KeyCorp Issues Pessimistic Forecast for WEC Energy Group (NYSE:WEC) Stock Price

WEC Energy Group (NYSE:WEC) had its price target reduced by equities research analysts at KeyCorp from $117.00 to $111.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price target suggests a potential upside of 5.91% from the stock’s current price.

Several other research firms have also recently weighed in on WEC. BMO Capital Markets cut their price target on shares of WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Wall Street Zen raised shares of WEC Energy Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 22nd. Weiss Ratings cut shares of WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. LADENBURG THALM/SH SH downgraded WEC Energy Group from a “buy” rating to a “neutral” rating and set a $110.50 target price on the stock. in a research note on Tuesday, August 4th. Finally, JPMorgan Chase & Co. upped their target price on WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, WEC Energy Group has an average rating of “Hold” and an average price target of $120.90.

WEC Energy Group Price Performance

WEC opened at $104.81 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 has a market capitalization of $34.15 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 2.14 and a beta of 0.45. The firm’s fifty day moving average price is $105.49 and its two-hundred day moving average price is $111.07. 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 posted its earnings results on Wednesday, July 29th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. The firm 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 revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. As a group, analysts anticipate that WEC Energy Group will post 5.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Ulice Payne, Jr. sold 980 shares of the stock in a transaction dated 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 owned 19,588 shares in the company, valued at approximately $2,068,101.04. This represents a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.46% of the company’s stock.

Institutional Trading of WEC Energy Group

Hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc purchased a new stake in shares of WEC Energy Group during the 2nd quarter worth approximately $299,100,000. Magellan Asset Management Ltd bought a new stake in shares of WEC Energy Group in the 2nd quarter worth approximately $144,582,000. Caisse de depot et placement du Quebec purchased a new position in WEC Energy Group in the second quarter valued at approximately $128,290,000. Energy Income Partners LLC purchased a new position in WEC Energy Group in the second quarter valued at approximately $97,564,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in WEC Energy Group in the second quarter valued at approximately $95,395,000. Institutional investors own 77.20% of the company’s stock.

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.