WEC Energy Group (NYSE:WEC) Share Price Crosses Above 200-Day Moving Average After Analyst Downgrade

Shares of WEC Energy Group, Inc. (NYSE:WEC) passed above its two hundred 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 two hundred 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.

A number of other research firms have also recently weighed in on WEC. Barclays lowered their target price on shares of WEC Energy Group from $117.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Monday, October 19th. UBS Group raised their price target on WEC Energy Group from $122.00 to $131.00 in a report on Monday, July 6th. BTIG Research set a $127.00 price objective on WEC Energy Group in a research report on Tuesday, October 20th. Jefferies Financial Group dropped their price objective on WEC Energy Group from $120.00 to $116.00 and set a “hold” rating for the company in a research note on Wednesday, October 21st. Finally, Scotiabank cut their target price on WEC Energy Group from $140.00 to $117.00 and set an “outperform” rating for the company in a research report on Wednesday, September 30th. Eight investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $117.11.

Insider Buying and Selling 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 value 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.46% of the company’s stock.

WEC Energy Group News Summary

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

Hedge Funds Weigh In On WEC Energy Group

Several institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its position in WEC Energy Group by 3.1% in the second quarter. Envestnet Asset Management Inc. now owns 3,734,979 shares of the utilities provider’s stock worth $436,133,000 after acquiring an additional 111,057 shares in the last quarter. Legal & General Group Plc purchased a new position in shares of WEC Energy Group in the 2nd quarter worth approximately $299,100,000. PNC Financial Services Group Inc. boosted its holdings in shares of 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 purchasing an additional 7,206 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of 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 valued at $192,007,000 after purchasing an additional 78,168 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of 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 valued at $148,906,000 after purchasing an additional 42,403 shares during the last quarter. Institutional investors own 77.20% of the company’s stock.

WEC Energy Group Stock Up 3.6%

The company has a market cap of $37.30 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 2.29 and a beta of 0.45. The company has a fifty day moving average of $105.69 and a two-hundred 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.

WEC Energy Group (NYSE:WEC) last posted its quarterly earnings data on Thursday, October 29th. The utilities provider reported $1.18 EPS for the quarter, topping the consensus estimate of $0.97 by $0.21. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. WEC Energy Group’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, analysts anticipate that WEC Energy Group, Inc. will post 5.60 earnings per share for the current fiscal year.

WEC Energy Group Announces Dividend

The company 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. This represents a $3.81 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, November 13th. WEC Energy Group’s dividend payout ratio is presently 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.