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WEC Energy Group (WEC) Stock Forecast & Price Target

WEC Energy Group logo
$95.04 +0.20 (+0.21%)
(As of 12/24/2024 05:11 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

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
3.11% 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 3.11% from the current price of $95.04.
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WEC Analyst Ratings Over Time

TypeCurrent Forecast
12/26/23 to 12/25/24
1 Month Ago
11/26/23 to 11/25/24
3 Months Ago
9/27/23 to 9/26/24
1 Year Ago
12/26/22 to 12/26/23
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 Upside3.11% Upside-6.81% Downside-3.47% Downside7.11% Upside
Consensus Rating
Hold
Hold
Hold
Hold

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.
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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.
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WEC Energy Group Stock vs. The Competition

TypeWEC Energy GroupUtilities CompaniesS&P 500
Consensus Rating Score
2.10
2.53
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside3.11% Upside29.08% Upside13.49% Upside
News Sentiment Rating
Positive News

See Recent WEC News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
12/12/2024Bank of America
3 of 5 stars
 UpgradeUnderperform ➝ Neutral$90.00 ➝ $98.00+2.50%
12/9/2024Scotiabank
5 of 5 stars
 Boost TargetSector Outperform ➝ Sector Outperform$103.00 ➝ $110.00+13.44%
12/4/2024KeyCorp
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$108.00 ➝ $109.00+11.28%
12/2/2024BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$97.00 ➝ $104.00+4.12%
10/16/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$103.00 ➝ $106.00+8.01%
10/7/2024Barclays
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 Boost TargetUnderweight ➝ Underweight$86.00 ➝ $89.00-5.44%
9/19/2024Jefferies Financial Group
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 Initiated CoverageHold$102.00+8.77%
4/10/2024The Goldman Sachs Group
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 Initiated CoverageNeutral$88.00+7.43%
2/8/2024Royal Bank of Canada
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 Lower TargetSector Perform ➝ Sector Perform$95.00 ➝ $90.00+15.96%
2/2/2024JPMorgan Chase & Co.
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 DowngradeNeutral ➝ Underweight$90.00 ➝ $84.00+2.69%
12/18/2023Mizuho
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 Lower TargetBuy ➝ Buy$88.00 ➝ $86.00+4.46%
10/9/2023Guggenheim
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 Lower Target$94.00 ➝ $84.00+3.69%
10/4/2023UBS Group
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 Lower TargetNeutral ➝ Neutral$87.00 ➝ $80.00+1.55%
9/11/2023LADENBURG THALM/SH SH
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 Initiated CoverageNeutral$85.00+0.39%
6/30/2023888
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 Reiterated RatingReiterates
6/9/2023Evercore ISI
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 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 Wednesday at 12:26 PM 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 Wednesday, December 18, 2024. Please send any questions or comments about these WEC Energy Group pros and cons to contact@marketbeat.com.

WEC Energy Group
Bull Case

green Wall Street bull icon

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

red Wall Street bear icon

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 equities research 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 equities research 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 3.11% 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.


This page (NYSE:WEC) was last updated on 12/25/2024 by MarketBeat.com Staff
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