WEC Energy Group (WEC) Stock Forecast, Price Target & Predictions
WEC Stock Forecast
WEC Energy Group stock forecast is as follows: an average price target of $97.43 (represents a 1.77% upside from WEC’s last price of $95.74) and a rating consensus of 'Hold', based on 10 wall street analysts offering a 1-year stock forecast.
WEC Price Target
The average price target for WEC Energy Group (WEC) is $97.43 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $108.00 to $86.00. This represents a potential 1.77% upside from WEC's last price of $95.74.
WEC Analyst Ratings
According to 10 Wall Street analysts, WEC Energy Group's rating consensus is 'Hold'. The analyst rating breakdown for WEC stock is 0 'Strong Buy' (0.00%), 4 'Buy' (40.00%), 5 'Hold' (50.00%), 1 'Sell' (10.00%), and 0 'Strong Sell' (0.00%).
WEC Energy Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 23, 2024 | James Thalacker | BMO Capital | $93.00 | $92.96 | 0.04% | -2.86% |
| Aug 06, 2024 | Nicholas Campanella | Barclays | $86.00 | $88.19 | -2.48% | -10.17% |
| Jul 22, 2024 | James Thalacker | BMO Capital | $87.00 | $81.63 | 6.58% | -9.13% |
| Jul 22, 2024 | Nicholas Campanella | Barclays | $80.00 | $81.55 | -1.90% | -16.44% |
| Apr 19, 2024 | Sophie Karp | KeyBanc | $96.00 | $80.44 | 19.34% | 0.27% |
| Sep 27, 2023 | Shelby Tucker | RBC Capital | $95.00 | $80.57 | 17.91% | -0.77% |
| May 18, 2023 | Anthony Crowdell | Mizuho Securities | $98.00 | $89.27 | 9.78% | 2.36% |
| Feb 03, 2023 | - | Wells Fargo | $106.00 | $92.84 | 14.17% | 10.72% |
| Dec 05, 2022 | - | BMO Capital | $100.00 | $96.06 | 4.10% | 4.45% |
| Jun 17, 2022 | Anthony Crowdell | Mizuho Securities | $93.00 | $89.49 | 3.92% | -2.86% |
The latest WEC Energy Group stock forecast, released on Aug 23, 2024 by James Thalacker from BMO Capital, set a price target of $93.00, which represents a 0.04% increase from the stock price at the time of the forecast ($92.96), and a -2.86% decrease from WEC last price ($95.74).
WEC Energy Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 4 | 6 |
| Avg Price Target | $93.00 | $86.50 | $89.50 |
| Last Closing Price | $95.74 | $95.74 | $95.74 |
| Upside/Downside | -2.86% | -9.65% | -6.52% |
In the current month, the average price target of WEC Energy Group stock is $93.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a -2.86% decrease as opposed to WEC Energy Group's last price of $95.74. This month's average price target is up 7.51% compared to last quarter, and up 3.91% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 16, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Aug 23, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Aug 20, 2024 | Scotiabank | Outperform | Outperform | Hold |
| Aug 06, 2024 | Barclays | Underweight | Underweight | Hold |
| Aug 01, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Jul 22, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Jul 22, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Apr 19, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Apr 09, 2024 | Goldman Sachs | - | Neutral | Initialise |
| Sep 27, 2023 | RBC Capital | - | Sector Perform | Initialise |
WEC Energy Group's last stock rating was published by KeyBanc on Sep 16, 2024. The company gave WEC a "Overweight" rating, the same as its previous rate.
WEC Energy Group Financial Forecast
WEC Energy Group Revenue Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.22B | $1.96B | $1.83B | $2.89B | $2.56B | $2.00B | - | $2.91B | $2.20B | $1.75B |
| Avg Forecast | $2.22B | $2.16B | $2.09B | $2.71B | $2.17B | $2.15B | $2.08B | $2.73B | $2.23B | $2.18B | $2.10B | $2.70B | $2.27B | $2.18B | $1.85B | $2.66B | $2.69B | $1.91B | $1.87B | $2.92B | $2.82B | $2.03B | $2.05B | $2.85B | $1.92B | $1.83B | $1.78B | $2.73B | $1.72B | $1.68B |
| High Forecast | $2.46B | $2.40B | $2.32B | $3.00B | $2.41B | $2.39B | $2.31B | $3.03B | $2.47B | $2.42B | $2.33B | $2.99B | $2.52B | $2.42B | $2.06B | $2.95B | $2.99B | $1.96B | $2.08B | $3.24B | $2.86B | $2.18B | $2.28B | $3.17B | $2.13B | $2.03B | $1.78B | $2.93B | $1.84B | $1.81B |
| Low Forecast | $2.02B | $1.97B | $1.91B | $2.47B | $1.98B | $1.96B | $1.90B | $2.48B | $2.03B | $1.98B | $1.91B | $2.46B | $2.07B | $1.99B | $1.69B | $2.43B | $2.45B | $1.84B | $1.71B | $2.66B | $2.78B | $1.71B | $1.87B | $2.60B | $1.75B | $1.67B | $1.78B | $2.58B | $1.62B | $1.59B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.79% | 0.96% | 0.89% | 1.01% | 1.33% | 1.10% | - | 1.06% | 1.28% | 1.04% |
WEC Energy Group's average Quarter revenue forecast for Mar 24 based on 1 analysts is $2.92B, with a low forecast of $2.66B, and a high forecast of $3.24B. WEC's average Quarter revenue forecast represents a 31.74% increase compared to the company's last Quarter revenue of $2.22B (Dec 23).
WEC Energy Group EBITDA Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $758.10M | $878.80M | $831.10M | $1.06B | $746.00M | $782.90M | - | $1.09B | $633.70M | $730.70M |
| Avg Forecast | $825.53M | $805.43M | $778.82M | $1.01B | $808.32M | $800.91M | $775.15M | $1.02B | $829.22M | $810.65M | $780.23M | $1.00B | $846.34M | $811.63M | $689.91M | $990.74M | $1.00B | $711.82M | $697.13M | $1.22B | $1.05B | $756.49M | $764.35M | $1.11B | $714.40M | $705.75M | $663.73M | $1.01B | $605.74M | $641.59M |
| High Forecast | $916.20M | $893.90M | $864.36M | $1.12B | $897.11M | $888.88M | $860.29M | $1.13B | $920.31M | $899.70M | $865.94M | $1.11B | $939.30M | $900.78M | $765.70M | $1.10B | $1.11B | $729.88M | $773.71M | $1.47B | $1.06B | $811.31M | $848.30M | $1.33B | $792.88M | $846.90M | $663.73M | $1.21B | $726.89M | $769.91M |
| Low Forecast | $752.27M | $733.96M | $709.71M | $917.94M | $736.60M | $729.84M | $706.36M | $924.97M | $755.64M | $738.72M | $711.00M | $914.63M | $771.24M | $739.61M | $628.69M | $902.82M | $913.64M | $686.52M | $635.27M | $978.40M | $1.04B | $636.97M | $696.52M | $889.46M | $651.01M | $564.60M | $663.73M | $808.60M | $484.59M | $513.27M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.72% | 1.16% | 1.09% | 0.95% | 1.04% | 1.11% | - | 1.08% | 1.05% | 1.14% |
1 analysts predict WEC's average Quarter EBITDA for Mar 24 to be $1.22B, with a high of $1.47B and a low of $978.40M. This is 61.33% upper than WEC Energy Group's previous annual EBITDA (Dec 23) of $758.10M.
WEC Energy Group Net Income Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $218.50M | $316.30M | $290.00M | $507.80M | $253.00M | $302.30M | - | $566.20M | $223.80M | $290.30M |
| Avg Forecast | $472.37M | $452.70M | $426.05M | $669.59M | $407.74M | $412.17M | $385.83M | $677.19M | $366.79M | $382.60M | $357.31M | $660.86M | $549.40M | $373.59M | $225.21M | $449.95M | $438.68M | $264.58M | $200.76M | $635.87M | $342.94M | $287.75M | $267.94M | $578.07M | $235.48M | $280.39M | $268.44M | $525.51M | $214.60M | $254.90M |
| High Forecast | $539.82M | $517.35M | $486.88M | $765.20M | $465.96M | $471.02M | $440.92M | $773.89M | $419.17M | $437.24M | $408.33M | $755.22M | $627.85M | $426.94M | $257.37M | $514.20M | $501.33M | $337.56M | $229.43M | $763.05M | $391.91M | $294.14M | $306.20M | $693.68M | $269.11M | $336.46M | $268.44M | $630.62M | $257.51M | $305.88M |
| Low Forecast | $417.88M | $400.48M | $376.90M | $592.34M | $360.71M | $364.62M | $341.32M | $599.07M | $324.48M | $338.47M | $316.09M | $584.62M | $486.02M | $330.50M | $199.23M | $398.05M | $388.08M | $212.88M | $177.61M | $508.70M | $339.83M | $284.55M | $237.03M | $462.45M | $208.32M | $224.31M | $268.44M | $420.41M | $171.68M | $203.92M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.64% | 1.10% | 1.08% | 0.88% | 1.07% | 1.08% | - | 1.08% | 1.04% | 1.14% |
WEC Energy Group's average Quarter net income forecast for Mar 24 is $635.87M, with a range of $508.70M to $763.05M. WEC's average Quarter net income forecast represents a 191.02% increase compared to the company's last Quarter net income of $218.50M (Dec 23).
WEC Energy Group SG&A Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $116.87M | $114.02M | $110.26M | $142.61M | $114.43M | $113.38M | $109.74M | $143.70M | $117.39M | $114.76M | $110.46M | $142.09M | $119.82M | $114.90M | $97.67M | $140.26M | $141.94M | $100.77M | $98.69M | $153.96M | $148.87M | $107.10M | $108.21M | $150.44M | $101.14M | $96.34M | $93.96M | $143.90M | $90.48M | $88.76M |
| High Forecast | $129.71M | $126.55M | $122.37M | $158.27M | $127.00M | $125.84M | $121.79M | $159.48M | $130.29M | $127.37M | $122.59M | $157.70M | $132.98M | $127.52M | $108.40M | $155.66M | $157.53M | $103.33M | $109.53M | $170.87M | $150.54M | $114.86M | $120.09M | $166.97M | $112.25M | $106.92M | $93.96M | $154.43M | $97.10M | $95.25M |
| Low Forecast | $106.50M | $103.91M | $100.47M | $129.95M | $104.28M | $103.32M | $100.00M | $130.95M | $106.98M | $104.58M | $100.66M | $129.48M | $109.18M | $104.71M | $89.00M | $127.81M | $129.34M | $97.19M | $89.93M | $140.29M | $146.64M | $90.17M | $98.61M | $137.09M | $92.16M | $87.79M | $93.96M | $136.12M | $85.59M | $83.96M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
WEC Energy Group's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to WEC last annual SG&A of $NaN (undefined).
WEC Energy Group EPS Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.69 | $1.00 | $0.92 | $1.61 | $0.80 | $0.96 | - | $1.79 | $0.71 | $0.92 |
| Avg Forecast | $1.49 | $1.43 | $1.35 | $2.12 | $1.29 | $1.30 | $1.22 | $2.14 | $1.16 | $1.21 | $1.13 | $2.09 | $1.74 | $1.18 | $0.71 | $1.42 | $1.39 | $0.84 | $0.63 | $1.91 | $1.08 | $0.91 | $0.85 | $1.58 | $0.74 | $0.86 | $0.85 | $1.69 | $0.68 | $0.79 |
| High Forecast | $1.71 | $1.64 | $1.54 | $2.42 | $1.47 | $1.49 | $1.39 | $2.45 | $1.33 | $1.38 | $1.29 | $2.39 | $1.99 | $1.35 | $0.81 | $1.63 | $1.59 | $1.07 | $0.73 | $2.19 | $1.24 | $0.93 | $0.97 | $1.81 | $0.85 | $0.99 | $0.85 | $1.85 | $0.74 | $0.87 |
| Low Forecast | $1.32 | $1.27 | $1.19 | $1.87 | $1.14 | $1.15 | $1.08 | $1.89 | $1.03 | $1.07 | $1.00 | $1.85 | $1.54 | $1.05 | $0.63 | $1.26 | $1.23 | $0.67 | $0.56 | $1.69 | $1.07 | $0.90 | $0.75 | $1.40 | $0.66 | $0.76 | $0.85 | $1.57 | $0.63 | $0.74 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.64% | 1.10% | 1.09% | 1.02% | 1.07% | 1.11% | - | 1.06% | 1.05% | 1.16% |
According to 1 Wall Street analysts, WEC Energy Group's projected average Quarter EPS for Mar 24 is $1.91, with a low estimate of $1.69 and a high estimate of $2.19. This represents a 177.24% increase compared to WEC previous annual EPS of $0.69 (Dec 23).
WEC Energy Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| EXC | Exelon | $40.20 | $46.50 | 15.67% | Buy |
| CNP | CenterPoint Energy | $28.32 | $31.00 | 9.46% | Hold |
| DTE | DTE Energy Company | $125.68 | $133.92 | 6.56% | Buy |
| PNM | PNM Resources | $41.77 | $44.50 | 6.54% | Buy |
| AEE | Ameren | $85.02 | $89.45 | 5.21% | Buy |
| FE | FirstEnergy | $43.69 | $45.00 | 3.00% | Buy |
| WEC | WEC Energy Group | $95.74 | $97.43 | 1.77% | Hold |
| LNT | Alliant Energy | $60.31 | $61.00 | 1.14% | Buy |
| EVRG | Evergy | $61.91 | $62.00 | 0.15% | Buy |
| EIX | Edison | $86.06 | $82.63 | -3.99% | Hold |
| ETR | Entergy | $129.08 | $122.50 | -5.10% | Buy |
| CMS | CMS Energy | $70.26 | $66.23 | -5.74% | Buy |
| PEG | Public Service Enterprise Group | $84.73 | $78.43 | -7.44% | Buy |
| PNW | Pinnacle West Capital | $89.97 | $72.67 | -19.23% | Buy |
| MGEE | MGE Energy | $91.58 | $71.00 | -22.47% | Sell |
WEC Forecast FAQ
Is WEC Energy Group a good buy?
No, according to 10 Wall Street analysts, WEC Energy Group (WEC) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 40.00% of WEC's total ratings.
What is WEC's price target?
WEC Energy Group (WEC) average price target is $97.43 with a range of $86 to $108, implying a 1.77% from its last price of $95.74. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will WEC Energy Group stock go up soon?
According to Wall Street analysts' prediction for WEC stock, the company can go up by 1.77% (from the last price of $95.74 to the average price target of $97.43), up by 12.81% based on the highest stock price target, and down by -10.17% based on the lowest stock price target.
Can WEC Energy Group stock reach $140?
WEC's average twelve months analyst stock price target of $97.43 does not support the claim that WEC Energy Group can reach $140 in the near future.
What is WEC Energy Group's current price target trend?
1 Wall Street analyst forecast a $93 price target for WEC Energy Group (WEC) this month, down -2.86% from its last price of $95.74. Compared to the last 3 and 12 months, the average price target decreased by -9.65% and decreased by -6.52%, respectively.
What are WEC Energy Group's analysts' financial forecasts?
WEC Energy Group's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $9.13B (high $10.14B, low $8.32B), average EBITDA is $3.4B (high $3.77B, low $3.1B), average net income is $1.88B (high $2.15B, low $1.67B), average SG&A $481.25M (high $534.12M, low $438.55M), and average EPS is $5.95 (high $6.81, low $5.27). WEC's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $9.18B (high $10.19B, low $8.36B), average EBITDA is $3.42B (high $3.79B, low $3.11B), average net income is $2.02B (high $2.31B, low $1.79B), average SG&A $483.76M (high $536.89M, low $440.83M), and average EPS is $6.39 (high $7.3, low $5.65).
Did the WEC's actual financial results beat the analysts' financial forecasts?
Based on WEC Energy Group's last annual report (Dec 2023), the company's revenue was $8.89B, which missed the average analysts forecast of $9.77B by -8.93%. Apple's EBITDA was $3.53B, missing the average prediction of $3.68B by -4.26%. The company's net income was $1.33B, missing the average estimation of $1.48B by -9.82%. Apple's SG&A was $0, missing the average forecast of $514.61M by -100.00%. Lastly, the company's EPS was $4.22, missing the average prediction of $4.42 by -4.59%. In terms of the last quarterly report (Dec 2023), WEC Energy Group's revenue was $2.22B, missing the average analysts' forecast of $2.82B by -21.50%. The company's EBITDA was $758.1M, missing the average prediction of $1.05B by -27.91%. WEC Energy Group's net income was $218.5M, missing the average estimation of $342.94M by -36.29%. The company's SG&A was $0, missing the average forecast of $148.87M by -100.00%. Lastly, the company's EPS was $0.69, missing the average prediction of $1.08 by -36.38%