WEC Energy Group

WEC · NYSE

$108.75+$1.75 (+1.64%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $107.00

WEC analyst rating

HoldConsensus of 10 analysts over the last 12 months. 40% rate it a buy.

Strong buy0
Buy4
Hold6
Underperform0
Sell0

12-month price target · 19 analysts

Average $122.77 (+12.9% upside)

Low: $109.58
Now: $108.75
High: $141.75

Upgrades and downgrades

The latest rating actions, newest first

WEC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barclays	Oct 19, 2026	Maintains	Equal-Weight	$117.00 → $108.00	51%
Truist Securities	Oct 16, 2026	Maintains	Hold	$114.00 → $113.00	42%
Keybanc	Oct 13, 2026	Maintains	Overweight	$117.00 → $111.00	53%
Truist Securities	Aug 13, 2026	Maintains	Hold	$122.00 → $114.00	42%
Keybanc	Jul 23, 2026	Maintains	Overweight	$126.00 → $117.00	53%
BMO Capital	Jul 22, 2026	Maintains	Market Perform	$120.00 → $117.00	59%
JP Morgan	Jul 16, 2026	Maintains	Neutral	$120.00 → $124.00	57%
Truist Securities	Jul 16, 2026	Maintains	Hold	$119.00 → $122.00	42%
Truist Securities	May 18, 2026	Maintains	Hold	$124.00 → $119.00	42%
JP Morgan	May 14, 2026	Maintains	Neutral	$125.00 → $120.00	57%

The case for and against

Updated Jan 8, 2025

Bull case

WEC Energy Group demonstrates a robust financial outlook characterized by a substantial 6.9% dividend increase, exceeding the industry average of approximately 5.5%. The company's updated five-year capital expenditure plan reflects a significant increase to $28.0 billion, supporting a projected rate base growth of 8.8% by the end of 2029, up from earlier estimates. Additionally, WEC's ability to adapt to increased economic load growth, now projected at approximately 1,800 MW, underscores its strong market position and ongoing investment potential, driven particularly by demand from major clients such as Microsoft.

Bear case

WEC Energy Group's stock outlook is negatively impacted by a year-over-year decline attributed to factors such as delayed rate relief recognition at PGL and increased depreciation, amortization, interest, and operating maintenance costs, alongside the absence of a prior fuel cost benefit and a gain related to Pleasant Prairie. The company's current 5% premium over its 10-year average of 12% signifies a lack of investor confidence, even as WEC is characterized by stability and consistency within the utility sector. Additionally, expectations for incremental equity have not materialized as anticipated, further contributing to the negative sentiment regarding the stock.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.