WEC Energy Group (NYSE:WEC) Given New $128.00 Price Target at Scotiabank

WEC Energy Group (NYSE:WEC) had its price target raised by Scotiabank from $117.00 to $128.00 in a research report released on Friday morning,Benzinga reports. They currently have a sector outperform rating on the utilities provider’s stock.

Several other equities analysts also recently commented on WEC. Weiss Ratings downgraded shares of WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. Truist Financial reduced their target price on WEC Energy Group from $114.00 to $113.00 and set a “hold” rating on the stock in a report on Friday, October 16th. JPMorgan Chase & Co. decreased their price target on WEC Energy Group from $121.00 to $116.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 13th. Wells Fargo & Company boosted their price target on WEC Energy Group from $127.00 to $129.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Royal Bank Of Canada cut their price objective on shares of WEC Energy Group from $124.00 to $122.00 and set a “sector perform” rating for the company in a research report on Monday, October 26th. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $118.00.

WEC Energy Group Stock Performance

NYSE:WEC opened at $116.19 on Friday. The stock has a market cap of $37.86 billion, a P/E ratio of 21.09, a PEG ratio of 2.36 and a beta of 0.45. The stock has a 50 day simple moving average of $105.85 and a 200 day simple moving average of $111.43. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.34. WEC Energy Group has a 1-year low of $99.80 and a 1-year high of $119.91.

WEC Energy Group (NYSE:WEC) last released its quarterly earnings results on Thursday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the company posted $0.83 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Research analysts anticipate that WEC Energy Group will post 5.60 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be issued a dividend of $0.9525 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $3.81 annualized dividend and a dividend yield of 3.3%. WEC Energy Group’s payout ratio is 69.15%.

Insider Activity

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 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 in the company, valued at $2,068,101.04. This represents a 4.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.46% of the company’s stock.

Institutional Trading of WEC Energy Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. grew its holdings in WEC Energy Group by 972.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 236 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 214 shares during the period. John Boyer Inc. bought a new position in shares of WEC Energy Group in the 3rd quarter worth about $25,000. Physician Wealth Advisors Inc. lifted its stake in shares of WEC Energy Group by 113.9% in the 1st quarter. Physician Wealth Advisors Inc. now owns 246 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 131 shares during the period. Compass Financial Management LLC acquired a new position in shares of WEC Energy Group in the 2nd quarter valued at about $29,000. Finally, Silvant Capital Management LLC bought a new stake in shares of WEC Energy Group during the 2nd quarter valued at about $34,000. Institutional investors own 77.20% of the company’s stock.

Key WEC Energy Group News

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.

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.