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 $99.14 (represents a 1.55% upside from WEC’s last price of $97.63) and a rating consensus of 'Hold', based on 11 wall street analysts offering a 1-year stock forecast.
WEC Price Target
The average price target for WEC Energy Group (WEC) is $99.14 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $108.00 to $86.00. This represents a potential 1.55% upside from WEC's last price of $97.63.
WEC Analyst Ratings
According to 11 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' (36.36%), 6 'Hold' (54.55%), 1 'Sell' (9.09%), 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 |
|---|---|---|---|---|---|---|
| Oct 22, 2024 | Sophie Karp | KeyBanc | $108.00 | $98.98 | 9.11% | 10.62% |
| Aug 23, 2024 | James Thalacker | BMO Capital | $93.00 | $92.96 | 0.04% | -4.74% |
| Aug 06, 2024 | Nicholas Campanella | Barclays | $86.00 | $88.19 | -2.48% | -11.91% |
| Jul 22, 2024 | James Thalacker | BMO Capital | $87.00 | $81.63 | 6.58% | -10.89% |
| Jul 22, 2024 | Nicholas Campanella | Barclays | $80.00 | $81.55 | -1.90% | -18.06% |
| Apr 19, 2024 | Sophie Karp | KeyBanc | $96.00 | $80.44 | 19.34% | -1.67% |
| Sep 27, 2023 | Shelby Tucker | RBC Capital | $95.00 | $80.57 | 17.91% | -2.69% |
| May 18, 2023 | Anthony Crowdell | Mizuho Securities | $98.00 | $89.27 | 9.78% | 0.38% |
| Feb 03, 2023 | - | Wells Fargo | $106.00 | $92.84 | 14.17% | 8.57% |
| Dec 05, 2022 | - | BMO Capital | $100.00 | $96.06 | 4.10% | 2.43% |
The latest WEC Energy Group stock forecast, released on Oct 22, 2024 by Sophie Karp from KeyBanc, set a price target of $108.00, which represents a 9.11% increase from the stock price at the time of the forecast ($98.98), and a 10.62% increase from WEC last price ($97.63).
WEC Energy Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 2 | 6 |
| Avg Price Target | $108.00 | $100.50 | $91.67 |
| Last Closing Price | $97.63 | $97.63 | $97.63 |
| Upside/Downside | 10.62% | 2.94% | -6.10% |
In the current month, the average price target of WEC Energy Group stock is $108.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 10.62% increase as opposed to WEC Energy Group's last price of $97.63. This month's average price target is up 7.46% compared to last quarter, and up 17.81% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 22, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Oct 16, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Oct 07, 2024 | Barclays | Underweight | Underweight | Hold |
| Sep 19, 2024 | Jefferies | - | Hold | Initialise |
| 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 |
WEC Energy Group's last stock rating was published by KeyBanc on Oct 22, 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.22B | $1.96B | $1.83B | $2.89B | $2.56B | $2.00B | $2.13B | $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 | $2.11B | $1.84B | $2.66B | $2.64B | $1.93B | $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 | $2.32B | $2.26B | $2.19B | $2.83B | $2.27B | $2.25B | $2.18B | $2.85B | $2.33B | $2.28B | $2.19B | $2.82B | $2.38B | $2.21B | $1.93B | $2.67B | $2.72B | $1.94B | $1.87B | $2.92B | $2.86B | $2.18B | $2.15B | $2.99B | $2.01B | $1.83B | $1.78B | $2.73B | $1.72B | $1.68B |
| Low Forecast | $2.12B | $2.07B | $2.00B | $2.59B | $2.08B | $2.06B | $1.99B | $2.61B | $2.13B | $2.08B | $2.00B | $2.58B | $2.17B | $2.02B | $1.76B | $2.65B | $2.58B | $1.93B | $1.87B | $2.92B | $2.78B | $1.71B | $1.96B | $2.73B | $1.83B | $1.83B | $1.78B | $2.73B | $1.72B | $1.68B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.79% | 0.96% | 0.89% | 1.01% | 1.33% | 1.10% | 1.19% | 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 $2.92B, and a high forecast of $2.92B. 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $758.10M | $878.80M | $831.10M | $1.06B | $746.00M | $782.90M | $750.60M | $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 | $786.57M | $685.44M | $988.60M | $983.02M | $719.79M | $697.13M | $1.22B | $1.05B | $756.49M | $764.35M | $1.11B | $566.37M | $680.50M | $663.73M | $1.01B | $639.15M | $626.99M |
| High Forecast | $864.04M | $843.01M | $815.15M | $1.05B | $846.04M | $838.28M | $811.31M | $1.06B | $867.91M | $848.48M | $816.64M | $1.05B | $885.82M | $823.27M | $717.42M | $992.11M | $1.01B | $722.40M | $697.13M | $1.47B | $1.06B | $811.31M | $800.01M | $1.33B | $679.64M | $680.50M | $663.73M | $1.21B | $639.15M | $626.99M |
| Low Forecast | $788.99M | $769.78M | $744.35M | $962.74M | $772.55M | $765.46M | $740.84M | $970.12M | $792.52M | $774.78M | $745.70M | $959.27M | $808.88M | $751.76M | $655.10M | $985.09M | $960.42M | $717.18M | $697.13M | $978.40M | $1.04B | $636.97M | $730.52M | $889.46M | $453.10M | $680.50M | $663.73M | $808.60M | $639.15M | $626.99M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.72% | 1.16% | 1.09% | 0.95% | 1.32% | 1.15% | 1.13% | 1.08% | 0.99% | 1.17% |
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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $218.50M | $316.30M | $290.00M | $507.80M | $253.00M | $302.30M | $287.80M | $566.20M | $223.80M | $290.30M |
| Avg Forecast | $417.95M | $434.33M | $405.65M | $754.48M | $407.25M | $354.90M | $355.26M | $764.39M | $378.20M | $332.52M | $335.36M | $723.97M | $573.18M | $281.01M | $233.09M | $506.64M | $470.30M | $222.44M | $200.76M | $635.87M | $342.94M | $287.75M | $267.94M | $578.07M | $200.65M | $273.06M | $268.69M | $525.51M | $213.56M | $250.29M |
| High Forecast | $443.30M | $460.67M | $430.26M | $800.25M | $431.95M | $376.43M | $376.81M | $810.76M | $401.14M | $352.69M | $355.70M | $767.88M | $607.95M | $298.05M | $247.23M | $508.97M | $492.85M | $235.94M | $200.78M | $763.05M | $363.74M | $294.14M | $284.19M | $693.68M | $240.78M | $273.06M | $268.69M | $630.62M | $213.56M | $250.29M |
| Low Forecast | $393.91M | $409.34M | $382.31M | $711.07M | $383.82M | $334.48M | $334.82M | $720.41M | $356.44M | $313.39M | $316.06M | $682.31M | $540.20M | $264.84M | $219.68M | $501.97M | $412.32M | $209.64M | $200.75M | $508.70M | $339.83M | $284.55M | $252.52M | $462.45M | $160.52M | $273.06M | $268.69M | $420.41M | $213.56M | $250.29M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.64% | 1.10% | 1.08% | 0.88% | 1.26% | 1.11% | 1.07% | 1.08% | 1.05% | 1.16% |
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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 |
| 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 | $111.35M | $97.04M | $139.96M | $139.16M | $101.90M | $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 | $122.32M | $119.34M | $115.40M | $149.26M | $119.77M | $118.67M | $114.86M | $150.40M | $122.87M | $120.12M | $115.61M | $148.72M | $125.41M | $116.55M | $101.56M | $140.45M | $143.43M | $102.27M | $98.69M | $153.96M | $150.54M | $114.86M | $113.26M | $157.46M | $105.86M | $96.34M | $93.96M | $143.90M | $90.48M | $88.76M |
| Low Forecast | $111.70M | $108.98M | $105.38M | $136.29M | $109.37M | $108.37M | $104.88M | $137.34M | $112.20M | $109.68M | $105.57M | $135.80M | $114.51M | $106.43M | $92.74M | $139.46M | $135.97M | $101.53M | $98.69M | $153.96M | $146.64M | $90.17M | $103.42M | $143.78M | $96.66M | $96.34M | $93.96M | $143.90M | $90.48M | $88.76M |
| 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.69 | $1.00 | $0.92 | $1.61 | $0.80 | $0.96 | $0.91 | $1.79 | $0.71 | $0.92 |
| Avg Forecast | $1.32 | $1.37 | $1.28 | $2.39 | $1.29 | $1.12 | $1.12 | $2.42 | $1.20 | $1.05 | $1.06 | $2.29 | $1.81 | $0.89 | $0.74 | $1.60 | $1.49 | $0.70 | $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 | $1.40 | $1.46 | $1.36 | $2.53 | $1.37 | $1.19 | $1.19 | $2.56 | $1.27 | $1.12 | $1.12 | $2.43 | $1.92 | $0.94 | $0.78 | $1.61 | $1.56 | $0.75 | $0.63 | $1.91 | $1.15 | $0.93 | $0.90 | $1.68 | $0.79 | $0.86 | $0.85 | $1.69 | $0.68 | $0.79 |
| Low Forecast | $1.25 | $1.29 | $1.21 | $2.25 | $1.21 | $1.06 | $1.06 | $2.28 | $1.13 | $0.99 | $1.00 | $2.16 | $1.71 | $0.84 | $0.69 | $1.59 | $1.30 | $0.66 | $0.63 | $1.91 | $1.07 | $0.90 | $0.80 | $1.49 | $0.70 | $0.86 | $0.85 | $1.69 | $0.68 | $0.79 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.64% | 1.10% | 1.09% | 1.02% | 1.07% | 1.11% | 1.07% | 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 $1.91 and a high estimate of $1.91. 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 | $38.14 | $46.45 | 21.79% | Buy |
| DTE | DTE Energy Company | $118.62 | $135.00 | 13.81% | Buy |
| FE | FirstEnergy | $41.22 | $46.80 | 13.54% | Hold |
| PNM | PNM Resources | $41.77 | $44.50 | 6.54% | Buy |
| LNT | Alliant Energy | $60.14 | $63.38 | 5.39% | Buy |
| EIX | Edison | $82.18 | $84.78 | 3.16% | Hold |
| CNP | CenterPoint Energy | $30.41 | $31.00 | 1.94% | Hold |
| WEC | WEC Energy Group | $97.63 | $99.14 | 1.55% | Hold |
| EVRG | Evergy | $63.38 | $64.25 | 1.37% | Buy |
| CMS | CMS Energy | $67.69 | $67.50 | -0.28% | Buy |
| AEE | Ameren | $91.39 | $90.08 | -1.43% | Buy |
| PEG | Public Service Enterprise Group | $87.01 | $81.29 | -6.57% | Buy |
| ETR | Entergy | $147.61 | $127.67 | -13.51% | Buy |
| PNW | Pinnacle West Capital | $91.22 | $75.89 | -16.81% | Buy |
| MGEE | MGE Energy | $108.16 | $71.00 | -34.36% | Sell |