WEC Energy Group (NYSE:WEC) Stock Gets Price Target Trim from KeyCorp

WEC Energy Group (NYSE:WEC) had its price target decreased by KeyCorp from $117.00 to $111.00 in a research report released on Tuesday morning, MarketBeat Ratings reports. KeyCorp currently has an overweight rating on the utilities provider’s stock. KeyCorp also issued estimates for WEC Energy Group’s Q3 2026 earnings at $1.00 EPS, Q4 2026 earnings at $1.30 EPS, FY2026 earnings at $5.66 EPS, FY2028 earnings at $6.53 EPS, FY2029 earnings at $7.04 EPS and FY2030 earnings at $7.59 EPS.

Several other equities research analysts have also weighed in on WEC. LADENBURG THALM/SH SH lowered WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 price objective for the company. in a research note on Tuesday, August 4th. Truist Financial decreased their target price on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. Wall Street Zen raised WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 22nd. Weiss Ratings downgraded WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 25th. Finally, BMO Capital Markets reduced their target price on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $120.61.

WEC Energy Group Stock Down 0.6%

NYSE WEC opened at $106.09 on Tuesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.53 and a quick ratio of 0.39. The company’s 50 day simple moving average is $105.35 and its 200 day simple moving average is $110.91. WEC Energy Group has a 12 month low of $99.80 and a 12 month high of $119.91. The company has a market capitalization of $34.57 billion, a P/E ratio of 19.03, a PEG ratio of 2.20 and a beta of 0.45.

WEC Energy Group (NYSE:WEC) last released its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.11 billion. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 earnings per share. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities research analysts expect that WEC Energy Group will post 5.60 earnings per share for the current fiscal year.

Insider Activity at WEC Energy Group

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 completion of the transaction, the director owned 19,588 shares of the company’s stock, valued at approximately $2,068,101.04. This trade represents a 4.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.46% of the company’s stock.

Institutional Trading of WEC Energy Group

Hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its holdings 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 in the last quarter. Legal & General Group Plc purchased a new stake in WEC Energy Group in the 2nd quarter worth about $299,100,000. PNC Financial Services Group Inc. lifted its stake in 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 worth $297,646,000 after acquiring an additional 7,206 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in 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 worth $192,007,000 after acquiring an additional 78,168 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in WEC Energy Group by 3.4% during the 1st 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. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Key Headlines Impacting 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 announcement reinforces the company’s income-investment appeal. WEC Energy Group declares quarterly dividend
• Positive Sentiment: KeyCorp raised its FY2026 EPS forecast to $5.66 from $5.60 and increased its long-term estimates to $6.53 for FY2028, $7.04 for FY2029 and $7.59 for FY2030. KeyCorp maintained an Overweight rating, although its $111 target remains below the broader consensus. KeyCorp earnings estimates for WEC Energy Group
• Positive Sentiment: Wisconsin Electric, a WEC subsidiary, declared dividends on its preferred stock, including $0.90 per share on its 3.60% Series and $1.50 per share on its 6% Preferred Stock. The payments are routine but underscore ongoing shareholder distributions. Wisconsin Electric declares quarterly dividends
• Neutral Sentiment: KeyCorp lifted its Q3 2026 EPS estimate to $1.00 from $0.89, but lowered its Q4 forecast to $1.30 from $1.35. The mixed outlook leaves its full-year view close to consensus. KeyCorp quarterly estimates for WEC Energy Group
• Negative Sentiment: KeyBanc cut its price target to $111, while Goldman Sachs reduced its target to $107 from $110. These revisions suggest limited near-term upside and are the clearest pressure on the stock. KeyBanc cuts WEC Energy target Goldman Sachs adjusts WEC Energy price target
• Negative Sentiment: KeyCorp also trimmed its Q4 EPS estimate, and broader utility-sector concerns—including elevated interest rates and uncertain demand—may weigh on dividend-focused utility valuations. Utility stocks and interest-rate concerns

About WEC Energy Group

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.