WEC Energy Group, Inc. (NYSE:WEC) Stock Has Consensus Price Target of $120.90 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on WEC Energy Group, with 10 holds, six buys, and one strong buy. The average 12-month price target is $120.90, compared with the stock’s opening price of $105.86.
• WEC reported quarterly EPS of $0.91, beating the $0.80 analyst consensus, while revenue rose 2.6% year over year to $2.06 billion. Analysts expect full-year EPS of approximately $5.59.
• The company pays a quarterly dividend of $0.9525, equating to an annualized $3.81 dividend and a 3.6% yield; its dividend payout ratio is 73.84%.

WEC Energy Group, Inc. (NYSE:WEC - Get Free Report) has received a consensus rating of "Hold" from the seventeen analysts that are currently covering the stock, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $120.90.

WEC has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of WEC Energy Group from a "sell" rating to a "hold" rating in a research note on Tuesday, September 22nd. JPMorgan Chase & Co. raised their price objective on shares of WEC Energy Group from $120.00 to $124.00 and gave the company a "neutral" rating in a report on Thursday, July 16th. Truist Financial decreased their price objective on shares of WEC Energy Group from $122.00 to $114.00 and set a "hold" rating for the company in a research report on Thursday, August 13th. Weiss Ratings downgraded WEC Energy Group from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 25th. Finally, BMO Capital Markets lowered their price objective on WEC Energy Group from $120.00 to $117.00 and set a "market perform" rating for the company in a research report on Wednesday, July 22nd.

WEC Energy Group Stock Up 0.9%

WEC Energy Group stock opened at $105.86 on Wednesday. The firm has a market capitalization of $34.49 billion, a P/E ratio of 20.51, a P/E/G ratio of 2.16 and a beta of 0.45. 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 has a twelve month low of $99.80 and a twelve month high of $119.91. The stock's fifty day simple moving average is $105.42 and its 200-day simple moving average is $111.02.

WEC Energy Group (NYSE:WEC - Get Free Report) last released its earnings results 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 return on equity of 12.90% and a net margin of 16.69%. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the business posted $0.76 earnings per share. WEC Energy Group's revenue 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. As a group, equities analysts expect that WEC Energy Group will post 5.59 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were paid a $0.9525 dividend. This represents a $3.81 annualized dividend and a yield of 3.6%. The ex-dividend date was Friday, August 14th. WEC Energy Group's dividend payout ratio is currently 73.84%.

Insider Activity

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total transaction of $103,468.40. Following 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.46% of the company's stock.

Institutional Trading of WEC Energy Group

Several institutional investors and hedge funds have recently made changes to their positions in WEC. Rockland Trust Co. grew its stake in WEC Energy Group by 3.0% during the 3rd quarter. Rockland Trust Co. now owns 123,801 shares of the utilities provider's stock worth $12,477,000 after buying an additional 3,593 shares during the last quarter. QRG Capital Management Inc. increased its position in WEC Energy Group by 20.0% during the second quarter. QRG Capital Management Inc. now owns 27,374 shares of the utilities provider's stock worth $3,196,000 after buying an additional 4,553 shares during the period. Envestnet Asset Management Inc. lifted its stake in WEC Energy Group by 3.1% in the second quarter. Envestnet Asset Management Inc. now owns 3,734,979 shares of the utilities provider's stock valued at $436,133,000 after buying an additional 111,057 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in WEC Energy Group by 2.6% in the second quarter. Integrated Wealth Concepts LLC now owns 20,461 shares of the utilities provider's stock valued at $2,389,000 after buying an additional 525 shares during the last quarter. Finally, Nykredit A S purchased a new stake in WEC Energy Group in the second quarter valued at approximately $6,382,000. 77.20% of the stock is owned by hedge funds and other institutional investors.

About WEC Energy Group

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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