WEC Energy Group (WEC) Stock Forecast & Price Target

$94.50 +1.24 (+1.33%)

(As of 12/20/2024 05:17 PM ET)

WEC Energy Group - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 10 Analyst Ratings

Sell
2

Hold
5

Buy
3

Based on 10 Wall Street analysts who have issued ratings for WEC Energy Group in the last 12 months, the stock has a consensus rating of "Hold." Out of the 10 analysts, 2 have given a sell rating, 5 have given a hold rating, and 3 have given a buy rating for WEC.

Consensus Price Target

$98.00
3.70% Upside

According to the 10 analysts' twelve-month price targets for WEC Energy Group, the average price target is $98.00. The highest price target for WEC is $110.00, while the lowest price target for WEC is $84.00. The average price target represents a forecasted upside of 3.70% from the current price of $94.50.

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WEC Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	3 Buy rating(s)
Hold	5 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)
Sell	2 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$98.00	$94.45	$91.31	$89.58
Forecasted Upside	3.70% Upside	-6.16% Downside	-4.07% Downside	8.01% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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WEC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

WEC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

WEC Energy Group Stock vs. The Competition

Type	WEC Energy Group	Utilities Companies	S&P 500
Consensus Rating Score	2.10	2.53	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	3.70% Upside	28.89% Upside	14.53% Upside
News Sentiment Rating	Positive News See Recent WEC News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
12/12/2024	Bank of America 3 of 5 stars	Upgrade	Underperform ➝ Neutral	$90.00 ➝ $98.00	+2.50%
12/9/2024	Scotiabank 5 of 5 stars	Boost Target	Sector Outperform ➝ Sector Outperform	$103.00 ➝ $110.00	+13.44%
12/4/2024	KeyCorp 3 of 5 stars	Boost Target	Overweight ➝ Overweight	$108.00 ➝ $109.00	+11.28%
12/2/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Market Perform ➝ Market Perform	$97.00 ➝ $104.00	+4.12%
10/16/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$103.00 ➝ $106.00	+8.01%
10/7/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underweight ➝ Underweight	$86.00 ➝ $89.00	-5.44%
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9/19/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	$102.00	+8.77%
4/10/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$88.00	+7.43%
2/8/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform ➝ Sector Perform	$95.00 ➝ $90.00	+15.96%
2/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Underweight	$90.00 ➝ $84.00	+2.69%
12/18/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$88.00 ➝ $86.00	+4.46%
10/9/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$94.00 ➝ $84.00	+3.69%
10/4/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$87.00 ➝ $80.00	+1.55%
9/11/2023	LADENBURG THALM/SH SH Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$85.00	+0.39%
6/30/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Reiterates
6/9/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$98.00 ➝ $91.00	+0.70%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 11:04 AM ET.

Should I Buy WEC Energy Group Stock? WEC Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, December 13, 2024. Please send any questions or comments about these WEC Energy Group pros and cons to contact@marketbeat.com.

WEC Energy Group
Bull Case

Here are some ways that investors could benefit from investing in WEC Energy Group, Inc.:

WEC Energy Group, Inc. recently reported earnings per share of $0.82, exceeding analysts' expectations of $0.70, indicating strong financial performance.
The company has increased its quarterly dividend to $0.8925, up from $0.84, reflecting a commitment to returning value to shareholders and a healthy annualized dividend yield of 3.67%.
Analysts have recently upgraded their target prices for WEC Energy Group, Inc., with Wells Fargo raising it to $106.00, suggesting positive market sentiment and potential for stock appreciation.
The stock is currently trading near its 1-year high of $102.79, indicating strong market performance and investor confidence.
WEC Energy Group, Inc. has a solid return on equity of 11.72%, which demonstrates effective management and profitability relative to shareholder equity.

WEC Energy Group
Bear Case

Investors should be bearish about investing in WEC Energy Group, Inc. for these reasons:

The company's quarterly revenue decreased by 4.8% year-over-year, which may indicate challenges in maintaining growth and could affect future earnings.
Insider selling has been notable, with a total of 48,794 shares sold in the last three months, which could signal a lack of confidence from those closest to the company.
The payout ratio is currently at 81.66%, suggesting that a significant portion of earnings is being distributed as dividends, which may limit funds available for reinvestment in growth opportunities.
Despite recent upgrades, the consensus rating remains a "Hold," indicating that many analysts are cautious about the stock's potential for significant short-term gains.
WEC Energy Group, Inc. reported a decline in earnings per share from $1.00 in the previous year, which could raise concerns about its ability to sustain profitability moving forward.

WEC Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for WEC Energy Group is $98.00, with a high forecast of $110.00 and a low forecast of $84.00.
: 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEC Energy Group in the last year. There are currently 2 sell ratings, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" WEC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WEC, but not buy additional shares or sell existing shares.
: According to analysts, WEC Energy Group's stock has a predicted upside of 3.70% based on their 12-month stock forecasts.
: Over the previous 90 days, WEC Energy Group's stock had 1 upgrade by analysts.
: WEC Energy Group has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, KeyCorp, Scotiabank, and Wells Fargo & Company in the past 90 days.
: Analysts like WEC Energy Group less than other "utilities" companies. The consensus rating for WEC Energy Group is Hold while the average consensus rating for "utilities" companies is Moderate Buy. Learn more on how WEC compares to other companies.

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This page (NYSE:WEC) was last updated on 12/22/2024 by MarketBeat.com Staff

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WEC Energy Group (WEC) Stock Forecast & Price Target