WEC Energy Group (NYSE:WEC) Stock Rating Lowered by Wall Street Zen

WEC Energy Group (NYSE:WEC) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other brokerages also recently issued reports on WEC. HSBC initiated coverage on WEC Energy Group in a research report on Thursday, October 22nd. They set a “hold” rating and a $106.50 price target on the stock. Weiss Ratings cut WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 25th. JPMorgan Chase & Co. reduced their price target on WEC Energy Group from $121.00 to $116.00 and set a “neutral” rating for the company in a research report on Tuesday, October 13th. LADENBURG THALM/SH SH decreased their target price on shares of WEC Energy Group from $110.50 to $108.50 and set a “neutral” rating for the company in a research note on Wednesday, August 19th. Finally, The Goldman Sachs Group cut their price objective on shares of WEC Energy Group from $110.00 to $107.00 in a research report on Thursday, October 15th. Eight equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, WEC Energy Group presently has an average rating of “Hold” and an average price target of $118.00.

WEC Energy Group Stock Up 0.1%

WEC stock opened at $116.19 on Friday. WEC Energy Group has a fifty-two week low of $99.80 and a fifty-two week high of $119.91. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.36 and a current ratio of 0.53. The business’s 50 day moving average price is $105.85 and its two-hundred day moving average price is $111.43. The company has a market capitalization of $37.86 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 2.39 and a beta of 0.43.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Thursday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.21. WEC Energy Group had a return on equity of 13.49% and a net margin of 17.54%. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the previous year, the firm earned $0.83 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, analysts forecast that WEC Energy Group will post 5.61 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 company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total transaction of $103,468.40. Following the completion of the transaction, the director owned 19,588 shares in the company, valued at $2,068,101.04. This represents a 4.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of WEC. Annex Advisory Services LLC raised its position in WEC Energy Group by 8.6% in the second quarter. Annex Advisory Services LLC now owns 121,431 shares of the utilities provider’s stock worth $14,179,000 after acquiring an additional 9,591 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of WEC Energy Group by 15.3% in the second quarter. DAVENPORT & Co LLC now owns 96,430 shares of the utilities provider’s stock valued at $11,260,000 after purchasing an additional 12,773 shares in the last quarter. GSA Capital Partners LLP bought a new stake in WEC Energy Group in the second quarter valued at approximately $2,783,000. Y Intercept Hong Kong Ltd bought a new position in shares of WEC Energy Group during the second quarter worth approximately $3,773,000. Finally, Hsbc Holdings PLC boosted its stake in WEC Energy Group by 16.9% in the second quarter. Hsbc Holdings PLC now owns 617,881 shares of the utilities provider’s stock valued at $72,303,000 after buying an additional 89,140 shares in the last quarter. Hedge funds and other institutional investors own 77.20% of the company’s stock.

Key Stories Impacting WEC Energy Group

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

• Positive Sentiment: Third-quarter earnings beat expectations. WEC reported $1.18 in adjusted EPS versus the $0.97 analyst consensus, while revenue rose 8.9% year over year to $2.29 billion. Net income increased to $389.3 million from $271.3 million, supported by strong electricity demand, favorable weather and operating efficiencies. WEC Energy Group reports third-quarter results
• Positive Sentiment: Management raised its 2026 earnings guidance, reinforcing confidence in continued demand growth and execution. The guidance increase, combined with the quarterly earnings beat, is a key catalyst for investor optimism. WEC raises 2026 earnings guidance
• Positive Sentiment: WEC outlined a $47.5 billion 2027–2031 capital plan and is targeting annual EPS growth of 7% to 9% or more. The investment program could expand the regulated asset base and support long-term earnings and dividend growth. WEC capital plan and EPS growth targets
• Positive Sentiment: Analysts raised their price targets and issued constructive ratings. Scotiabank lifted its target to $128 with a “sector outperform” rating, while Wells Fargo raised its target to $129 and maintained an “overweight” rating. The revised targets imply approximately 10%–11% potential upside from the referenced price.
• Neutral Sentiment: WEC is reportedly in discussions regarding a 400-megawatt data-center project. Securing the project could create additional electricity demand, although the talks have not resulted in a confirmed agreement. WEC data-center project discussions
• Neutral Sentiment: HSBC initiated coverage with a “hold” rating, providing a more cautious view that offsets some of the recent bullish analyst actions.

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.