WEC Energy Group (NYSE:WEC) Stock Price Breaks Above Two Hundred Day Moving Average After Analyst Downgrade

WEC Energy Group, Inc. (NYSE:WEC)’s share price crossed above its 200-day moving average during trading on Tuesday after Argus raised their price target on the stock from $112.00 to $120.00. The stock has a 200-day moving average of $111.30 and traded as high as $111.79. Argus currently has a buy rating on the stock. WEC Energy Group shares last traded at $111.5610, with a volume of 2,109,019 shares trading hands.

WEC has been the subject of a number of other reports. JPMorgan Chase & Co. reduced their price objective on shares of WEC Energy Group from $121.00 to $116.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th. Citigroup assumed coverage on shares of WEC Energy Group in a research note on Friday, October 3rd. They set a “buy” rating and a $131.00 target price on the stock. LADENBURG THALM/SH SH dropped 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 report on Wednesday, August 19th. Mizuho set a $124.00 target price on shares of WEC Energy Group in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group cut their price target on WEC Energy Group from $110.00 to $107.00 in a research note on Thursday, October 15th. Eight analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $117.11.

Insider Activity at WEC Energy Group

In related news, Director Ulice Payne, Jr. sold 980 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $105.58, for a total transaction of $103,468.40. Following the completion of the transaction, the director directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.46% 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 reported third-quarter earnings of $1.18 per share, well above the $0.97–$0.98 analyst consensus and up from $0.83 a year earlier. Net income rose to $389.3 million from $271.3 million, helped by strong electricity demand, favorable weather and operating efficiencies. WEC Energy Group reports third-quarter results
• Positive Sentiment: Revenue increased 8.9% year over year to approximately $2.29 billion, exceeding the roughly $2.27 billion consensus estimate. The combination of stronger sales and cost efficiencies supports the investment case for continued earnings growth. WEC Q3 Earnings Beat Estimates on Strong Demand, Revenues Rise Year over Year
• Positive Sentiment: Management raised its fiscal 2026 EPS outlook, reinforcing confidence that the favorable operating trends can continue beyond the third quarter. WEC Energy Boosts FY26 EPS Outlook
• Positive Sentiment: The stock recently moved above its 200-day moving average, adding technical momentum to the fundamentally positive earnings reaction. WEC Energy Group Share Price Breaks Above Two Hundred Day Moving Average
• Neutral Sentiment: Royal Bank of Canada maintained a “sector perform” rating while reducing its price target to $122 from $124, indicating limited near-term enthusiasm despite continued potential upside. Royal Bank of Canada WEC rating
• Neutral Sentiment: HSBC initiated coverage with a “hold” rating, reflecting a more cautious view of valuation and future returns. HSBC initiates coverage of WEC Energy Group

Institutional Trading of WEC Energy Group

Several hedge funds have recently bought and sold shares of the stock. Landaas & Co. WI ADV raised its holdings in shares of WEC Energy Group by 5.4% during the third quarter. Landaas & Co. WI ADV now owns 14,647 shares of the utilities provider’s stock valued at $1,476,000 after acquiring an additional 744 shares during the last quarter. Boit C F David acquired a new stake in shares of WEC Energy Group in the third quarter worth approximately $87,000. Hennessy Advisors Inc. boosted its stake in shares of WEC Energy Group by 0.7% in the third quarter. Hennessy Advisors Inc. now owns 152,140 shares of the utilities provider’s stock worth $15,333,000 after acquiring an additional 1,000 shares during the last quarter. Hoey Investments Inc. increased its position in shares of WEC Energy Group by 35.5% during the third quarter. Hoey Investments Inc. now owns 573 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 150 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of WEC Energy Group during the third quarter worth approximately $8,289,000. Hedge funds and other institutional investors own 77.20% of the company’s stock.

WEC Energy Group Trading Up 3.6%

The company has a 50 day moving average of $105.69 and a 200 day moving average of $111.38. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.53. The stock has a market capitalization of $37.30 billion, a price-to-earnings ratio of 22.18, a P/E/G ratio of 2.29 and a beta of 0.45.

WEC Energy Group (NYSE:WEC) last announced 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 12.90% and a net margin of 16.69%. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the firm posted $0.83 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, research analysts predict that WEC Energy Group, Inc. will post 5.60 EPS for the current fiscal year.

WEC Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be paid a $0.9525 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.3%. WEC Energy Group’s dividend payout ratio (DPR) is 73.84%.

WEC Energy Group Company Profile

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.