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

by · The Cerbat Gem

WEC Energy Group (NYSE:WEC – Free Report) had its price objective cut by Truist Financial from $114.00 to $113.00 in a report published on Friday morning,Benzinga reports. They currently have a hold rating on the utilities provider’s stock.

Several other analysts have also recently issued reports on the company. LADENBURG THALM/SH SH cut WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 target price on the stock. in a research report on Tuesday, August 4th. BMO Capital Markets cut their price target on 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. Wall Street Zen raised WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 22nd. Weiss Ratings cut WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. Finally, KeyCorp decreased their price objective on 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. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, WEC Energy Group presently has an average rating of “Moderate Buy” and a consensus target price of $119.77.

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WEC Energy Group Price Performance

NYSE WEC opened at $108.75 on Friday. 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’s 50 day moving average price is $105.37 and its 200-day moving average price is $110.87. WEC Energy Group has a 52-week low of $99.80 and a 52-week high of $119.91. The company has a market cap of $35.44 billion, a PE ratio of 21.08, a P/E/G ratio of 2.24 and a beta of 0.45.

WEC Energy Group (NYSE:WEC – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.11 billion. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. WEC Energy Group’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $0.76 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Sell-side analysts forecast that WEC Energy Group will post 5.60 EPS for the current fiscal year.

WEC Energy Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be paid a dividend of $0.9525 per share. This represents a $3.81 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, November 13th. WEC Energy Group’s payout ratio is 73.84%.

Insider Activity at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 980 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 19,588 shares of the company’s stock, valued at $2,068,101.04. This represents a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.46% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On WEC Energy Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Banque Pictet & Cie SA purchased a new stake in WEC Energy Group in the 3rd quarter valued at $1,525,000. James T. Borello RIA purchased a new position in shares of WEC Energy Group during the 3rd quarter worth $204,000. V Square Quantitative Management LLC raised its holdings in shares of WEC Energy Group by 11.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 6,245 shares of the utilities provider’s stock worth $629,000 after acquiring an additional 648 shares during the period. Rockland Trust Co. boosted its position in shares of WEC Energy Group by 3.0% during the 3rd quarter. Rockland Trust Co. now owns 123,801 shares of the utilities provider’s stock valued at $12,477,000 after acquiring an additional 3,593 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its position in shares of WEC Energy Group by 20.0% during the 2nd quarter. QRG Capital Management Inc. now owns 27,374 shares of the utilities provider’s stock valued at $3,196,000 after acquiring an additional 4,553 shares during the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

Key WEC Energy Group News

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 annualized dividend is $3.81, representing an approximately 3.6% yield and reinforcing the utility’s income appeal. WEC Energy Group declares quarterly dividend
  • Positive Sentiment: KeyCorp raised its third-quarter 2026 EPS forecast for WEC to $1.00 from $0.89, while maintaining an “Overweight” rating and a $111 price target. The increase suggests analysts see better near-term earnings potential. Full-year consensus EPS is approximately $5.60.
  • Positive Sentiment: An analyst also boosted the company’s fiscal 2026 EPS estimate, providing additional support for the earnings outlook. FY2026 EPS Estimate for WEC Energy Group Boosted by Analyst
  • Neutral Sentiment: WEC’s utility subsidiary, Wisconsin Electric, declared dividends on two preferred-stock series. These payments demonstrate continued capital-return activity but do not directly change the value of WEC common shares. Wisconsin Electric declares quarterly dividends
  • Negative Sentiment: Truist lowered its price target to $113 from $114 and maintained a “Hold” rating, indicating only moderate expected appreciation from the current trading level.
  • Negative Sentiment: KeyBanc reduced its WEC price target to $111, while Goldman Sachs cut its target to $107 from $110. The target reductions point to cautious views on valuation or the utility-sector outlook. KeyBanc cuts WEC Energy target

WEC Energy Group Company Profile

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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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