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WEC Energy Group (WEC) Stock Forecast & Price Target

$94.35
+0.21 (+0.22%)
(As of 10/8/2024 ET)

WEC Energy Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
3
Hold
4
Buy
4

Based on 11 Wall Street analysts who have issued ratings for WEC Energy Group in the last 12 months, the stock has a consensus rating of "Hold." Out of the 11 analysts, 3 have given a sell rating, 4 have given a hold rating, and 4 have given a buy rating for WEC.

Consensus Price Target

$92.92
-1.52% Downside
According to the 11 analysts' twelve-month price targets for WEC Energy Group, the average price target is $92.92. The highest price target for WEC is $103.00, while the lowest price target for WEC is $84.00. The average price target represents a forecasted downside of -1.52% from the current price of $94.35.
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WEC Analyst Ratings Over Time

TypeCurrent Forecast
10/9/23 to 10/8/24
1 Month Ago
9/9/23 to 9/8/24
3 Months Ago
7/11/23 to 7/10/24
1 Year Ago
10/9/22 to 10/9/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
3 Buy rating(s)
Hold
4 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
Sell
3 Sell rating(s)
3 Sell rating(s)
3 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$92.92$89.77$85.92$92.62
Forecasted Upside-1.52% Downside-4.14% Downside9.89% Upside13.33% Upside
Consensus Rating
Hold
Hold
Hold
Hold

WEC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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WEC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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WEC Energy Group Stock vs. The Competition

TypeWEC Energy GroupUtilities CompaniesS&P 500
Consensus Rating Score
2.09
2.49
2.50
Consensus RatingHoldHoldHold
Predicted Upside-1.52% Downside19.35% Upside7.87% Upside
News Sentiment Rating
Positive News

See Recent WEC News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/7/2024Barclays
3 of 5 stars
 Boost TargetUnderweight ➝ Underweight$86.00 ➝ $89.00-5.44%
9/30/2024KeyCorp
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$98.00 ➝ $103.00+8.13%
9/19/2024Jefferies Financial Group
2 of 5 stars
 Initiated CoverageHold$102.00+8.77%
8/29/2024Bank of America
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 Boost TargetUnderperform ➝ Underperform$88.00 ➝ $90.00-2.49%
8/23/2024BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$91.00 ➝ $93.00+0.04%
8/21/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$98.00 ➝ $103.00+13.41%
8/20/2024Scotiabank
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 Boost TargetSector Outperform ➝ Sector Outperform$90.00 ➝ $103.00+13.50%
4/10/2024The Goldman Sachs Group
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 Initiated CoverageNeutral$88.00+7.43%
2/8/2024Royal Bank of Canada
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 Lower TargetSector Perform ➝ Sector Perform$95.00 ➝ $90.00+15.96%
2/2/2024JPMorgan Chase & Co.
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 DowngradeNeutral ➝ Underweight$90.00 ➝ $84.00+2.69%
12/18/2023Mizuho
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 Lower TargetBuy ➝ Buy$88.00 ➝ $86.00+4.46%
10/9/2023Guggenheim
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 Lower Target$94.00 ➝ $84.00+3.69%
10/4/2023UBS Group
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 Lower TargetNeutral ➝ Neutral$87.00 ➝ $80.00+1.55%
9/11/2023LADENBURG THALM/SH SH
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 Initiated CoverageNeutral$85.00+0.39%
6/30/2023888
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 Reiterated RatingReiterates
6/9/2023Evercore ISI
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 Lower Target$98.00 ➝ $91.00+0.70%
11/3/2022Credit Suisse Group
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 Boost TargetUnderperform$89.00 ➝ $93.00+2.89%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:36 PM ET.


Should I Buy WEC Energy Group Stock? WEC Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, October 1, 2024. Please send any questions or comments about these WEC Energy Group pros and cons to contact@marketbeat.com.

WEC Energy Group
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in WEC Energy Group, Inc.:

  • WEC Energy Group, Inc. provides regulated natural gas and electricity services, offering stability and consistent revenue streams.
  • The company has a strong track record of annual revenue growth, indicating financial health and potential for future profitability.
  • WEC Energy Group, Inc. has a solid return on equity, showcasing efficient use of shareholder funds to generate profits.
  • With a high percentage held by institutional investors, WEC Energy Group, Inc. is backed by market confidence and support.
  • The company offers a competitive dividend yield, providing investors with a steady income stream.

WEC Energy Group
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in WEC Energy Group, Inc. for these reasons:

  • WEC Energy Group, Inc. faces regulatory risks in the energy sector, which could impact its operations and profitability.
  • The company's stock price has experienced fluctuations, potentially leading to volatility in investment returns.
  • Market competition and changing consumer preferences may pose challenges for WEC Energy Group, Inc.'s growth prospects.
  • Debt levels and debt-to-equity ratio of WEC Energy Group, Inc. should be monitored for potential financial risks.
  • Investors should consider the overall market conditions and economic outlook when evaluating investments in WEC Energy Group, Inc.

WEC Forecast - Frequently Asked Questions

According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for WEC Energy Group is $92.92, with a high forecast of $103.00 and a low forecast of $84.00.

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for WEC Energy Group in the last year. There are currently 3 sell ratings, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WEC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WEC, but not buy additional shares or sell existing shares.

According to analysts, WEC Energy Group's stock has a predicted downside of -1.52% based on their 12-month stock forecasts.

WEC Energy Group has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Jefferies Financial Group, KeyCorp, Scotiabank, and Wells Fargo & Company in the past 90 days.

Analysts like WEC Energy Group less than other "utilities" companies. The consensus rating score for WEC Energy Group is 2.09 while the average consensus rating score for "utilities" companies is 2.49. Learn more on how WEC compares to other companies.


This page (NYSE:WEC) was last updated on 10/8/2024 by MarketBeat.com Staff
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