WEC Energy Group (NYSE:WEC) Stock Price Expected to Rise, Truist Financial Analyst Says

WEC Energy Group (NYSE:WEC) had its price target raised by analysts at Truist Financial from $119.00 to $122.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “hold” rating on the utilities provider’s stock. Truist Financial’s price objective points to a potential upside of 7.62% from the stock’s previous close.

A number of other equities research analysts also recently commented on WEC. Wells Fargo & Company reiterated an “overweight” rating and issued a $127.00 target price on shares of WEC Energy Group in a research report on Tuesday, April 21st. JPMorgan Chase & Co. cut their price target on WEC Energy Group from $125.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of WEC Energy Group in a research note on Friday, June 26th. Barclays upped their price objective on WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Finally, Mizuho set a $124.00 target price on WEC Energy Group in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, WEC Energy Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.07.

WEC Energy Group Stock Performance

Shares of NYSE WEC opened at $113.36 on Thursday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.54 and a current ratio of 0.68. The company has a market cap of $36.93 billion, a P/E ratio of 22.63, a P/E/G ratio of 2.75 and a beta of 0.47. The firm’s fifty day moving average is $113.63 and its two-hundred day moving average is $113.22. WEC Energy Group has a 52-week low of $102.95 and a 52-week high of $119.91.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.30 by $0.15. WEC Energy Group had a net margin of 16.25% and a return on equity of 12.72%. The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter in the previous year, the company earned $2.27 EPS. The business’s quarterly revenue was up 9.0% 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, analysts anticipate that WEC Energy Group will post 5.59 EPS for the current fiscal year.

Insider Activity at WEC Energy Group

In related news, EVP Daniel Krueger sold 4,665 shares of WEC Energy Group stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $110.96, for a total value of $517,628.40. Following the completion of the transaction, the executive vice president owned 7,346 shares in the company, valued at approximately $815,112.16. This trade represents a 38.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On WEC Energy Group

Several institutional investors have recently modified their holdings of the stock. Rosenberg Matthew Hamilton raised its holdings in WEC Energy Group by 24.1% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,095 shares of the utilities provider’s stock valued at $128,000 after buying an additional 213 shares during the period. Liberty Capital Management Inc. purchased a new stake in shares of WEC Energy Group in the second quarter valued at $222,000. Merit Financial Group LLC raised its stake in shares of WEC Energy Group by 3.5% in the second quarter. Merit Financial Group LLC now owns 78,183 shares of the utilities provider’s stock valued at $9,129,000 after acquiring an additional 2,609 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of WEC Energy Group by 4.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 15,687 shares of the utilities provider’s stock worth $1,833,000 after acquiring an additional 599 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in shares of WEC Energy Group by 4.1% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 5,212 shares of the utilities provider’s stock worth $609,000 after acquiring an additional 205 shares during the last quarter. 77.20% of the stock is owned by institutional investors.

About WEC Energy Group

WEC Energy Group is a Milwaukee, Wisconsin–based regulated energy holding company whose primary businesses are the generation, transmission and distribution of electricity and the distribution of natural gas. The company operates through a set of utility subsidiaries that provide bundled energy service, customer billing and energy-related programs to residential, commercial and industrial customers. As a regulated utility group, WEC’s operations focus on delivering reliable service while managing infrastructure investment and compliance with state and federal utility regulation.

Its utility subsidiaries include well-known regional operators such as We Energies and Wisconsin Public Service, along with Chicago-area natural gas utilities that were part of the Integrys Energy Group acquisition.