WEC Energy Group (NYSE:WEC) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

WEC Energy Group (NYSE:WEC) had its price target upped by analysts at Wells Fargo & Company from $127.00 to $129.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 10.80% from the company’s previous close.

A number of other analysts also recently weighed in on the company. HSBC began coverage on WEC Energy Group in a research report on Thursday, October 22nd. They issued a “hold” rating and a $106.50 target price for the company. Barclays reduced their price target on shares of WEC Energy Group from $117.00 to $108.00 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. BTIG Research reissued a “buy” rating and set a $130.00 price target on shares of WEC Energy Group in a research note on Friday. Royal Bank Of Canada lowered their price objective on shares of WEC Energy Group from $124.00 to $122.00 and set a “sector perform” rating for the company in a report on Monday. Finally, KeyCorp cut their price objective on shares of WEC Energy Group from $117.00 to $111.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Eight equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, WEC Energy Group presently has an average rating of “Hold” and a consensus price target of $117.39.

WEC Energy Group Price Performance

WEC traded up $1.80 during 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. The stock has a market cap of $37.94 billion, a PE ratio of 22.57, a PEG ratio of 2.28 and a beta of 0.45. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53. WEC Energy Group has a one year low of $99.80 and a one year high of $119.91. The business has a 50-day moving average of $105.69 and a 200-day moving average of $111.38.

WEC Energy Group (NYSE:WEC) last issued its quarterly earnings results on Thursday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.21. WEC Energy Group had a return on equity of 12.90% and a net margin of 16.69%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The company’s revenue was up 8.9% compared to the same quarter last year. As a group, equities research analysts anticipate that WEC Energy Group will post 5.60 EPS for the current fiscal year.

Insider Buying and Selling at WEC Energy Group

In related 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 value of $103,468.40. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Provenance Wealth Advisors LLC purchased a new position in WEC Energy Group in the third quarter worth about $199,000. Associated Banc Corp purchased a new stake in shares of WEC Energy Group during the 3rd quarter valued at about $2,661,000. Integrity Alliance LLC. lifted its stake in shares of WEC Energy Group by 2.2% in the 3rd quarter. Integrity Alliance LLC. now owns 4,818 shares of the utilities provider’s stock worth $486,000 after purchasing an additional 103 shares during the period. Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of WEC Energy Group in the 3rd quarter worth approximately $2,394,000. Finally, Signature Equity Partners LLC boosted its holdings in shares of WEC Energy Group by 13.3% in the third quarter. Signature Equity Partners LLC now owns 1,283 shares of the utilities provider’s stock worth $129,000 after buying an additional 151 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group News Summary

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.