owns 2,319 shares of the utilities provider's stock valued at $245,000 after purchasing an additional 86 shares during the last quarter. Hibernia Wealth Partners LLC raised its stake in WEC Energy Group by 3.3% during the first quarter. Hibernia Wealth Partners LLC now owns 3,367 shares of the utilities provider's stock worth $390,000 after buying an additional 106 shares during the last quarter. Kestra Private Wealth Services LLC raised its stake in WEC Energy Group by 0.3% during the first quarter. Kestra Private Wealth Services LLC now owns 36,196 shares of the utilities provider's stock worth $4,190,000 after buying an additional 112 shares during the last quarter. Gryphon Financial Partners LLC lifted its holdings in WEC Energy Group by 4.0% in the first quarter. Gryphon Financial Partners LLC now owns 3,056 shares of the utilities provider's stock valued at $354,000 after buying an additional 118 shares during the period. Finally, 1ST Source Bank lifted its holdings in WEC Energy Group by 4.0% in the first quarter. 1ST Source Bank now owns 3,141 shares of the utilities provider's stock valued at $364,000 after buying an additional 120 shares during the period. 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: WEC declared a quarterly common-stock dividend of $0.9525 per share, payable December 1 to shareholders of record November 13. The $3.81 annualized payout represents a yield of approximately 3.6%, reinforcing the stock’s income appeal. WEC Energy Group declares quarterly dividend
• Positive Sentiment: KeyCorp raised its third-quarter 2026 EPS estimate to $1.00 from $0.89, maintained an “Overweight” rating, and set a $111 price objective. The estimate increase suggests expectations for stronger near-term operating performance. KeyCorp raises WEC EPS estimate
• Positive Sentiment: Another analyst boosted WEC’s fiscal 2026 EPS estimate, adding to the constructive earnings outlook. Current consensus calls for approximately $5.60 in full-year EPS, broadly consistent with management’s $5.51–$5.61 guidance range. FY2026 EPS Estimate for WEC Energy Group Boosted by Analyst

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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