WEC Energy Group (NYSE:WEC) Given New $128.00 Price Target at Scotiabank

WEC Energy Group (NYSE:WEC) had its target price hoisted by Scotiabank from $117.00 to $128.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “sector outperform” rating on the utilities provider’s stock. Scotiabank‘s target price would suggest a potential upside of 10.16% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. LADENBURG THALM/SH SH dropped their price target on shares of WEC Energy Group from $110.50 to $108.50 and set a “neutral” rating on the stock in a research report on Wednesday, August 19th. Truist Financial decreased their price target on WEC Energy Group from $114.00 to $113.00 and set a “hold” rating for the company in a report on Friday, October 16th. Stephens set a $109.00 target price on WEC Energy Group in a research report on Friday, October 16th. Wells Fargo & Company raised their target price on WEC Energy Group from $127.00 to $129.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Royal Bank Of Canada lowered their target price on WEC Energy Group from $124.00 to $122.00 and set a “sector perform” rating for the company in a report on Monday. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $118.00.

WEC Energy Group Trading Up 1.4%

NYSE:WEC traded up $1.56 on Friday, reaching $116.19. The company’s stock had a trading volume of 3,613,230 shares, compared to its average volume of 2,280,646. The firm has a market cap of $37.86 billion, a PE ratio of 22.52, a PEG ratio of 2.28 and a beta of 0.45. WEC Energy Group has a 1-year low of $99.80 and a 1-year high of $119.91. 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 business’s 50-day moving average price is $105.69 and its two-hundred day moving average price is $111.38.

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

Insider Activity

In other news, Director Ulice Payne, Jr. sold 980 shares of the company’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 completion of the transaction, the director directly owned 19,588 shares in the company, valued at approximately $2,068,101.04. This represents a 4.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.

Institutional Trading of WEC Energy Group

Large investors have recently modified their holdings of the business. Envestnet Asset Management Inc. increased its position in shares of WEC Energy Group by 3.1% during 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 period. Legal & General Group Plc purchased a new stake in shares of WEC Energy Group in the second quarter worth $299,100,000. PNC Financial Services Group Inc. grew its position in shares of WEC Energy Group by 0.3% during the first 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of WEC Energy Group by 5.0% during 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 last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of WEC Energy Group by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,286,276 shares of the utilities provider’s stock worth $148,906,000 after acquiring an additional 42,403 shares during the period. 77.20% of the stock is owned by institutional investors.

Key Stories Impacting WEC Energy Group

Here are the key news stories impacting WEC Energy Group this week:

• Positive Sentiment: Quarterly earnings beat expectations: WEC reported third-quarter earnings of $1.18 per share, well above the $0.97 analyst consensus and up from $0.83 a year earlier. Revenue rose 8.9% year over year to $2.29 billion, helped by strong electricity demand, favorable weather and operating efficiencies. WEC Energy Group reports third-quarter results
• Positive Sentiment: Full-year outlook raised: WEC increased its 2026 earnings guidance following the third-quarter beat, signaling confidence in demand, operations and profitability. WEC Energy Group raises 2026 earnings guidance
• Positive Sentiment: Growth investment plans: The company outlined a $47.5 billion capital plan for 2027–2031 and is targeting 7% to 9%-plus annual EPS growth. WEC is also in discussions for a potential 400-megawatt data-center project, which could support future electricity demand. WEC capital plan and EPS growth targets
• Positive Sentiment: Wells Fargo raised its price target to $129 from $127 and maintained an “overweight” rating, implying further upside based on the cited current price. Wells Fargo WEC recommendation
• Neutral Sentiment: Mixed analyst view: HSBC initiated coverage with a “hold” rating, suggesting the improved outlook is balanced by valuation or execution risks. HSBC initiates WEC coverage
• Negative Sentiment: RBC reduced its price target to $122 from $124 and kept a “sector perform” rating, limiting the extent of the broader analyst optimism. RBC WEC recommendation

About WEC Energy Group

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.