WEC Energy Group (NYSE:WEC) Stock Price Target Raised at Wells Fargo & Company

Key Points

• Wells Fargo raised WEC Energy Group’s price target from $127 to $129 and maintained an “overweight” rating, implying 10.8% upside from the reported $116.43 share price.
• WEC’s latest quarter beat expectations, with earnings of $1.18 per share versus the $0.97 consensus and revenue up 8.9% year over year to $2.29 billion.
• Analyst sentiment remains mixed: the stock carries an overall “Hold” rating with an average target of $117.39, while several firms recently reduced their targets.

WEC Energy Group (NYSE:WEC - Get Free Report) had its price target boosted by analysts at Wells Fargo & Company from $127.00 to $129.00 in a research report issued on Friday, Benzinga reports. The firm currently has an "overweight" rating on the utilities provider's stock. Wells Fargo & Company's price target would indicate a potential upside of 10.80% from the company's current price.

Other equities research analysts have also issued reports about the company. Barclays lowered their price target on WEC Energy Group from $117.00 to $108.00 and set an "equal weight" rating for the company in a research report on Monday, October 19th. Wall Street Zen raised shares of WEC Energy Group from a "sell" rating to a "hold" rating in a research report on Tuesday, September 22nd. Royal Bank Of Canada reduced their target price on WEC Energy Group from $124.00 to $122.00 and set a "sector perform" rating for the company in a report on Monday. LADENBURG THALM/SH SH dropped their price target on WEC Energy Group from $110.50 to $108.50 and set a "neutral" rating on the stock in a report on Wednesday, August 19th. Finally, Jefferies Financial Group decreased their target price on WEC Energy Group from $120.00 to $116.00 and set a "hold" rating for the company in a research report on Wednesday, October 21st. 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. According to data from MarketBeat.com, WEC Energy Group currently has an average rating of "Hold" and an average target price of $117.39.

WEC Energy Group Stock Up 1.6%

WEC Energy Group stock traded up $1.80 during mid-day trading on Friday, reaching $116.43. The stock had a trading volume of 1,639,298 shares, compared to its average volume of 2,277,980. WEC Energy Group has a fifty-two week low of $99.80 and a fifty-two week high of $119.91. The stock's 50-day simple moving average is $105.69 and its 200-day simple moving average is $111.38. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53. The firm has a market capitalization of $37.94 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 2.28 and a beta of 0.45.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.21. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. The business's revenue was up 8.9% on a year-over-year basis. On average, sell-side analysts forecast that WEC Energy Group will post 5.60 EPS for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On WEC Energy Group

Several hedge funds have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of WEC Energy Group by 972.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider's stock worth $28,000 after buying an additional 214 shares in the last quarter. John Boyer Inc. bought a new stake in WEC Energy Group during the 3rd quarter worth approximately $25,000. Physician Wealth Advisors Inc. lifted its stake 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 worth $28,000 after purchasing an additional 131 shares in the last quarter. Compass Financial Management LLC bought a new position in WEC Energy Group in the 2nd quarter valued at $29,000. Finally, Silvant Capital Management LLC purchased a new position in shares of WEC Energy Group during the 2nd quarter valued at $34,000. 77.20% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting WEC Energy Group

Here are the key news stories impacting WEC Energy Group this week:

• Positive Sentiment: Quarterly earnings significantly exceeded expectations. WEC reported third-quarter 2026 earnings of $1.18 per share, versus analyst estimates near $0.97-$0.98 and $0.83 a year earlier. Net income increased to $389.3 million from $271.3 million, while revenue rose 8.9% year over year to $2.29 billion. Strong electricity demand, favorable weather and operating efficiencies supported the results. WEC Energy Group reports third-quarter results
• Positive Sentiment: Management raised its 2026 earnings guidance. The updated outlook signals confidence that operating momentum can continue through the remainder of the year and is likely the most immediate catalyst for the stock. WEC Energy Group raises earnings guidance for 2026
• Positive Sentiment: Large investment program supports longer-term growth. WEC outlined a $47.5 billion capital plan for 2027-2031 and targets annual EPS growth of 7% to 9% or more. The spending could expand rate base and improve earnings visibility, although it also increases financing requirements. WEC outlines capital plan and EPS growth targets
• Positive Sentiment: Potential data-center demand adds an additional growth opportunity. WEC is reportedly in discussions regarding a 400-megawatt data-center project, which could increase future electricity demand, though the project has not been finalized. WEC Energy Group data-center project
• Neutral Sentiment: Analyst sentiment remains cautious. HSBC initiated coverage with a Hold rating, indicating that the strong outlook may already be reflected in WEC’s valuation.
• Negative Sentiment: RBC trimmed its price target. Royal Bank of Canada lowered its target from $124 to $122 while maintaining a Sector Perform rating, highlighting limited perceived upside and valuation concerns. RBC WEC price-target update

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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