Truist Financial Issues Pessimistic Forecast for WEC Energy Group (NYSE:WEC) Stock Price

WEC Energy Group (NYSE:WEC) had its price objective dropped by equities research analysts at Truist Financial from $114.00 to $113.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “hold” rating on the utilities provider’s stock. Truist Financial’s price target suggests a potential upside of 5.27% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Wall Street Zen upgraded shares of WEC Energy Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 22nd. BMO Capital Markets cut their price target on shares of 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. KeyCorp cut their price target on shares of WEC Energy Group from $117.00 to $111.00 and set an “overweight” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of WEC Energy Group from $120.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Finally, Weiss Ratings lowered shares of WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $120.54.

WEC Energy Group Stock Up 1.2%

WEC traded up $1.30 during midday trading on Friday, hitting $107.34. The company had a trading volume of 157,624 shares, compared to its average volume of 2,242,541. WEC Energy Group has a 52 week low of $99.80 and a 52 week high of $119.91. The company has a quick ratio of 0.39, a current ratio of 0.53 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $34.98 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 2.20 and a beta of 0.45. The stock’s 50 day moving average price is $105.35 and its 200 day moving average price is $110.91.

WEC Energy Group (NYSE:WEC) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share for the quarter, topping 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 company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. WEC Energy Group’s revenue for the quarter was up 2.6% on a year-over-year basis. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, research analysts anticipate that WEC Energy Group will post 5.60 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Ulice Payne, Jr. sold 980 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.46% of the company’s stock.

Institutional Trading of WEC Energy Group

A number of institutional investors have recently made changes to their positions in WEC. Envestnet Asset Management Inc. lifted its holdings 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 worth $436,133,000 after buying an additional 111,057 shares during the period. Legal & General Group Plc bought a new position in shares of WEC Energy Group in the 2nd quarter worth approximately $299,100,000. PNC Financial Services Group Inc. lifted its stake in shares of WEC Energy Group by 0.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,571,015 shares of the utilities provider’s stock valued at $297,646,000 after purchasing an additional 7,206 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of WEC Energy Group by 5.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,644,319 shares of the utilities provider’s stock valued at $192,007,000 after purchasing an additional 78,168 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of WEC Energy Group by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,286,276 shares of the utilities provider’s stock valued at $148,906,000 after purchasing an additional 42,403 shares during the period. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Trending Headlines about WEC Energy Group

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 $3.81 annualized payout represents a yield of approximately 3.6%, reinforcing the stock’s income appeal. WEC Energy Group declares quarterly dividend
• Positive Sentiment: KeyCorp raised its third-quarter 2026 EPS estimate to $1.00 from $0.89, maintained an “Overweight” rating, and set a $111 price objective. The estimate increase suggests expectations for stronger near-term operating performance. KeyCorp raises WEC EPS estimate
• Positive Sentiment: Another analyst boosted WEC’s fiscal 2026 EPS estimate, adding to the constructive earnings outlook. Current consensus calls for approximately $5.60 in full-year EPS, broadly consistent with management’s $5.51–$5.61 guidance range. FY2026 EPS Estimate for WEC Energy Group Boosted by Analyst

WEC Energy Group Company Profile

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.